When it comes to buying a car, the practicality must come first. Your budget is one of the most important practical concerns you should have in mind. However, we all dream of having the opportunity to drive a car that we can’t afford, something that really gets our blood pumping. It doesn’t have to be a dream, however. Here are some ways to make it much more achievable.
GET IT ON A LEASE
One of the most common methods is to instead lease the car that you want. While you might be paying roughly the same as you would pay in a loan for a regular car that fits your budget, a lease gives you the opportunity to access a car that might be above your price range. Of course, the trade-off is that you have to give it back when the lease term is up. However, you also don’t have to pay as much when it comes to maintenance or worry about your car depreciating.
RENT SOMETHING AMAZING
You don’t necessarily need to come home to that car every day to enjoy the thrill of driving it at your leisure. There are plenty of luxury rental car companies that specifically stock up on race cars, sports cars, and other cars that you might not typically get to drive all the time. They are, of course, more expensive than the usual rental but to a lot of people they are worth the expense. Plus, you get to take it wherever you want so long as you’re following the contract of the rental, offering you the freedom to go where you want with it.
MAKE IT AN EXPERIENCE
If you don’t mind a more curated experience, then perhaps you don’t need as much freedom to explore. It might not cost quite as much to enjoy a high-end driving experience, such as a luxury road trip. There are also race track day experiences that can put you behind the wheel of some very highly tuned vehicles to see how quickly you can complete a course, including some of the most famous racecourses in the world. It also makes a whole day of it, so you can turn it into a really special experience to share with family and friends if you want.
SAVE UP TO PAY CASH
One of the most common tips to save money when buying a car is to build up the cash to buy it outright instead of paying it off with a loan. For one, with no loan, you don’t have to worry about any interest or other fees that might jack the price up. However, you may also have the wiggle room to negotiate the price a little lower if you’re able to promise the lack of hassle that comes with paying in straight-up cash. This might make that expensive and flash car more affordable.
Know what you want and how much you’re willing to pay for it, more than anything. If the experience will do you just fine, then you don’t necessarily need that car in your garage.
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