Decide if the expense is necessary8 of 8If you're going to borrow money, make sure the auto is a necessity and not just a new car you don't need, Kresh says.Take into consideration what you can afford to borrow and stick within those limits, he says."If you're looking at unconventional loan sources, such as family members and friends, for something as conventional as buying a car, you have to ask yourself if you're really just trying to spend too much money," says Kresh. advertisementRelated Links:Video: Car repair estimates on the WebNational auto loan rates for July 14, 2011Auto Rates for July 14, 2011Related Articles:5 tips to find cheap gasNail hybrid used-car deal Buy or lease a new car?
If you're going to borrow money, make sure the auto is a necessity and not just a new car you don't need, Kresh says.
Take into consideration what you can afford to borrow and stick within those limits, he says.
"If you're looking at unconventional loan sources, such as family members and friends, for something as conventional as buying a car, you have to ask yourself if you're really just trying to spend too much money," says Kresh.
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