It’s every auto enthusiast’s dream. You hear about an “old car” that’s been in someone’s garage for years and you get invited to take a look at it. After you arrive, you open the barn doors and in the corner there’s a dusty tarp covering something large. You can see tires under the tarp and then the excitement starts – this is likely a car forgotten for decades. After you remove all the boxes and other objects off the top of the heap, you pull the tarp off and there it is: an unrestored, rare vintage automobile.

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Buying a used car can be very exciting and a good way to save money. As exciting as it is to buy and drive a car that you really want, it can also be very expensive if you purchase a mechanically inferior car, spend more than you can afford or do not account for necessary expenses, such as insurance, registration, maintenance and other costs that come with running a car. Read on to discover the five things that should be foremost in your mind before buying your new car.

1. Know your budgetary limits

First, you need to work out how much you can spend. As well as the purchase price of the car, ongoing costs including registration, insurance and mechanical maintenance should be factored in. To purchase a vehicle, many buyers need finance in the form of a car loan and it’s important to shop around get the best rate and loan conditions possible. It can be worthwhile and very reassuring to seek professional advice regarding loan options; try consulting specialists in car loans and finance such as Dreamloans

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