Tips For Your Successful Car Purchase
By Attila Jancsina
If you finally decided to get rid of your old and ugly car, don't jump into a car buying without calculating.

It's o.k. that you already know what you want. The latest Ferrari model, of course. The red one you saw at thecarofyourfantasies.com. But maybe you should reconsider it. By the way, did you know that red cars and sports type cars are stopped more often?

Purchasing a new car is a complicated financial operation and a highlight of your life. Take it seriously.

First, have a look at your family budget. Sit down and check all your household expenses, as well as cash on hand and your take-home pay and determine what you can reasonably afford to pay for a new car. According to the experts you shouldn't spend on your car more than 20 percent of your monthly income.

Afterwards check your credit. Start this process months before you plan to purchase, if possible, because if you have incorrect or outdated information that's lowering your score - and therefore raising the interest rate you'll have to pay - it can removed, but it takes at least 60 to 90 days.

To calculate monthly payments, you should factor in proposed purchase price, the down payment, interest rate and term of your loan. All will affect how much you can afford to spend on your car.

Don't worry if you can't get a standard loan, there are alternatives. If the banks, building societies and credit unions won't lend to you because

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