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WebOct 29, 2024 · By doing your research ahead of time, you can avoid overspending on your new car. 2. Avoid buying a new car – they lose their value quickly. In the first year of ownership, a new car can lose up to 20% of its value. By the time it is five years old, it will be worth only about 60% of its original purchase price. WebNov 13, 2024 · Buying a car can be a source of tremendous joy. It can also trigger a great deal of woe. The difference lies in how well you plan and execute the purchase. Let’s take … WebApr 10, 2024 · Set a Budget. Setting a budget is one of the most important steps in the car buying process. Determine how much you can afford to spend on a car, including the monthly payments, insurance, and maintenance costs. Be realistic about your budget and avoid overspending. Remember, you don’t want to stretch yourself too thin and end up … darebin activity centres