|
|
Smart Buy Is For DummiesJan 11 '00 Write an essay on this topic.Back in 97' I purchased a Mazda Protege on the Smart Buy plan. At the time that was the only way I could purchase the car due to lack of credit. In case you are not familiar with Smart Buy, let me tell you how it works. Smart Buy is mainly aimed to those who have little credit and are young and eager to buy a new car. With the Smart Buy plan the finance company only finances half of the note for a two year period. Then at the end of the two year period you have a balloon note for the remainder of the vehicles financed price. Sound good? Well, it sounded good to me at the time so I went with the Smart Buy option. Now I'm sweating my pants off that I don't lose my car! My note is at the end and my balloon note is due so either I come up with 8,900 dollars or maybe they will refinance me. This is what every Smart Buy buyer deals with at one point or another. My finance tip is to stick with straight 60 month financing because you never know what tomorrow will bring. The last thing I want to do is pay for a car for 2 years and lose it.  |
| Write the first comment on this review! |
