{"id":856,"date":"2020-12-09T08:19:48","date_gmt":"2020-12-09T08:19:48","guid":{"rendered":"https:\/\/www.carbar.com.au\/blog\/?p=856"},"modified":"2023-10-18T15:57:14","modified_gmt":"2023-10-18T04:57:14","slug":"managing-car-expenses-in-an-economic-downturn-loans-financing-trade-ins","status":"publish","type":"post","link":"https:\/\/carbar.com.au\/blog\/managing-car-expenses-in-an-economic-downturn-loans-financing-trade-ins","title":{"rendered":"Managing Car Expenses in an Economic Downturn: Loans, financing & trade-ins"},"content":{"rendered":"

With COVID-19 putting pressure on many Australians, people across the country are making their financial security a priority like never before. Building up the nest egg is imperative in times of economic unrest, especially in a year where we don\u2019t know what might be coming next. Regardless of where you are and what level of lockdown you\u2019re under, you still need to be mobile for the essentials like medical trips and grocery shopping – without cutting into your rainy day fund.<\/span><\/p>\n

If you\u2019re looking for a new vehicle right now, it\u2019s worth thinking very carefully about your options. With more than <\/span>90% of all drivers in Australia<\/span><\/a> taking advantage of finance options to purchase a car in 2017, it\u2019s more likely than not that the thought of a loan has crossed your mind.\u00a0<\/span><\/p>\n

There is an alternative. Don\u2019t make a ten-year commitment to a loan that will end up costing you nearly as much again in interest. Carbar offers all the benefits of traditional car ownership through our car subscription service that will save you time, and quite possibly, help grow your nest egg.\u00a0<\/span><\/p>\n

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