Auto loan news article

Business & Finance
Tutor: None Selected Time limit: 1 Day

Because my first language is not English, I could not point out the main point myself.

Please, can you summarize this short article? :(:(

What is this article's main point?

http://www.detroitnews.com/story/business/personal-finance/2015/07/13/consider-financial-implications-lengthy-auto-loans/30073335/

Jul 14th, 2015

Thank you for the opportunity to help you with your question!

Basically the article is saying that when you are buying a car and taking out a loan for the car, be mindful of the additional fees and the tax you have to pay. He says that even though getting a loan to get a brand new car may seem good at the moment, you should keep in mind the tax, overall cost and Depreciation risks. Many people make a mistake of getting a loan to buy a car and have to pay a lot of money in additional interest and fees. 

To sum up, be careful when you are buying a car with a loan. Make sure to look at every aspect of price, so you can pay back the loan as soon as you can without burdening yourself

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 14th, 2015

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