Auto loan news article

label Business
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

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

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Jul 14th, 2015
...
Jul 14th, 2015
Sep 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer