BuyingWho Owns The Car?
The car is yours, whether you are paying for it with cash or getting it financed. When you're financing it you'll have to meet the stipulations the lender makes, like a certain down payment amount and monthly payments. Not meeting those rules means that they are entitled to repossess the vehicle.Up-front Costs
When you're financing it, the bank or institution will request a down payment. This amount can vary depending on the requirements and your credit score. Often, your old vehicle can be used as partial or full down payment towards a new vehicle.Future Value
Your new vehicle will be worth whatever you are able to sell it for down the road, and that can vary depending on how well you keep up maintenance. Performing the Manufacturer's recommended maintenance can help raise the value!End of Payments
Once you have paid off the vehicle and any interest that was agreed upon in your contract, the car is yours! The bank will send you a Lien Release as your proof that you have paid off everything that was owed to them. At this point, you can either sell the vehicle and buy a new one, or keep it for as long as you keep taking care of the vehicle properly.Best Cars to Buy
This is a question best asked to yourself! There are many different vehicles that fit different lifestyles. While the beginning of this question is somewhat personal, our sales people at Diamond Valley Honda can certainly guide you to what would be a good fit for you. Either contact us with the form on the side of the page, or call us at 888-794-1620 and ask for help.