Used car buyers want an easy life, which is fair enough, except that I think that the process never ought to be too painless. After all, if you get complacent, that’s when mistakes get made.
Anyway, I notice that there are more companies piling into the ‘guaranteed online sale with added easy finance’ market. This is nothing new; over the years, I’ve looked at countless e-commerce ventures that tried to make the whole used car buying thing less stressful. Many of those companies no longer operate.
Let’s look at the ingredients of one I stumbled across the other day. For starters, it offered vehicles that had undergone a professional inspection, which is good. The prices of the vehicles online were presented as monthly costs, then a personal loan robot did all the financial ruminating on your behalf once you had entered all your details.
Now I understand why some of us need loans to buy cars and there may be some very good reasons to do so. However, I would like to politely suggest that, ideally, we ought to save up and spend what we’ve got, rather than pay interest.