The price of diesel and gasoline, inflation or the increase in the cost of certain components have recently caused the price of new cars to become more expensive. Even so, the sale of new cars continues to grow. The first seven months of this year, registrations increased by 22% and sales grew by 11%.
If you are one of those who are thinking about purchasing a car, perhaps you have considered the possibility of giving your old car as a down payment. This method has advantages but also certain drawbacks that you should carefully analyze before buying a car and handing over the old one as a payment method.
Trading in your old car as a down payment to buy a new one has its pros and cons. Before deciding which initiative to take, it is advisable to assess its advantages and disadvantages, take into account your current needs as well as the financial situation you are in to make a correct decision.
