Vehicle Savings Plan: How to Save Money on Your Next Car with Tida Zim Motors
Buying a car is a big investment, and it’s important to find ways to save money. A vehicle savings plan can help you reach your goal of owning a new or used car without breaking the bank.
Opening a Vehicle Savings Plan with Tida Zim Motors!
- How does it work?
Depending on how much you are intending to save for your deposit, you can split that figure into a maximum of 6 months and make monthly payments towards your deposit.
- What happens next?
As soon as your account, (which will also be earning 2% of the principal balance) reaches the targeted deposit amount, we go through the vehicle selection process, guided by your account balance on date.
There are many advantages to having a vehicle savings plan. Here are a few:
⦁ Peace of mind. Knowing that you have a set amount of money saved up for a car can give you peace of mind and make the car buying process less stressful.
⦁ Better financing options. Lenders are more likely to offer you a lower interest rate on a car loan if you have a down payment. This can save you money on your monthly payments.
⦁ More choices. When you have a set amount of money saved up, you have more choices when it comes to buying a car. You can afford to buy a newer car with more features, or you can buy a used car that is still reliable.
⦁ Less debt. If you finance your car, you will be paying interest on the loan. By having a vehicle savings plan, you can pay for your car in cash and avoid interest payments altogether.
So if you are thinking about buying a car without breaking the bank, opening a vehicle savings plan with Tida Zim Motors is a great way to save money and get the best possible deal.
Here are some tips for creating a vehicle savings plan:
⦁ Opening an Account. Opening a account with us will help you not to strain your bank account and aslo you will be earning 2% interest of the principal balance.
⦁ Set a goal. How much money do you want to save? Once you know your goal, you can start to create a plan to reach it.
⦁ Create a budget. Track your income and expenses to see where you can cut back. Every dollar you save can go towards your car fund.
⦁ Automate your savings. Set up a recurring transfer from your checking account to your savings account on payday. This will help you save money without even thinking about it.
⦁ Get a part-time job. If you need to, get a part-time job to boost your income and help you save for your car faster.
⦁ Shop around for the best deal. Don’t just go to the first dealership you see. Do your research and compare prices before you buy.
⦁ Consider buying a used car. Used cars are typically much cheaper than new cars. You can still get a reliable car that meets your needs without spending a fortune.
In conclusion opening a vehicle savings plan with us will help you reach your goal of owning a new or used car without breaking the bank, you can contact us on any of our social media platforms to know more and get started on the Journey of saving up for your dream car;