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5 Most Highlighted Terms You Should Know Before
Buying a Car
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About-

• Buying a car is quite difficult for people who
  are buying for the first time.
• It is not like furniture or other stuff.
• It requires paperwork, the need for personal
  documents, identity proof, etc.
• It gets tougher when you have not enough cash to
  buy it for the first time like without loans, etc
  or more at the time of Car Service Portsmouth.
• It requires pre-planning because of some
  paperwork which is not possible without including
  a bank.

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5 Highlighted Terms For Car Buyer-

1. Total Funds
2. Personal Contract Purchase PCP
3. High Purchase- HP
4. Personal Loan
5. Fees and Taxes

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1. Total Funds

• It is the easiest way to buy a car.
• Because it does not include any loans, interest,
  etc.
• All it required is the total cash amount at the
  time of buying means you have to pay total amount
  after discount.
• At the time of payment, it only requires
  documents for paperwork and some authority
  information of the owner that sheet.

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2. Personal Contract Purchase- PCP

• It is based on a contract plan for those who are
  not able to pay the total amount at one time or
  Car Service Fareham.
• In the beginning, the customer must have to pay
  a few percent of the total amount.
• And further amounts will paid on a monthly
  basis.
• In this, a balloon payment is set which have to
  be pay at the end of the agreement .

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3. High Purchase- HP

• It is quite similar to personal contact
  purchase.
• But in this you have to pay 10 of the total
  amount the car.
• And remaining payment in the term of deposits
  which is decided by the car dealer.
• Ant you did not get the car until you pay your
  last deposit.

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4. Personal Loan

• A Personal loan will be helpful when you do not
  have a total amount.
• All you can do is take a personal loan from the
  bank, finance providers and from landlord.
• In this, you can take your car at the first
  payment and Car Repair Fareham.
• But for guaranty, you have to submit your
  property papers, house papers, etc .

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5. Fees and Taxes

• With the total amount, an extra amount will be
  added at the time of billing.
• Like GST and other taxes and cost of seats,
  sound boxes, etc will also be added.
• The taxes depends upon the total amount of the
  car.
• So you have to pay more 1-2Lakh depending upon
  your car model.

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Created By-
D P Auto Repairs
Call Us - 02392 299350 - 07900
080553
Email info_at_dpautorepairs.co.uk
Website- https//www.dpautorepairs.co.uk/