Trade secrets Think hard before taking out a loan to buy a car

摘要

Just as US president BarackObama is banging on about change, it seems that many of us are already well ahead of him. If my inbox is anything to go by, everyone in the world needs to change their car right now, if not sooner, except they can't actually afford to. In just about all cases it involves downsizing rather than upgrading. That means sports cars are being 'churned' not through the traditional classified ads, but at main dealers who, amazingly, still seem to have some cash to spare if the price is low enough. But not everyone is so lucky.