Single parents face unique financial struggles, including securing car financing. Luckily, there are a number of options available that can make car ownership a reality without breaking the bank. Auto finance companies often offer lower interest rates to applicants with a good credit score and a steady income. Alternatives such as car leasing and hiring purchase allow single parents to make manageable payments, while still having access to all the benefits of car ownership. In addition, there are used car options that can provide more affordable monthly payments. With the right research and by comparing the different financing options, car ownership can be an inexpensive and attainable goal for any single parent.
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