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OWN
FUNDS
Introduction:
The use of your savings or investments to purchase
the vehicle outright. Thus you own the car from
day one.
How
it works:
A small holding deposit is paid upon order and then
the remaining balance is paid to the dealership
on receipt of your vehicle.
Benefits:
· Outright ownership
· No monthly payments
· No interest charges
Disadvantages:
· Reduces your savings
· Loss of interest on savings or investments
· Full risk taken by owner in terms of depreciation
-Savings must be replenished in order to purchase
next vehicle
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