Buying a new car is an exciting time! You found the perfect car â sunroof, leather seats, navigation system â the works. You couldnât be happier. ThenâĤyou sit down with the finance person at the dealership, and all that excitement that filled you suddenly starts fleeing from your body. Loan terms and jargon start [...]
Long-term auto loans are just one method finance companies and auto dealerships use to lower your monthly payments. Typically, the longer the term, the lower your monthly payments. Unfortunately, an 84 month auto loan ties you to a single car for at least seven years, and costs far more than you would have otherwise [...]
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