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Automobile Financing For Smart People: Methods For Saving In Your Auto Loan

Automobile Financing For Smart People: Methods For Saving In Your Auto Loan

One of the greatest mistakes people make when purchasing a unique vehicle is forgetting to incorporate the expense of car financing within the price that is total.

The difference between “sticker price” and the dealer’s invoice price (what the dealer paid for the car) is about $1,500 for example, if you’re buying a new Honda Civic. You could save $1,000 or more on the price of the car if you negotiate well.

If you then finance the automobile for four years at 6% with nothing down, you’ll pay over $2,000 in interest. Continue reading Automobile Financing For Smart People: Methods For Saving In Your Auto Loan