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Go Online
to Get Your Used
Auto Loan
Most people do
not need a new car. Unless you have tons
of money to waste you realize that the
smarter investment is in the used car
market. Let someone else pay the
depreciation that all new cars go
through that first year, and you take
the deal when they are done with it.
Perfect
example – Betty and her husband go to by
a minivan with TV, bucket seats, power
doors, etc. They pay $28,000 for the car
and drive it off the lot. They have that
car for almost a year and decide that
they want to get a different car. They
sell it and move on. Along comes Susan
and her husband and they are looking for
a minivan – they find Betty’s old
minivan and it looks like new. They
purchase it for $16,500 and drive it off
the lot. Who was the wiser purchaser?
But sometimes
the car dealerships don’t want to give
you a great deal on the auto loan for
the used car. Sometimes they try and
make it seem more difficult because they
want you to get the new car – it has a
higher markup. But there are plenty of
places you can go before you head to
that lot - credit unions or online car
loan companies – to get that used car
loan.
Online auto
loans are a great way to go shopping for
a loan. You can put in your information
and get a quote online. This lets you
compare and contrast their terms to see
which one is a better fit for you and
your budget – and you only have to talk
to the ones that you are interested in
if you want more information.
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