Beware Dealer Financing

October 25th, 2009 by admin

The first offer a dealer will make to you, once you decide on the car you are going to purchase, is to set up a loan through them to pay for the car. Before you agree to anything having to do with dealer Car Loans for your new vehicle, beware! Often times the dealer will give you a great deal on a car, and then make up for it by fleecing you when it comes to financing terms. Always compare the APR of loans you are considering to determine your best deal. If the dealer offers you an APR higher than you could get at your bank or a finance company, tell him thanks, but no thanks.

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