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Car Loan Tip No. 57

Auto Loan Rebates

When getting an auto loan, car dealers will try to throw in great rebates. Now, these rebates may sound great but they can actually ‘artificially’ increase the popularity and value of a car and can make the car cost more. And then after a couple of years, when the popularity of the car dies down it will be hard to sell the car for a good price. There are no shortcuts – the best way to know what interest you're paying is still through the annual percentage rate (APR). 

Written by: Anthony Recto

 

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