| Most of us realize that used cars are
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| | rates charged for older models. Why?
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| usually less expensive than new cars.
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| | The lender assumes more risk with an
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| But we often still shy away from that
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| | older vehicle, and they pass some of that
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| kind of bargain because we may be
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| | risk on to you in the form of a slightly
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| intimidated by just what we may be
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| | higher rate. Does that mean you should
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| buying. Could it be a great deal, or a
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| | only buy newer models? Not necessarily.
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| lemon? And how do you know? Well, there
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| | That newer car will probably cost more,
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| actually is a way to work through the
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| | so even at a lower interest rate your
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| process of buying a great used car if you
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| | payments could be higher than the
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| follow a few simple steps and stick to
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| | payments on a less expensive older model
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| your guns. Would it surprise you that
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| | at a slightly higher interest rate. Of
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| your first stop should be your credit
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| | course, your individual credit-worthiness
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| union? Well, it should be.You need to
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| | will impact the loan rate you are quoted,
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| know how much car you can afford, and
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| | as with any other financial product. Be
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| what the terms will be before you go car
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| | sure you ask, too, if the credit union is
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| shopping. When you talk to your credit
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| | sponsoring a used car sale any time soon.
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| union, make sure you understand the
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| | These events can give you a great place
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| difference in rates, if any, between
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| | to comparison shop for dozens and dozens
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| various car model years. Newer car loans
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| | of vehicles.
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| are generally lower than the interest
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