7. Always go for the Shortest Loan you Can Afford
Be especially careful if a loaner offers you a car loan at an amount that is far better than other lenders. Sometimes, they attract prospective buyers with rates to convince them to sign a contract and purchase a car but for a longer period of time, but the total expenses end up being larger than those of a shorter loan, at around 48 months. Read all agreements and fine prints carefully to make sure that these interest rates are not conditional upon acceptance.
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