Hints About Buying Cars |
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The most common type of vehicle financing, is "dealership financing." In this arrangement, a buyer and a dealership enter into a contract where the buyer agrees to pay the amount financed, plus an agreed-upon finance charge, over a period of time. The dealership may retain the contract, but usually sells it to an assignee (such as a bank, finance company or credit union), which services the account and collects the payments. You should compare the dealers terms and rates to other loan companies before making your choice. Its your money, so you have the right to choose the best deal for you.
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Sunday, September 5, 2010
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