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Used Car Interest Rates: Why Are They Higher Than New Cars?

Used Car Interest Rates: Why Are They Higher Than New Cars?

When people think of purchasing a used car, they assume they will be saving money, but interest rates can complicate matters. A new car can be financed with no money down and anywhere from 0-2 percent interest, while a used car will usually be financed with 6-7 percent, resulting in a used car possibly costing more per month than a […]

by January 15, 2015 0 comments Auto