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Old 08-16-2005, 01:49 PM
cadillac1234 cadillac1234 is offline
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Join Date: Jul 2005
Posts: 330
Default Re: car financing, used vs new (advice wanted)

Look at new car financing via the dealer and compare it to used car financing payment-wise. I've found the dealer financing via manufacture to usually be the best but there are so many options out there it pays to look around. Be careful of dealer's brokering out third party financing as they will more than likely screw you on the interest rate.

A lot of times your only talking $40-$50/month new versus used plus you'll be getting a warranty versus possibly buying someone else's problem. If your lucky you may be able to find a couple month old certified used which mayactually come with better financing/warranty options.

Make sure you look at kbb.com for invoice pricing and blue book values. Getting internet pricing and dealing with fleet managers helps if you know exactly what kind of car you want and options. The managers are more interested in reducing inventories this time of year than trying to jam you for an extra 2% although they'll still try....
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