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Financing a used car from a private seller. Financing a used car from a private seller involves securing a loan from a bank, credit union or online lender to purchase a vehicle directly from an ...
There are plenty of good reasons to purchase a used car, truck, or SUV instead of buying a new vehicle.Chief among them is being able to avoid the dreaded D-word—depreciation—but you can also ...
Even though it's possible to finance a used car for up to 85 months, how long you can finance a used car depends on what you can afford and the loan's terms.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment.This amount will depend on your unique financial situation and the kind of car ...
Used-Car Rates. Borrowing money to finance a pre-owned car may cost more than a similar loan on a new vehicle. This depends on the age of the vehicle. A car that’s only a year or two old may ...
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