MOTORCYCLE LOANS
New car is second only to a home as the most expensive purchase
many consumers make. Even if you are buying a used car or
leasing a vehicle, you need to make sure you find the financing
that meets your needs. If you already have your car loan,
you may want to consider refinancing if you feel you can get
a lower rate. It is important that you arrange your financing
prior to negotiating price with a dealership--ideally, before
you even visit a dealership. The financing "arm" of a new
car dealership is a prolific profit center--dealers will often
take smaller profit deals when selling the car (the "front-end"
profit) if they know that they are going to make a nice profit
on the financing of the car (the "back-end" profit). The problem
with this is that it is you run the risk of giving all (or
more) of your purchase savings back when it comes time to
finance the car!
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