Carscoops

OCTOBER 5, 2024

The average price of a new car in America stands at $48,000 this year, but what matters to buyers isn’t the MSRP or transaction price of their new vehicle, it’s the amount of cash that leaves their bank every month to pay for it. Monthly payment $736 $548 Amount financed $40,713 $28,097 APR 7.1 percent APR loans.

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Shawn Ryder

JANUARY 22, 2025

When considering purchasing a used car in Ontario, Canada, one major financial aspect to be aware of is the Annual Percentage Rate (APR) you might encounter when financing your purchase. In Canada, lenders are legally required to disclose the APR, allowing consumers to better compare financing options from various providers.

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Shawn Ryder

JANUARY 18, 2025

Third-Party Lenders: Often, manufacturers will partner with banks and credit unions to provide loan options, utilizing their established procedures for determining interest rates. Down Payment A larger down payment typically reduces the principal amount financed and can influence the interest rate positively.

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Shawn Ryder

JANUARY 20, 2025

Bank or Credit Union Loans: Traditional bank loans often offer competitive interest rates, especially for customers with good credit. This can be convenient, but its important to compare the terms with those offered by banks or credit unions. Gather offers from banks, credit unions, and dealerships.

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Shawn Ryder

JANUARY 25, 2025

Heres what you need to know about the various financing options available: Bank Loans: Often provide competitive interest rates. Credit Union Financing: Credit unions generally offer lower interest rates compared to banks. You’ll typically need to apply for a loan and may need to have an established credit history.

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