Used car loans can be wretched
things, often with interest rates so
high that they equate to nothing
more than legal usury. That's
in part because used car dealers
earn less than you probably realize
on the selling price of the vehicle,
and try to get it back in the
financing.
I'm doing my share to change all
that. On this page are some
reputable online lenders that offer
used car loans. By applying
online you'll know exactly what
interest rate you'll qualify for,
and you'll be able to negotiate with
a dealer or private party as though
you were paying cash. There's
nothing quite like cost certainty,
and it's about darned time that it
has come to the used vehicle
financing market!
For someone as thrifty as I, buying a
used car makes so much sense that I
can't understand why anyone would
buy new. The instant
depreciation of a vehicle the second
you've driven it home is typically
thousands of dollars ~ which by no
coincidence is about what a new car
dealer banks at your expense.
I've always advised buying a good
used car, and nowadays also
recommend getting a used car loan
ahead of time from an online lender.
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