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If you have to get a car loan, make sure you get the best deal you can, and avoid high-interest traps. Here are three of the worst – and the best – options for financing a car. Bad Idea: Financing a Car With a Five-Year Loan
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It may or may not be a good idea. With all types of loans, whether for a house, car, or college education, you have to consider the tradeoff between three key things: how long you will be paying off the loan. how much each payment will be.
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