It’s no surprise that car buyers want to save as much money as they can when making a vehicle purchase. After all, the most frequently searched vehicle price range is $5,000 or less. Often, you can take advantage of car dealership specials or purchase pre owned vehicles rather than new models to save some money. Of course, vehicle financing can also help to make payments more feasible. But what exactly determines the amount of interest you’ll pay on your auto loan? Let’s take a closer look at the factors that are typically taken into account.
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