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Chapter 7. Auto Loans > Ways to Keep Costs Down

Ways to Keep Costs Down

If you're convinced that you've got better things to do with your money than spend a fortune on metal, rubber, and a few computer chips, consider the following ways to curb your transportation costs:

Don't walk into a dealership if you still owe money on a car. You might as well just tattoo the word “sucker” on your forehead. Owing money on your trade-in shows you're a financial novice who's easily exploited—plus you'll get stuck with a higher-than-average interest rate on any car you buy.


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