2009 Winter Auto Guide
Keys in the door of a silver car
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9 steps to a car loan on damaged credit

7. Shop loan terms, not monthly payments
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Look for the cheapest money -- the lowest APR over the shortest period. Don't be distracted by promises of a lower monthly payment over a longer period of time, says Van Alst. And if you need an 84-month loan, "you can't afford that car," says Anthony Giorgianni, associate finance editor of the Consumer Reports Money Adviser newsletter.


 

 

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