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The lower the rate the better the deal, right? Not always. There are other things to consider when looking at getting financing for a car. The length of the term is important to consider, a higher rate over a shorter time can save you money. Make sure you know how much of your loan payments are going towards the principle, and how much is going towards the interest. The more you pay on the car itself, the less you pay out in the long run.

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Q: What are some of the best borrowing rates for purchasing a car?
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