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It's best to make sure you have financing before you buy a car. If you plan on getting financing from somewhere other then the dealership, and you have a set amount you can spend, you won't let yourself get into a car that you can't afford and you may be able to haggle the price with the dealership more.

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Q: What are the chances that after trading in a vehicle for a new one you would have to give the new car back because financing fell through?
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