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The finance options with the lowest total financed cost typically include low-interest loans, such as those offered by credit unions or community banks, as they often provide lower rates than larger financial institutions. Additionally, options like 0% APR financing for a limited period can minimize total costs, as long as the balance is paid off before the promotional period ends. Using a home equity line of credit (HELOC) can also be cost-effective for larger amounts, given its generally lower interest rates compared to personal loans or credit cards. Lastly, paying cash or using savings avoids interest altogether, resulting in the lowest total financed cost.

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3mo ago

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