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Learning About the Auto Finance Terms You Hear All the Time

When you are about to purchase a vehicle, you want to make sure that you are doing that in a smart way. It is important for you to understand some of the auto finance terms that will come your way as you work on paying for that vehicle.

A down payment is the amount of money that you will be paying right away for the vehicle that you are purchasing; a loan will take care of the remainder of the cost of the vehicle. Good credit and bad credit refer to your history. 

 

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Pre-Authorize Your Auto Loan and Save Yourself from a Headache

If you are in the market to purchase a new or used vehicle, you would be well advised to make all of your financial arrangements in advance. This involves getting pre-authorization of for your car loan. This will save you all kinds of time and trouble because your wherewithal to afford the car will all be taken care of.

 

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Buying or Leasing? Figure Out the Best Way to Acquire Your New Honda

The models we offer at our Honda showroom are built to last, and offer accessible pricing, to boot. But that doesn’t mean that the question of buying or leasing isn’t on your mind. If you’re stuck trying to figure out which to choose, the answer may depend on your driving needs, and budget. Favor lower payments and don’t mind mileage restrictions? Leasing might be your ticket. For pride of ownership, a loan might be best.

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