The Financing

, despite their initially higher price tag, are easier to finance than used ones. Lenders don’t like it when an appraisal is difficult, which is where used cars tend to take the fall. Buying new means that your set of wheels will have an established price which means lower risk to lenders. In turn, what you get is better interest rates and even financial incentives, like rebates that could slice a nice chunk off of your car loan.

If the price difference isn’t wide enough, you might want to consider opting for a new car and avoiding all that burdensome interest a used car might gather.

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