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Owning a car is expensive. It doesn’t matter if the car purchased is brand new or pre-owned—the owner is bound to shoulder many costs after he or she drives off the vehicle from the lot. If you are about to buy a car, find out first all the expenses that come with car ownership. Knowing these will help you determine if you can truly afford to make the purchase.
There are at least 3 ways to pay for your next car. One is to buy it in cold cash. By doing so, you don’t have to pay any interest. Another way to finance your car is through leasing. In a car lease, you sign a lease contract that lasts for a short period. You pay only for the value of the car you used up during that period. When the contract expires, you either return the vehicle and walk away or buy it from the lessor. But many car buyers today resort to taking out an auto loan to purchase a car. Auto loan terms are longer than lease terms. You also have to pay the monthly payments at an interest rate. For some car buyers, this is the best way for them to afford a car. So, the rest of this guide will talk about where you can get an auto loan in Portland.
Unscrupulous lenders are notorious in the auto lending industry. Hundreds of car buyers become victims of auto financing scams in a year. Portland is certainly not an exemption. Let us help you be familiar with some of the common tricks abusive auto lenders pull on their victims.
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