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Basically the article is saying that when you are buying a car and taking out a loan for the car, be mindful of the additional fees and the tax you have to pay. He says that even though getting a loan to get a brand new car may seem good at the moment, you should keep in mind the tax, overall cost and Depreciation risks. Many people make a mistake of getting a loan to buy a car and have to pay a lot of money in additional interest and fees.
To sum up, be careful when you are buying a car with a loan. Make sure to look at every aspect of price, so you can pay back the loan as soon as you can without burdening yourself
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Jul 14th, 2015
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