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11 Car Buying Mistakes you Need to Avoid! (Don't Make These Mistakes!)

The Personal Finance Podcast

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The Importance of a Substantial Down Payment

This chapter discusses the significance of making a substantial down payment when buying a car to avoid being underwater in a car loan. It explains the risks of not putting enough money down and the potential consequences if the car is totaled. The chapter also mentions the option of getting gap insurance to cover the depreciation value of the car.

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