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Friday Flight - Credit Contradictions, Lasagna On Layaway, & No More Bolt #663

How to Money

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How to Get a Good Used Car

Some lenders are offering a new type of auto loan that maybe we should discuss. The average interest rate on a new car, you're getting something close to 8% on the open market and the average rate on a used car is going to be in the 11 to 12% range. And so sure, if you buy an EV, you might score a slightly lower rate, maybe half a point less or something like that. But it doesn't make it that much better. So maybe just avoid all auto loans, even the green ones out there, if at all possible.

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