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25: Should You Finance or Lease a Vehicle?

Money Feels

CHAPTER

The Difference Between Owning and Financing a Used Car

Interest rates for used cars right now are like 9% to 12%. And I don't know what new cars are at. They're probably a little bit lower. But it's crazy. So that's why I don't have a nice fancy car because I don't want to pay 8% for it. Well, I'm curious if you still feel this way, given what interest rates are right now.

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