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Most car loans require one to pay interest; thus over time one ends up paying more than the price of the car.
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False
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Your car insurance costs will typically be lower once you turn 25.
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False
It is possible to avoid a car payment each month by paying for the car with cash or a personal check when you buy it.
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It is best to decide to purchase the car in the showroom at the dealership.
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Good students who complete driver's education courses can often obtain auto insurance discounts.
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An advantage of a shorter loan is that one will pay less in interest. The disadvantage is that the monthly payment will probably be higher.
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The type of vehicle that is right for you depends on how you plan to use it and how much you can afford to pay.
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Shannon lives in an apartment. She does not own the property, so she does not need to purchase any insurance.
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