You're sitting in the dealership when the salesperson asks, "So, how are you going to finance your new car?"
The question leaves you a little confused. What is he really asking?
In the car business, the term financing is loosely used to mean that the dealership will either provide you with an auto loan to buy the car or lease the car to you. The opposite of "financing a car" would be buying it outright with one cash payment.
Although you can take out a bank loan to finance your car, many people like the convenience of getting a ... Back to article
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