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Do your homework for best deal on getting a car

April 30th, 2008 by admin

Q: I am considering the purchase of a new car and I would like suggestions regarding whether it’s better to borrow, lease or simply pay cash for the vehicle. What are the general rules of thumb? — Joe, Santa Barbara

A: As you mentioned in your question, the three options you have when purchasing a car are to pay cash, borrow the funds or lease. At http://www.edmunds.com, calculators are available by going to the site’s directory and then clicking on calculators to help with this decision.
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Courtesy: www.venturacountystar.com

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