Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
In the long run, you pay more for the car with a longer repayment term. Although you potentially can finance a new car for seven to nine years, you should opt for the car and loan that will allow you to pay it off in the shortest period possible, such as two years, recommends CNBC.