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buying a new car

There are many things to consider before purchasing any car, but buying a new car might spark particular questions. There are pros and cons to buying a new car, just as there are pros and cons to buying used cars.  First off, when purchasing any vehicle, ask yourself “Why am I buying this car?” Is…

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illustration two people buying a car

You’ve done your research and are now ready to purchase your new (or used) vehicle. Now, how do you pay for it? Unless it is an inexpensive used vehicle, most people don’t have the cash to pay for a vehicle, so they have to take out an auto loan. If you’ve never financed a vehicle,…

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old typewriter and word "rejected"

You applied for a loan and your application was denied.  And now, you are left wondering why. Here are six common reasons loan applications get rejected, and steps you can take to make yourself more likely to be approved for your next loan. Your credit score is too low Your credit score, also called a…

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hundreds white cars one red

Did you know you can get credit union financing right at the car dealership? The process is designed so credit union members benefit several ways. First, as a member of a cooperative you reap the benefits of lower rates offered by White Sands FCU. Credit unions have lower loan interest rates than banks. In 2016,…

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used car loan

Ever wonder why the used-car industry is such a big hit? The price tag attached to a used car is usually several thousand dollars less than for new cars. If you buy a new car, it typically depreciates about 20% in value the minute you drive it off the lot. If used is right for…

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