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Is it easier to finance a older car or a new one?

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    Is it easier to finance a older car or a new one?

    I was thinking about getting a car. I was really thinking about going through a blank check auto loan type thing. Anyway, is it easier to finance a used car that's a few years old, or a new one?
    Filed 01/31/08
    341 03/10/08:
    Last day for Objections 05/09/2008
    DISCHARGED AND CLOSED 05/12/2008

    #2
    I've always been told that new is usually easier. New cars often offer cash back incentives and lower interest rates, plus the car will probably last longer (meaning you will keep driving it long enough to pay it off). It's just less risk for the finance company.
    Ch. 7 BK Filed 12/30/2008, Discharged 3/30/2009

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      #3
      Interest rates are always higher on used cars. The older the car,the higher the interest rate and the less time you can finance.

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