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Another benefit of paying cash: You can have less insurance on the car.
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It is important to note that the interest rate you receive will depend on the term you select and also on your credit and other factors.
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So, if they invested this money or earned interest on this money, they get to keep any income earned and only have to pay back the initial payments received.
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Often it will come automatically out of your bank account on your next payday.
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If your application is submitted outside of business hours, you will be contacted within 2 business hours of the next business day.
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