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It really makes a difference if you make a down payment and how much of a down payment you make. Or if you have a considerable trade-in. Most of the guys with low payment, even those with low interest rates, were able to make a huge down payment or trade-in. I made a $500 down payment and had a low interest rate. My initial payments were about $550 but I was giving them $700 monthly in payments of $350 every 2 weeks. I refinanced and my percentage rate dropped even lower. My payments dropped to the low $500 range but now I give them $800 monthly in payments of $400 every other week. You can save a considerable amount of money in interest by making your payments every 2 weeks. I heard the savings were around a little less than $2,000 annually.
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