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Acquiring a Vehicle

Laws of Ownership and Financing a Vehicle

chernavia thomas

on 29 March 2010

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Transcript of Acquiring a Vehicle

Laws of Ownership The law that applies to these purchases comes from several different sources. When buying a car for personal, family, or household purposes,both federal and state consumer protection laws may also apply. Financing a vehicle The first steps in buying a car is to decide how much you can afford to pay. Finance charge is the cost
of the loan in dolars and cents, and
the annual percentage rate is
the true interest rate of a loan.
Before signing a document, you should do the follow: - The exact price you're paying for the vehicle, charge, the APR, the number and amount of payments, total sales price( sum of the monthly payments plys thedown payment) Fedral Trade commisssion regulation gives sonsumers protection when they buy vechicles on cr3edit.
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