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That's why I use a Credit Union and not a bank. But Bank of America is offering 1.79 on used cars currently. The rates on all secured loans are rock bottom these days and will remain there for some time if the Fed acts as expected.
I wouldn't buy used vs new either unless there was a financial benefit for doing so. In my case I saved a substantial amount of money by picking up a car with 900 miles on it. If I could have gotten a new car for the same amount I would have bought a new car instead.
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