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Sep 4th, 2007 by Frank Mangano

Recently Motor Trend working with AutoTrader surveyed new car dealers about how consumers were financing new cars and trucks. The surprise results, which you can find on MotorTrader.com shows that consumers are using all kinds of financial institutions to find funding. Now more than ever consumers are coming to the dealer more prepared and ready to negotiate. We have known for years that about 70% of consumers shop for a new car or new truck online before going to a car dealer. Now this survey shows folks are going to other places like credit unions, using credit cards and home refinance funds to buy a new vehicle. It is always wise to do your homework, and getting multiple quotes for financing your new car or truck makes all the sense in the world.


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