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Chpt 14.6b Shopping for Your First Loan On a Car–Get PreApproved Finding the best Loan and Financial Institution.Imagine your new neighbor comes over one day and knocks on your door. You answer it and he blurts out, "Can I borrow $25,000? I know you've got it and I really need it to buy a car. You can trust me to pay you back!"?In an over-simplified way that's what YOU are to a car lender if you've never made a major purchase on credit before and are looking for a first time car buyer loan. You are an unknown person asking for a large sum of money and there is no way of proving (because you have no lending history) you will pay it back.?Your actual rate will vary depending on your income and credit rating. Read the link below for more on the subject.?Article: Looking A First Time Car Buyer Loan? Times Have Changed and You Can Get Pre-Approved. By Dewey Kearneyintro:The author presents four key points to the first time buyers on how secure a loan.a)b)c)The author believes:a)b)c)My overall impression is that the author…….Body:In this article, the author has relied on these key facts and evidence to make his point. a)b)c)Summary:In summary, what is the three take-aways that you took from this article. a)b)c) ................
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