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Question
multiple choice question
which of the following is typically not an advantage of borrowing from the dealership to purchase a new car?
high down payment need
dealer takes care of everything
low down payment need
generally lower interest rates than banks.
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Advantages of dealership car loans usually include simplified processing (dealer handles paperwork), low down payment options, and sometimes promotional lower rates than banks. A high down payment requirement is a disadvantage, not an advantage.
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A. High down payment need