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Joined 11 months ago
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Cake day: October 26th, 2023

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  • Thinking about the cost of something in terms of monthly payments is not a very good way to think about it. Framing it in those terms is often used to take advantage of consumers. The monthly cost is a function of the three things, all of which are what you really need to understand to compare to other options and understand the true cost:

    • The total cost
    • The down payment
    • The interest rate

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