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Taking out a loan...
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[quote][i]Originally posted by Ian[/i] The issue here is not bad debt as it isn't a massive amount, I would be more worried about paying huge amounts of front loaded interest and set up charges then needed to settle the debt soon after. Depending how the loan is set up you could potentially pay a few hundred in charges in addition to the loan amount just to borrow for a month. This effectively puts the price of the new car up by that amount which might make a bargain turn in to less of a bargain. [/quote]
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