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Secured a pre-approved rate from a local Credit Union .

The dealer beat the Credit Union's APR (2.49% vs. 3.04%), saving Alex thousands over the life of the loan. The Pitfall: Avoiding the "Upside Down" Trap loan car

Took that rate to the dealership and let them compete. Secured a pre-approved rate from a local Credit Union

Alex remembered a story from a Facebook forum about a woman stuck with , owing $23,000 on a car only worth $14,000 . To avoid this, Alex chose: 000 . To avoid this