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In September 2019, the average amount financed for a new vehicle was $32,928, according to Edmunds data. Let's say John bought a new Honda Pilot for that amount. We'll assume he has solid credit ...

Plug-in hybrid electric vehicles are eligible for up to $1,000 in rebate. Vehicles purchased on or after May 1, 2023, may be eligible for these rebates directly through participating dealerships.

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Using a car loan calculator in conjunction with a car affordability calculator requires entering your financial details such as monthly income, expenses, down payment amount, loan duration, interest rate, and trade-in value. The calculator will provide you with an estimate of your borrowing capacity and a suitable loan amount based on your budget.

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