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Buy here, pay here? - Beware!

by Tess Vigeland

Dec 23, 2011

If you've ever passed a used car sale and seen phrases such as "No Credit, No Problem," chances are it's offering on-the-spot financing. And it could well be a scam.

Supply is higher than it has been, but new car prices are averaging around $50,000 and interest rates remain elevated. That means many buyers are staying away.

Justin Sullivan/Getty Images

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