How does a shorter car loan term affect the overall loan cost?

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  1. It increases it
  2. It reduces it
  3. It has no effect

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References

  1. CFPB: What can I negotiate? www.consumerfinance.gov/ask-cfpb/what-things-can-i-negotiate-when-shopping-for-a-car-or-auto-loan-en-2132 Checked 2026-10-10.

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