Overhaulin'

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Summary: has narrowed, not only because of hikes in new car loan rates but also because of cuts in used-car rates. Now used-car dealers are using the narrowed gap to offer customers special deals. Used Car Dealer, Aarif Fazulbhoy told CNBC-TV18, Today interest rates for used cars are 1.5% to 2% more than new cars but we are sacrificing some commission, to match the new car rates.

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