Car loans: what you need to know
Most of the people can’t pay cash for a vehicle upfront, so whether or not they’re making down payments, they’ll likely be using an auto loan to finance their purchases. The price of the car is not the only cost to be paid, because there are additional costs, such as state taxes and registration fees. The dealership may also charge documentation and transportation fees. Without a down payment, these fees get rolled into the amount of the financing. A car loan, also known as an automobile loan, or auto loan, is a sum of money a consumer borrows in order… Continue reading