When applying for a car loan, remember that additional costs may be included, affecting the total loan amount. Here are some costs to look out for.
1. Processing Fees: Some lenders charge fees to process the loan application, which could add to your loan total.
2. Prepayment Penalties: While paying off your loan early can save you on interest, some lenders charge penalties for early repayment.
3. Sales Tax and Registration Fees: These costs are often rolled into your loan, so it’s important to ask your lender about these additional fees.
https://www.locardeals.com/best-project-cars/
Like
Comment
Share
