What’s in the Fine Print of an Auto Loan?

What’s in the Fine Print of an Auto Loan?
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Anne Johnson
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It’s exciting buying a new car. It’s also laborious. First, you must find the ideal vehicle. Then there’s the negotiation. And, finally, a deal is struck, and the paperwork begins. Part of that paperwork is the financing.

Although each financial institution has its requirements, there are some standard restrictions regarding an auto loan. There are also numerous fees. Most people just sign their name without paying attention to the details. But what’s in the fine print, and what is it costing you?

Changing Interest Rates

Most people know how to compare several financial institutions’ interest rates. You want the lowest possible one to ultimately save money long-term.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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