Finance: Car

The actual amount of money borrowed to cover the car's price.

If a new car is totaled, standard insurance only pays the "market value." Gap insurance covers the difference if you owe more than that value. finance car

Dealers may offer a low monthly payment by stretching the loan to 84 months, which costs you much more in the long run. The actual amount of money borrowed to cover the car's price

The dealer handles the paperwork. While convenient, they often add a markup to the interest rate provided by their lenders. finance car

Walking into a dealership without a pre-approved rate from a bank gives the dealer all the leverage in negotiations. How much do you plan to put down as a down payment ?