: A larger down payment reduces the total amount borrowed and can often help secure a lower interest rate. 3. Depreciation: The Silent Expense
: While longer loans (e.g., 84 months) lower monthly payments, they significantly increase the total interest paid. cost of buying a car
: These include documentation fees for paperwork, destination fees for delivery, and dealer preparation charges. 2. Financing and Interest : A larger down payment reduces the total
: Paid to the state for license plates and legal ownership documentation. 84 months) lower monthly payments
Financing makes a car more expensive over time due to the cost of borrowing.