Are there any hidden fees I should be aware of before taking out a car loan?

I'm trying to budget out the cost of financing a car. What hidden fees should I consider?

Answer
Hidden fees, or ones that people can overlook, may include a prepayment penalty, gap and credit insurance, and an extended car warranty. All of these should be somewhat negotiable and will affect the amount of interest you pay. Gap insurance, credit insurance, and an extended warranty may all be found for less money by shopping around.
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Johnny Puckett
Answered on Mar 18, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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