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 provided by
Answered on Mar 18, 2021
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.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Should I file a car insurance claim after being ticketed for an accident?
I got in a small fender bender that caused $3,000 in damages that I'm at fault for. I also got a ticket. Should I file a claim or pay out of pocket? I'm leaning toward the latter because I don't want my insurance to become too expensive.
Apr 19, 2021
Where can I find cheap auto insurance for a driver under 25 in Los Angeles?
I want to get my own insurance policy. I'm 23 years old and I live in Los Angeles. Where can I find cheap auto insurance?
Apr 23, 2021
How can my auto insurance carrier change my rate after the policy started?
I started my policy with Allstate a month ago. The price was great at first, but I just got an email saying my rate is going up $450 due to a ticket they found on my record. That was from two years ago. Why didn't they tell me about this earlier?
May 06, 2021