Can car dealers add a broker's fee to the auto loans they give out?
I know car dealers tend to pile on fees when you're buying from them, but do these include a broker's fee for loans?
A dealer can add many fees to the final cost of a vehicle, though a good portion of them are negotiable. The destination fee, the fees for title, tag, and registration, the documentation fee, and a vehicle inspection fee should be expected and considered mandatory. Nearly any other fee is negotiable and should be contested.
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.
Read advice from car experts at Jerry
Browse by topics
What others are asking
What kind of policy do I need for my car now that I run a small business?
I recently opened a small catering business in Wisconsin and I use my car on the job. Can I still use my personal policy? Or do I need a different type of insurance?
May 31, 2021
How does insurance coverage differ for rental vehicles vs. owned and leased vehicles?
Nov 08, 2020
Will my insurance rates go up if someone else gets into an at-fault accident while driving my car?
My friend hit another car when I let him borrow my SUV. I wasn't involved in this crash at all, so I'm hoping I won't be penalized.
Apr 12, 2021