the Cost of Auto Loans

I fininced a Lincoln LS. I had to pay taxes on the purchase price as well as a 18 dollar title fee. With a trade in and internet pricing I was left with about $8300 to pay over 55 months at $240 per month. The dealer did ask for an additional down payment but with the trade I said that should be enou

I was happy with the service. It was prompt and courteous and even went through on the weekend. The dealership offered to let me use their finiance company whose rate was similar to my bank. Even in working to establish credit in my name they were helpful.With a trade in and internet pricing I was left with about $8300 to pay over 55 months at $240 per month. The dealer did ask for an additional down payment but with the trade I said that should be enough, don't let dearlers pressure for cash on the spot.

Use the internet to find the car you want to look at, most of the time they have a special price listed and it keeps you from hagling to much. Also, check the blue book value of your car and the car you want to purchase before doing the loan, know your numbers so you don't get ripped off. Also, ask how much you will actually pay over the term of the loan, for example, I owe $8300 but will actually pay $13,000 over the 55 month term.