What An Auto Loan Is And How It Works
Savings Corner
APRIL 4, 2024
Below is a look at the payments and interest costs for different loan terms: Loan term 36 months 60 months Monthly payment $1,095 $696 Total borrowing costs $3,427 $5,759 Fees The two main fees you may see are the origination fee and the documentation fee. The documentation fee covers the lender’s costs for securing your loan.
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