article thumbnail

Decoding Car Finance – Understanding Your Options

Shawn Ryder

Some common fees include origination fees, prepayment penalties, and late payment fees. Additional Fees and Charges When obtaining car finance, it is vital to consider additional fees and charges that may be included in your loan agreement. These extra costs can significantly impact the total amount you repay over the life of the loan.

Finance 52
article thumbnail

How to be Sure You’re Presenting Auto Loan Terms That Are Right for Your Customers

AutoRaptor

These fees can include application fees, origination fees, and prepayment penalties, which may offset the savings gained from refinancing. One common pitfall to consider is the possibility of incurring fees associated with the refinancing process.

Term 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Can I Get In-House Financing On Used Cars?

Carcloud Auto Group

Are there any prepayment penalties or fees for paying off the loan early? Questions to ask before choosing in-house financing Before committing to in-house financing, it’s important to ask the right questions to ensure it’s the right choice for you. Consider asking the following: 1.

Finance 52
article thumbnail

Can I Get In-House Financing On Used Cars?

Carcloud Auto Group

Are there any prepayment penalties or fees for paying off the loan early? Questions to ask before choosing in-house financing Before committing to in-house financing, it’s important to ask the right questions to ensure it’s the right choice for you. Consider asking the following: 1.

Finance 52