Monthly Payment Is Not the Whole Price: How to Compare Car Deals

Learn how to compare total cost of car loan offers by reviewing APR, term, amount financed, total payments, add-ons, and monthly budget impact.

If you are trying to compare total cost of car loan offers, the smallest monthly payment is not automatically the least expensive deal. Two financing offers can show payments that look almost identical while using different amounts financed, annual percentage rates (APRs), loan terms, fees, and add-ons. For a buyer who is already managing student-loan […]