Buying a car can leave you feeling like auto dealers are speaking a whole new language when they talk about things like a down payment, depreciation, direct lending or dealer financing. Follow this map to understand these terms and learn how financing a car can impact your budget.
Buying a car? Here are the key terms to know about auto loans
Dealers may also offer you back-end products like extended warranties, tire packages or roadside assistance. Remember that if you decide to add products like these to your car purchase, their price will be financed into your loan, increasing your total cost, monthly payment and total interest paid.