Lesson 6 - 7 Hidden Cost of Auto Loans

Explains the financial land mines buried in auto dealer financing offers.

So, you’re interested – make that, excited – by a car dealer’s 0% financing offer? Don’t be. Fewer than 10% of buyers qualify for the 0% or low interest rate offers. And you’ll probably save more money getting pre-approved at a credit union. This lesson explains the seven costs of an auto loan that can be hidden in the small print. Caution!

Related links:
CBS News 7 Hidden Costs of an Auto Loan.
http://www.cbsnews.com/media/7-hidden-costs-of-taking-out-an-auto-loan/

The Hidden Costs of Buying a Car.
https://money.usnews.com/money/personal-finance/articles/2014/02/13/the-hidden-costs-of-buying-a-car