: This is the most important number. It includes the car's price plus all taxes, registration, and dealership fees .
: A used car that has undergone a rigorous inspection and comes with an extended manufacturer warranty.
: Extras like window tinting or paint protection added by the dealer. These are often highly marked up and can be removed or negotiated. car buying terms
: The upfront cash you pay to reduce the amount you need to borrow. Most experts recommend aiming for about 20% of the sale price.
If you aren't paying cash, these terms will determine your long-term costs. : This is the most important number
: Covers the "gap" between what you owe and what insurance pays if your car is totaled while you have negative equity.
: An optional plan you buy to cover repairs after the factory warranty expires. These are often negotiable or can be bought elsewhere for less. : Extras like window tinting or paint protection
: The total yearly cost of your loan, including interest and fees. A lower APR means you pay less over time.