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I think this question is relevant since this is about how much down payment you would make or whether or not to take out a loan at all to begin with. I just am curious what other "costs" are associated to have a car loan (I have never had one throughout my life). Here are the items I think I know from talking with some other people or reading posts in multiple threads of this forum.
- Loan application fee(s)
- Liability insurance (is this an additional charge to your insurance premium?)
- Transaction fee(s) - does monthly payment automatically taken out from your account or do you need to pay some kind of transaction fee(s) to make each payment?
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