A good way to approach a car loan is to total cost focus on the

i.e. the final price, the total number of payments and the interest you will pay

That way, you can compare between equivalents when searching for the car you want

You May pay more in other ways (for example, with a longer loan term).

Credit Carmar's online auto loan calculator can help you determine what kind of car you can afford

When choosing a car loan, that same person can choose from a variety of financing options offered by the dealer.

Although getting financing can be convenient,

you may pay a higher interest rate than if you go to a lender directly for a loan

This is because the dealer may add a finance charge on top of your loan interest rate