Down payment
This is the cash-on-hand you’ll be paying toward the purchase price of the car. Larger down payments can help you avoid longer and more costly payoff schedules. And with more cash down, you'll save on interest payments over the life of the loan.
APR
The annual percentage rate for the loan usually contains lender fees and interest you’ll pay for borrowing the money from the bank or lender.
Term of the loan
It’s best to aim for an aggressive payoff schedule to keep up with depreciation. Try to pay off new cars in 60 months and do your best to aim around 36 months for used cars.
Taxes and dealer fees
Dealer fees and transferring costs are expenses the dealer incurs for marketing the car and transporting the vehicle from auction or other locations. These costs vary by dealership and may be negotiable.
Taxes, state and local registration fees are not going to be negotiable. Together, these costs can add up to about 10 percent of the total cost of your car.