Three numbers decide what a car really costs you: the APR, the term and the down payment.
APR
A 2% difference on a $30,000 loan over 60 months is about $1,600.
Term
Longer terms lower the monthly payment but increase total interest.
Aim for a term no longer than you plan to keep the car.
Down payment
Putting 10–20% down helps you avoid owing more than the car is worth.
Written by
Omnira Motors team
Sales, finance and service experts sharing what 22 years in the trade have taught us.
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