• Principal – the amount you need to borrow (car price, registration, taxes)
• Interest – the amount you will pay the bank for borrowing from them
• Payments – the amount you pay each month on the loan
• Term – the number of months you’ll make payments to the bank
• APR – the amount you’ll pay each year in interest
• Blue book – The guidelines used to determine the value of a car
• Money back – the money the bank will you give you back if you get a vehicle from them
If you still have questions, come see us at our Fife dealership. When you’re ready, allow us to finance your next vehicle.
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Finance