Summary
Car buyers often focus on price but overlook the finance desk, where dealers finalize loans and add products. The Car and Driver article explains how the F&I manager presents loan terms, interest rates, and add-ons like extended warranties and GAP insurance. It urges shoppers to secure preapproval from a bank or credit union before visiting a dealership, then compare offers to avoid inflated rates or hidden markups. Buyers should read every contract detail, question fees, and refuse unnecessary extras. Shopping multiple lenders and understanding loan terms helps drivers reduce costs and avoid common dealership financing tactics that increase overall vehicle expenses.
Car And Driver
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