Quote:
Originally Posted by defragme
Talked to my bank today and she mentioned closing costs for the auto loan, I had another question in my head and put it in the back of my mind. I am calling them again tomorrow, just wondering what is a typical closing cost for an auto loan? Is it percentage based like a home mortgage, or a flat fee?
Cant seem to find much through just a google search.
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Depends what type of Auto loan you have.. 99% of Auto Loans are Open Contracts which allows you to pay early and not have to pay interest on if you paid early. If you are in a Closed Contract (Not many of these anymore) you still have to pay the same interest if you paid off early or paid off entire contract,