8. Look out for add-ons9 of 11Nonprime buyers are more likely to encounter lending contracts stuffed with nonessential goods and services, says Josh Frank, senior researcher for the Center for Responsible Lending in Durham, N.C. Never allow the loan to be contingent on purchasing any add-on, such as extended warranties, after-market services and even insurance, says Frank.<< Back to the '2009 Winter Auto Guide' table of contents Related Articles:10 ways to save on new carGreat deals on orphan models10 cheapest cars to ownTightwad's 10 tips to saveRelated Links:10 biggest gas guzzlersTop 10 fuel misersHow much should you put down?Monthly car payment calculatoradvertisement
Nonprime buyers are more likely to encounter lending contracts stuffed with nonessential goods and services, says Josh Frank, senior researcher for the Center for Responsible Lending in Durham, N.C. Never allow the loan to be contingent on purchasing any add-on, such as extended warranties, after-market services and even insurance, says Frank.
A little research could save you BIG on interest.