What is a new car market adjustment? And do you have to pay it?
These fees can range from a few thousand dollars to tens of thousands of dollars.
Rebecca Betterton is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Rebecca understands the anxiety that comes with heading to a dealership. She is passionate about empowering readers to make informed financial decisions in the showroom through focused advice and guidance. Outside of that, she has spent the last year researching EV financing and trends to make it more accessible for all sorts of drivers.
These fees can range from a few thousand dollars to tens of thousands of dollars.
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Fifth Third Bank offers auto loans for new and used vehicles and auto refinance loans to its members with checking and savings accounts.
With about 1,500 branches across the U.S., Regions Bank offers auto loans to drivers who prefer the convenience of in-person communication while still having the option to access their loan online.
Navy Federal is a financial institution specializing in auto lending and refinancing solutions for members of the armed forces and qualifying relatives.
Find the right auto loan for your life with our list of the best. Secure your loan online, refinance your existing loan, and more with Bankrate's top picks.