What’s the difference between the sticker price and the real cost?
It depends. When buying a car, be aware that the total amount you pay is not the same thing as the purchase price. The sticker price (or principal) is multiplied by the interest rate through the life of the loan. And your financing may assign different interest rates to different cars, depending on their age and condition. In some cases, it may actually cost less to buy a car with a higher sticker price
The moral is, don’t compare sticker prices without understanding how your interest rate will affect them. You may be comparing apples to oranges. Get pre-approved first, and take the time to understand your loan before you shop. Need help? We’re happy to answer questions.