Khan Academy | Monthly payment versus total cost | Car buying | Financial Literacy | Khan Academy @khanacademy | Uploaded August 2024 | Updated October 2024, 6 days ago.
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khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:car-buying/xa6995ea67a8e9fdd:car-loans/v/monthly-payment-versus-total-cost

Choosing the smallest monthly payment for your car loan might seem like a good deal at first, but it usually means you'll end up paying a lot more in interest over time. Plus, it could put you in a spot where you owe more than what the car is actually worth, making it hard if you want to sell or trade it in later.

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