Are there application fees for Auto Loans?

Answer:
In most cases whether you borrow money through the

dealer or from a regular bank, expect to pay about $50 to $150 in fees. These fees go toward things like taking your application, preparing documents, running your credit report, or mailing checks.

Many auto loan lenders charge a single “processing” or “origination” fee that covers everything. Since auto loan fees are relatively small, they are not nearly as important as the interest rate when shopping for a loan. Even so, don’t be afraid to question a fee that you do not understand or seems excessive.


	more Q&A sessions like this
	Can I get a personal loan to pay for my car? If I cosign on a Car Loan am I responsible? What is a Car Loan? What is a bad credit car loan? How much will my Auto Loan Payment be? Will my Credit affect my Car Loan? What are the Top Car Loan Companies? How do I allow someone to assume my car loan? What are the different lengths of Car Loans? What is a Cosigner? Where can I find a List of Financial Calculators? Will a Car Dealer help me get a Car Loan? Do I need a Lien Release if a purchased vehicle had a loan? How much will my Lease Payment be for my Car? I don't have a Car Loan, do I have to Purchase Car Insurance? What is Amortization?