The Consumer Financial Protection Bureau released an "auto loan shopping sheet" to help consumers evaluate costs when shopping for an auto loan and a step-by-step guide entitled "Take Control of Your Auto Loan" to help consumers navigate the auto lending process.
The sample online worksheet instructs consumers how to determine:
Additionally, the factors that are negotiable are also denoted with a special icon. A consumer can print out this sheet and take it along with them when shopping for an auto loan, to help consumers make an "apples to apples" comparison when shopping for auto loan products.
Access the Know Before You Owe auto loan shopping sheet here.
The Know Before You Owe auto loan initiative can be found here.