I need to know all about car financing. Say for example my first car is a Corolla and the MSRP is 15,000. After I get all the additions and things how much will I end up really spending? I don't know how the taxes and payments work. Can someone explain?
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If the car is $15,000 and assuming you are at a 7.75% tax rate for your county, then after tax, lic, title, smog fees, tire fees, and document fees you should be really close to $16,411. If you financed that at 5.99% for 60months your payment should be around $318.00 with no money down. -
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