What fees are involved with a car loan?

There are no fees directly related to vehicle loans.

However, there are titling fees that are introduced depending on how and from whom you purchase the vehicle. As well, you should know that there are taxes, interest payments and more than could be associated with the loan itself.

What are titling charges?

Authorized dealers versus individual sellers carry a titling charge. In some cases, that is paid directly to the notary who is transferring your title and adding a lien holder. In others, you would pay us, or the authorized dealer, as an agent, to accomplish the same thing. We do not charge an additional fee to act as your agent.

These fees can be as little as $5 and up to $100 depending on the type of vehicle and how it needs to be processed.

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