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The wrong auto loan can lead to years of overpaying. Avoid these common financing mistakes to secure a better deal and keep more of your hard-earned money.

With auto loans, one wrong move can leave you paying far more than expected. High interest rates, hidden fees, and bad loan terms can add up quickly, turning what seems like a good deal into a financial burden. Lenders and dealerships often structure loans in ways that benefit them more than the buyer, making it crucial to understand the fine print before signing anything.