result in higher monthly payments but less total interest paid.

: These are often rolled into the loan if not paid upfront.

lower the monthly payment but significantly increase the total cost of the car over time.

: This is the actual amount you borrowed to purchase the vehicle after your down payment and any trade-in value were subtracted from the total price.

When buying a car with monthly payments, the process generally involves financing through a bank, credit union, or the dealership itself.