lower APR but higher payments

[newhis]

I'm a complete newbie about buying a car. I'm reading all I can in the forum. Maybe I'm missing something or the dealer is doing something wrong or including other charges.

My DW got approved for 24K loan % 2.15% from a CU, payments $422 a month, 60 months.

The car is $29,500 +TTL.

The car dealer say payments are $549, 60 months and APR is 1.9%

If I use an auto-loan calculator it say that the payments for $29,500 @ 1.9% and 60 months should be $516.

For a payment of $549 a month, the loan should be $31,400 or so.

Usually car dealers include TTL with the car payments? I don't know how much is the tax, title and license. Do $1,900 sound right? 

[EddieK]

Yes, $1900 sounds about right.  Looks to be around 6% tax and then the tag/title fees.

[newhis]

Thank you. I didn't know they include the TTL fees with the payments. This is my first car in the USA. My guess was that I need to pay the TTL up front.

[EddieK]

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@newhis wrote:

Thank you. I didn't know they include the TTL fees with the payments. This is my first car in the USA. My guess was that I need to pay the TTL up front.

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Not a problem, glad I could help.  Yes, it's commonly referred to as the out-the-door price, which is the amount you financed, not including any downpayment you make, if one at all.