7 hidden costs of taking out an auto loan

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    By Sarita Harbour/GOBankingRates

    Unless you recently won the lottery or you've been budgeting diligently for years, chances are you'll need an auto loan before driving away in your new car. And though know your new car's price, your down payment amount, and what your monthly loan payments should be when you're considering taking out a loan, the less obvious expenses that accompany a car loan might surprise you.

    Understanding hidden fees when you take out an auto loan for your next car will help you identify them, and either avoid or minimize these costs when comparing car loans.

    Here are seven less obvious costs to watch out for when taking out an auto loan.

    This article was originally published by GOBankingRates.