CHICAGO (WLS) -- Here's an ABC7 I-Team quick tip on surprise car costs and paying too much interest over time.
A new survey from auto refinance platform Caribou says fewer than half of borrowers know their annual percentage rate, and only one in four know how much interest they are paying over the life of the loan.
If your credit score or financial situation has improved, you may now qualify for a lower interest rate and lower payments.
Also, watch for surprise costs, which experts say take two-thirds of drivers off guard.Tires, batteries, and repairs can add up quickly.