Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US How does auto financing work? How does an auto loan work? If I am approved for 15k, does that mean I can finance 15k and then interest is applied to my purchase of 15k? OR Is it that my purchase plus its interest at the said rate must total 15k as that is what they will finance me for? I believe it is the first one, so would this scenario work: Loan Approved: 15k Vehicle price $18k Down Payment: $3k I would pay the 15k off in monthly installments with racing the clock on the compounded interest... ?