A one-time fee charged when a loan is funded, usually 1–6% of the loan amount. Rolled into APR. Watch for “no origination” lender marketing on mower or truck financing — sometimes the fee is just renamed as a documentation or dealer-prep charge.
O
A one-time fee charged when a loan is funded, usually 1–6% of the loan amount. Rolled into APR. Watch for “no origination” lender marketing on mower or truck financing — sometimes the fee is just renamed as a documentation or dealer-prep charge.