Many people focus on getting the lowest monthly rate possible for their car payments. If you do this, though, you may end up paying more in the long-run. Car salespeople will be happy to offer you a lower monthly rate since it means you’ll end up paying more interest over time. If you’re not careful, you could end up paying more than the vehicle is worth. To avoid this, be sure to do the math before you agree on financing terms. Figure out how much interest you’d be paying on the car each month and calculate how this adds up over time. Then, use this information to figure out how much you really should pay each month. When you do this, you’ll ensure that you’re not overpaying for your car.