What is an auto loan APR?

Answer The annual percentage rate, or APR, of a car loan is the amount of interest you pay over the life of the loan. This rate is assigned to the loan based on the loan amount, loan terms and your credit... Read More »

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Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »

Home Equity Loan Vs. Auto Loan?

Homeowners have loan options when they want to purchase a car. For example, they may acquire an auto loan or use a home equity loan. However, it's best to weigh the benefits and drawbacks of each o... Read More »

What Are the Benefits of an Auto Loan?

Laying out a large sum of cash to purchase a car outright can place a huge burden on your checking or savings account. An auto loan will give you the advantage of buying a vehicle with monthly paym... Read More »

What is an auto title loan?

A car title loan is a bank loan in which an automobile is put up for collateral. Typically the loan amount is between 30 and 50 percent of the value of the car. If the loan defaults, the bank can s... Read More »