Industry Insider – Car Loans: Understanding Your Options
Regardless of whether you are considering a new car or one that is used, it is important that you understand all of the options available when it comes to auto loans. Because a vehicle is one of life’s major purchases, taking the time to research and determine the best loan type for your situation is a vital step in the process of buying a car. The Most Common Types of Automobile Loans Simple interest loans may be the most widely used type of auto loan; this kind of loan has an interest rate that is based on the outstanding balance …