What is the difference between fixed- and variable-rate auto financing?
What is the difference between fixed- and variable-rate auto financing? Fixed-rate financing means the interest rate on your loan does not change over the life […]
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What is the difference between dealer-arranged and bank financing?
What is the difference between dealer-arranged and bank financing? With dealer-arranged financing, the dealer collects information from you and forwards that information to one or […]
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Where can I get information on auto loan rates?
Where can I get information on auto loan rates? You can shop for auto loans at individual banks, credit unions, or other lenders. You can […]
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What effect will shopping for an auto loan have on my credit?
What effect will shopping for an auto loan have on my credit? Shopping for the best deal on an auto loan will generally have little […]
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How does a lender decide what interest rate to offer me on an auto loan?
How does a lender decide what interest rate to offer me on an auto loan? An auto lender will typically consider several main factors. Your […]
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What is risk-based pricing?
What is risk-based pricing? Risk-based pricing occurs when lenders offer different consumers different interest rates or other loan terms, based on the estimated risk that […]
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What is a loan-to-value ratio in an auto loan?
What is a loan-to-value ratio in an auto loan? A loan-to-value ratio (LTV) is the total dollar value of your loan divided by the actual […]
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What is amortization and how could it affect my auto loan?
What is amortization and how could it affect my auto loan? Amortization describes the process of gradually paying off your auto loan. In an amortizing […]
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How does a down payment affect my auto loan?
How does a down payment affect my auto loan? A down payment is an initial, upfront payment you make towards the total cost of the […]
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How can I find out what my trade-in vehicle is worth?
How can I find out what my trade-in vehicle is worth? You can look up the approximate value using online commercial websites such as the […]
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