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Using a personal loan. Personal loans can be used to cover the cost of different financial needs, from medical expenses to the costs of a wedding or debt consolidation and yes, a car purchase ...
You can finance a used car with auto financing, but sometimes a personal loan makes more sense. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
First, let's discuss how an auto loan works. It's a type of personal loan that uses your vehicle as collateral and gives you the money you need to fund your car purchase. It's the ideal solution ...
Purchasing a used car is usually cheaper than buying a new one. If you finance the vehicle, you'll generally pay less per month, and it won't depreciate as quickly as a new car fresh off the ...
Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a ...
A personal loan works a lot like an auto loan. You borrow money from a lender and pay it back in equal payments over a term of up to seven years. However, unlike a car loan, most personal loans ...
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