Three Important Factors About Car Loans

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Interest rates on car loans vary daily and vary greatly

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Car loans involve simple interest costs, not compound

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Car loans are amortized

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Three Important Factors About Car Loans

Interest rates on car loans vary daily and vary greatly

Check your current car loan interest rates before entering a showroom.

Car loans involve simple interest costs, not compound

In the case of compound interest, interest accrues over time, so the total amount paid is equal to the snowball.

Car loans are amortized

As with mortgages, interest is charged in advance on early repayments.