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.