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Compare auto loan rates. See rates for new and used car loans, and find auto loan refinance rates from lenders.
Purchasing a used car can save you time and money. And while the overall experience of used car shopping is much like new car shopping, there are some key differences.
Auto loans are usually simple interest loans, which means that the interest on the loan is determined based only on the principal balance of the loan. Auto financing can be used to purchase cars and other vehicles, such as boats, RVs, motorcycles, and ATVs.
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The best auto loan for you depends on your priorities, but two common goals are to get the most competitive rate and the lowest monthly payment. That’s why longer-term loans are so popular right now, with more people stretching out new and used car loans over 60 months or more.