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  2. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased. Legally, an indirect “loan” is not technically a loan; when a car buyer obtains financing facilitated by a dealership, the buyer and dealer sign a Retail Installment Sales Contract rather ...

  3. Secured loan - Wikipedia

    en.wikipedia.org/wiki/Secured_loan

    A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may ...

  4. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    Borrowing against your 401(k) to purchase a car can be tempting, especially if you don’t have other savings. While no laws specifically prohibit using a 401(k) loan to buy a car, there are ...

  5. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc. This particular ...

  6. When buying, borrowing or stealing a car isn't an option - AOL

    www.aol.com/news/2008-09-11-when-buying...

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  7. Financing cost - Wikipedia

    en.wikipedia.org/wiki/Financing_cost

    Financing cost (FC), also known as the cost of finances (COF), is the cost, interest, and other charges involved in the borrowing of money to build or purchase assets.This can range from the cost it takes to finance a mortgage on a house, to finance a car loan through a bank, or to finance a student loan.

  8. Should I use a home equity loan to buy a car? - AOL

    www.aol.com/finance/home-equity-loan-buy-car...

    A home equity loan allows you to borrow money against the ownership stake you’ve built up in your home. Sometimes called a “second mortgage,” it uses your property as collateral for the ...

  9. Collateral (finance) - Wikipedia

    en.wikipedia.org/wiki/Collateral_(finance)

    In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [1] [2] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending ...