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  2. Ready for a New Car? Here's How Much Money Good Credit Can ...

    www.aol.com/ready-car-heres-much-money-100018006...

    Over the course of a 60-month loan, the person with good credit will pay around $5,600 in total interest, while the person with poor credit will fork over a whopping $17,300 in interest fees. That ...

  3. How to save for a car: A step-by-step guide - AOL

    www.aol.com/finance/save-car-step-step-guide...

    2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment.This amount will depend on your unique financial situation and the kind of car ...

  4. Amortization calculator - Wikipedia

    en.wikipedia.org/wiki/Amortization_calculator

    An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

  5. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    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 ...

  6. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    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 than a loan agreement. The dealer then typically sells or assigns that contract to a bank, credit union, or other financial institution.

  7. Electronic bill payment - Wikipedia

    en.wikipedia.org/wiki/Electronic_bill_payment

    Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.

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