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

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

   Now, many auto loan offers are lower or comparable to the rates on home equity products: As of May 2024, new car loan rates (starting as low as 5.64 percent) were averaging several percentage ...

3. Should you use a home equity loan to pay off an auto loan?

   www.aol.com/finance/home-equity-loan-pay-off...

   By comparison, an auto loan provides money for one purpose: to buy a car. Like home equity loans, auto loans have fixed interest rates; however, their loan terms are much shorter, usually lasting ...

4. How to Get the Best Auto Loan Rates as a First-Time Car Buyer

   www.aol.com/best-auto-loan-rates-first-160019538...

   Compare Lenders. When shopping for low auto loan rates, never take the first offer. ... This is because there is no equity in the car. In fact, if you were to wreck or lose the car at a later date ...

5. Title loan - Wikipedia

   en.wikipedia.org/wiki/Title_loan

   A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]

6. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   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 than a loan agreement.

7. Asset-backed security - Wikipedia

   en.wikipedia.org/wiki/Asset-backed_security

   The second-largest subsector in the ABS market is auto loans. Auto finance companies issue securities backed by underlying pools of auto-related loans. Auto ABS are classified into three categories: prime, nonprime, and subprime: Prime auto ABS are collaterized by loans made to borrowers with strong credit histories.