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  2. How do title loans work, and are they ever worth the risk? - AOL

    www.aol.com/finance/title-loans-ever-worth-risk...

    To get the title to your vehicle back, the loan must be paid in full, including the steep fees the lender charges for providing the money. ... These fees typically include an average monthly ...

  3. Alternative financial services in the United States - Wikipedia

    en.wikipedia.org/wiki/Alternative_financial...

    For example, a customer could refinance $10,000 worth of auto loan debt at 7 percent interest into a home equity loan at 18 percent interest. Because the auto loan would have to be paid off in 5 years while the home equity loan would have a 20-year repayment plan, the required monthly payments for the customer would be lower even though the ...

  4. Here’s the Average Monthly Auto Loan Payment in Each State

    www.aol.com/average-monthly-auto-loan-payment...

    For example, the study authors pointed out that if you have a car loan balance of $35,000 with more than three years left of a monthly payment of $1,008 at an APR of 11%, you can significantly ...

  5. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Buy Here Pay Here financing accounts for 6% of the total financing market. [5] Car financing options in the United Kingdom similarly include car loans, hire purchase, personal contract hires (car leasing) and Personal Contract Purchases. In 2016, Toyota was found guilty of racist lending practices. [6]

  6. 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 ...

  7. How to get out of a title loan: 5 legal title loan loopholes

    www.aol.com/finance/title-loan-5-legal-title...

    A car title loan is a secured small loan, usually for 25 to 50 percent of your vehicle’s value. These types of loans tend to be much more expensive than conventional personal loan options, even ...

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