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  2. Car buyers and credit: What auto financing means for credit ...

    www.aol.com/car-buyers-credit-auto-financing...

    Car loans are one of the most common types of debt among consumers in 21st century America. While auto loans are not as common as credit cards, the majority of Americans (62%) have an auto loan in ...

  3. This Is How Much Interest You’ll Pay on Your Car Loan - AOL

    www.aol.com/much-interest-ll-pay-car-120022027.html

    Buying a car is a major financial commitment, and for most people, it involves taking out a loan. Along with the loan comes interest, which is the cost of borrowing money from a lender. Read Next:...

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

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

    The average auto loan rate for someone with excellent credit is 5.25%, according to CNN. If your credit is less than perfect or if you’re buying a used car, expect that rate to be much higher.

  5. How to calculate interest on a car loan - AOL

    www.aol.com/finance/calculate-interest-car-loan...

    Auto loan interest is the cost of borrowing money to purchase a car. The lender will look at your credit score, debt-to-income ratio and other factors to determine what interest rate it offers. To ...

  6. Buy here, pay here - Wikipedia

    en.wikipedia.org/wiki/Buy_here,_pay_here

    In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]

  7. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".

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