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

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

   For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...

3. Is Car Loan Interest Tax Deductible? - AOL

   www.aol.com/car-loan-interest-tax-deductible...

   Car loan interest is tax deductible, but only if you're a business owner or self-employed. ... You cannot deduct the remaining 60%, which is part of the interest expense that represents the ...

4. Negative amortization - Wikipedia

   en.wikipedia.org/wiki/Negative_amortization

   Negative amortization only occurs in loans in which the periodic payment does not cover the amount of interest due for that loan period. The unpaid accrued interest is then capitalized monthly into the outstanding principal balance. The result of this is that the loan balance (or principal) increases by the amount of the unpaid interest on a ...

5. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   A loan of $3000 can be broken into three $1000 payments, and a total interest of $60 into six. During the first month of the loan, the borrower has use of all three $1000 (3/3) amounts. Hence the borrower should pay three of the $10 interest fees. At the end of the month, the borrower pays back one $1000 and the $30 interest.

6. 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".

7. Student Loan Forgiveness Backfires: The $35,000 Debt ... - AOL

   www.aol.com/finance/student-loan-forgiveness...

   In a 6-3 June 30 decision, the Supreme Court struck down President Joe Biden's student loan forgiveness program. And now, as the payment pause end is on the horizon, loan interest will resume on ...