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2. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

   www.aol.com/finance/using-401-k-loan-buy...

   The current prime rate as of Nov. 28, 2023 is 8.5 percent — which means your interest rate could range from 9.5 percent to 10.5 percent. ... loan is the most cost-effective way to purchase a car ...

3. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased.

4. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   The total borrowing is the same in both cases, and interest is payable on the entire amount (including the balloon payment on the PCP). At the commencement of the agreement, the balloon payment is planned to be less than the value of the vehicle at the end of the term, creating equity that may be used as a deposit on another vehicle purchase ...

5. Guest drivers and your insurance: Who's protected when ... - AOL

   www.aol.com/finance/auto-insurance-lending-car...

   If someone borrowing your car causes a major accident with injuries, your insurance rates could see a big spike. Plus, if the damages exceed your policy limits, you might face personal liability ...

6. CarMax - Wikipedia

   en.wikipedia.org/wiki/CarMax

   On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and, 10-day money-back guarantee (reduced in 2024 from a 30-day money-back guarantee). [10] [11]

7. When buying, borrowing or stealing a car isn't an option - AOL

   www.aol.com/2008/09/11/when-buying-borrowing-or...

   For premium support please call: 800-290-4726 more ways to reach us

8. 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.

9. When buying, borrowing or stealing a car isn't an option - AOL

   www.aol.com/news/2008-09-11-when-buying...

   So for anyone who is desperate to buy a car but can't, here goes... I had dinner at a restaurant with a relative recently, and when we went out When buying, borrowing or stealing a car isn't an option