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Guides on car loans, interest, refinancing, and smarter financing decisions.

411 Drives

How does interest work on a car loan?

For a buyer, paying a car loan means repaying the purchase price of the vehicle with interest. Most car loans use simple interest — here's how rates, terms, and APR work.

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411 Drives

Can you refinance your car loan?

Owning a car is a near-necessity—but the buying and loan process can be a headache, especially for those whose credit is in a fragile place. Refinancing can save you thousands.

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