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How does a car loan from the bank work?
Asked by unknown
1 Answers
In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.
How to finance a car?
Asked by unknown
1 Answers
1. Understand your credit score before you go to the dealership. 2. If your credit isn't perfect, get financing quotes before you go. 3. Keep the term as short as you can afford. 4. Put 20 percent down. 5. Pay for taxes, fees, and extras with cash. 6. Gap insurance. 7. When to refinance a car loan.
How does finance work on a car?
Asked by unknown
1 Answers
In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.