A variable interest rate is one that changes over time based on the current rate index.

You're considered upside down (or sometimes “underwater) if you owe more on your vehicle loan than your vehicle is worth.

Usury laws set forth regulations that govern how much interest can be charged on a loan.

The term is the length of the auto loan, and is often referred to in months. For example, a two-year term is 24 months, a four-year term is 48 months, etc. and so forth.

Depending on the dealership and your vehicle's condition, when you trade in your current vehicle, you could get compensation to put toward your next vehicle purchase. A trade-in value will be eva [..]

Unlike secured loans, which require collateral, an unsecured loan requires no collateral and is based entirely on the creditworthiness of the borrower; thus, unsecured loans often are considered riski [..]

A secured loan is one that is backed by collateral, such as a vehicle. Typically, auto loans are secured loans because the vehicle acts as collateral—meaning if you break the terms and conditions of y [..]

Your remaining term is how much time you have left to pay off your existing car loan.

A rebate is a selling tool manufacturers use to attract car buyers. If a vehicle comes with a rebate, it means you get a partial refund on a new or used car purchase.

Refinancing means you decide to finance your car loan again, but with a different lender. Basically, the auto refinance loan is used to pay off the balance on your existing car loan. Some perks to ref [..]