An auto loan allows someone to borrow money to purchase a car or truck.Auto loans are usually simple-interest loans that are to be paid back over a period of typically three or five years.
The Car Allowance Rebate System (CARS), also known as "cash for clunkers," was a U.S.federal government funded program that provided economic incentives for people to purchase a more fuel-efficient car when trading in their old, less fuel-efficient car.
A car title loan is a short-term loan where a borrower uses the title of his or her car as collateral for the loan. Loans for car title loans are usually for less than 30 days and change a high rate of interest.
Money factor represents the interest you pay when you lease a car.It is included in your monthly lease payment.