When you’re searching for an auto loan, it pays to shop around. LendingTree helps you compare auto loan rates and loan terms from multiple lenders. Compare different types of auto loans, including new and used car loans, and auto refinancing options, whether you’re buying from a dealer, or a private seller. Also make sure when you go to purchase a car you are getting it for the best price by purchasing your car at the best time of the year.
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How do auto loans work?
Auto loans are usually simple interest loans, which means that the interest on the loan is determined based only on the principal balance of the loan. Auto financing can be used to purchase cars and other vehicles, such as boats, RVs, motorcycles, and ATVs.