If you do not have much experience with auto loans, then it can be a bit confusing on what you are actually paying for. Basically, when you take out a loan, the lender is allowing you to use their money and in return, you compensate their services by paying interest on the loan. The length of the loan and the interest rate will overall affect how much interest you will end up paying before the end of the loan term. Keep reading below to learn more! Read the rest of this entry
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