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Car Loan
Wikicars, a place to share your automotive knowledge
Revision as of 20:22, 17 June 2006 by 69.231.179.177 (talk | contribs)
Car loans are agreements to make monthly payments in exchange for the money needed to buy a new or used vehicle. Most loans carry interest, meaning the amount beyond the vehicle's price that the lender charges to provide you the cash; interest is like the price of getting someone else's money. In most loans, the interest is paid back first, before the "principal" -- the price of the vehicle.
For a guide to taking out a car loan, check Wikicars' Car Loan Guide.
