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How Do Car Loans Work? - SuperMoney
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How Do Car Loans Work? – Forbes Advis…
WebJan 30, 2024 · A car loan is a legal contract between you and a lender, like a bank or credit union. Most auto loans are secured, using your vehicle as collateral. That means if you … WebJan 30, 2024 · Most auto loans are secured, using your vehicle as collateral. That means if you default on your payments, the lender has the legal authority to repossess the vehicle. Under the terms of the... Web1. Check your credit score Before you start, you may want to check your credit score since it’ll factor into what kind of loan terms you can get. 2. Get prequalified Getting prequalified is an optional step, but it gives you an idea of what you can borrow. A prequalification tool can help you get started with just a few basic questions. tipsy\\u0027s warren