Auto loan interest is the cost of borrowing money to purchase a car. The lender will look at your credit score, debt-to-income ratio and other factors to determine what interest rate it offers. To ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...

One of the essential factors to consider when getting a car loan is how much you can afford to pay. Aside from the principal and interest payments, you will also be responsible for the processing, ...

Buying a vehicle, especially a brand-new model, is one of the biggest financial commitments customers can make today. With the average price of a new vehicle hitting $44,467 in November 2024, auto ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...