Auto loans are a type of secured loan used to finance the purchase of a vehicle, where the vehicle itself serves as collateral. These loans allow individuals to buy a car, whether new or used, without having to pay the full amount upfront. Instead, borrowers make monthly payments over a specified period, which typically ranges from three to seven years. The structure of an auto loan i... https://www.reddit.com/r/financeonloans/
Financeonloans
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