What is an Interest Rate and How Does it Impact a Car Loan?

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If you are like many of our customers, you are going to be taking out a car loan in order to afford your new or used car. When you take out a car loan, you will need to pay an interest rate on top of that car loan. The interest rate can be very complicated for many of our customers to understand – especially for those customers that are just taking out a loan for the first time. Here’s some more information about interest rates that may help to shed some light on a rather complicated car loan component.

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