The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...

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 ...

A car is often one of life's biggest expenses, but how much should you actually spend on your vehicle? There's no one-size-fits-all formula, says Patrick Roosenberg, senior director of automotive ...

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, ...

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 ...

The Rule of 78 can be used by lenders to calculate interest that could significantly impact how much you end up paying over the life of a loan. Unlike the standard amortization method, the Rule of 78 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. When taking out a loan, it’s essential ...

You may have seen some posts on social media where buyers are supposedly taking on some bonkers car payments on what should be very affordable rides. Every day, many buyers leave a dealership way over ...

HOUSTON - As tariffs are expected to drive up car prices soon, Ford's CEO says more people will likely take out longer car loans to bring their monthly payments down. In fact, longer car loans, ...

Debt-to-income ratio shows how your debt stacks up against your income. Lenders use DTI to assess your ability to repay a loan. Many, or all, of the products featured on this page are from our ...

Calculating the interest rate on a personal loan can be difficult. Most lenders use simple interest rather than compound interest, though, which makes the job a little easier. To calculate how much ...