>>1786654hey mr no bike. Did you fail algebra 2? or do you not know how to type in car loan calculator?
>>1786655Car loans are amoritized like mortgages you just pay an extra payment in the first year. They used to give you a big APR break on 48 vs 60 month lease but they don't anymore. They used to give you a big APR break on putting $ down nowadays it doesn't help you at all to put $ down with the two major lenders I got the best quotes with last bite at the apple.
And if you want the 48 month lease it's 390 vs 325.
>>1786660>Banks do in fact loan money specifically for cars, either through a dealer or a private seller, because who has this much money just sitting in their bank accounts?In the USA it is standard that to get a loan through a bank or credit union you need to buy a car less than 10 years old and less than $100,000 miles and from someone who is a licensed dealer.
A bank will, OF COURSE make a personal loan so you can buy a car from a private seller. But it isn't going to be a specific car loan. It's just going to be a personal, unsecured (secured is putting the item down as collateral) so instead of 2.9% you'll pay around 8-15%.
