A simple-interest car loan is a common way to borrow money to buy a car. What’s great about simple-interest auto loans is that you can save money with this loan structure when you’re buying a vehicle.

Discover the best auto loan for you. Compare secured, unsecured, simple interest, and specialized loans to make informed financial decisions.

Lenders charge interest in two main ways — simple or on an amortization schedule. In an amortizing loan, the part of your payment that goes toward interest decreases over time and the part that goes ...

When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, ...

Before you borrow, it helps to understand the biggest factors that determine what rate you’ll pay. Here are key things you ...

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 ...