Compare personal and auto loans for car purchases. Understand their uses, interest rates, and repayment terms to make informed financial decisions.
Borrowers with excellent credit are more likely to get the best interest rates and terms when refinancing an auto loan ...
This is a story about a predatory loan that can ensnare you in a matter of hours and lead to crushing debt — and perhaps ...
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We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Brendan is a full-time senior editor of financial products and services at ...
It’s best to shop around for a loan before heading to a dealer, but credit unions are often the best option for used-car loans as they are nonprofit and typically offer the lowest interest rates.
Banks didn’t make many adjustments in the auto-finance department during the second quarter. The auto-loan portion of the July Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) ...
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Personal Loan vs. Auto Loan: What’s the Difference?
A personal loan puts money into your account, often as quickly as the same business day, for any purpose. An auto loan is different because it’s a secured loan used exclusively for the purchase of a ...
New Orleans-based Crescent Bank has agreed to sell its auto financing division to Arra Finance. The deal, expected to close in the third quarter of 2025, will add Crescent’s $815 million auto loan ...
Buying a car is exciting, but it can also feel overwhelming, especially as you navigate financing. The good news is that there are some simple steps you can take to prepare ahead of time. Dealerships ...
While reiterating that it has finalized its acquisition of the auto finance division of Crescent Bank, Arra Finance also announced this week that it has increased its funding capital sources. With the ...
New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those who applied for auto loans in October 2025, 15.2% — or more than 1 in 10 — ...
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