auto financing

Auto financing is the process of borrowing money to purchase a vehicle. When you buy a car, you can either pay for it in full or take out a loan to cover part or all of the cost. Lenders, such as banks or credit unions, provide these loans, and you repay them over time with interest. Financing options include traditional loans, leases, or dealer financing. It’s important to consider interest rates, loan terms, and your budget before committing, as these factors can affect your overall cost and monthly payments.