vehicle financing

Vehicle financing is a way to purchase a car by borrowing money from a lender, such as a bank or dealership, instead of paying the full amount upfront. You agree to pay back the loan in regular installments over a set period, often with added interest, which is the cost of borrowing. Once you've paid all installments, you own the car outright. Financing allows you to afford a vehicle with smaller payments over time, making it easier to manage budget while driving a new or used car.