answersLogoWhite

0

No, not all car loans are simple interest. Some car loans may have compound interest or other types of interest structures.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Will interest go higher for car loans?

No it's not like that the interest would go higher for car loans it all depends on your credit records, but there are many online sources who provide car loans with low interest rates try to contact them and get your problem resolved.


Is the interest on used car loans higher than the interest on new car loans?

The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house


What is the interest rate for car loans?

46


What are good interest rates for bank loans in 2013?

What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.


Do used car loans have high interest rates?

Whether your used car loan has a high interest rate depends on who you talk to or ask. Although, yes, used car loans have medium to high interest rates.


Car loans tax deduction?

No. No personal loan interest.


What is the average interest rate on car loans?

The average interest rate for car loans is between 4 and 4.5% for the last few months. A car loan for 3 years is slightly cheaper than the car loan for a longer term.


Finding Low Interest Auto Loans?

When you are looking for low interest auto loans, the first place to check is the internet. A simple search for low interest car loans can lead you to online lenders, local banks, and give you a sense of which banks in your area are offering the best rates. The next place to turn is your bank or credit union. Start by checking the website for the bank where you have an account. Finally, don't rule out talking with the car dealerships when you are looking for a loan as many dealerships offer auto loans with low interest rates when you buy your vehicle with them.


Is there a legal limit on interest rates for car loans?

There is in some states.


When a car is repossessed does the borrower receive high interest rates on loans?

no


What are car title loans?

Car title loans are short-term, high-interest loans where borrowers use their vehicle's title as collateral. The lender holds the title until the loan is repaid. Borrowers can typically access a percentage of their car's value. These loans often have steep interest rates and can lead to repossession if not repaid on time.


How do you get car loans for students?

There are many online source who provide student car loans and also with low interest rates contact them and get your problem resolved.