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FINANCING.
Auto financing, also known as car finance, car financing or auto finance, refers to the range of financial products available that allow people to acquire a car with any arrangement other than a full-cash single lump payment (outright payment). ... Auto financing refers to borrowing money to buy a car.
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​A car loan is pretty much what you think it is: It is a personal loan, the proceeds of which are used to purchase an automobile. ... In return, the borrower agrees to pay back the lender the amount of the loan plus interest, usually in monthly payments, until the amount owed is fully paid off.
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