How Car Loan Interest Works (The Truth)

Car loan interest is not rocket science, but you do need to understand how it works in order to save yourself from going upside down in every car you own. The math works the same for every fixed installment loan, so pay attention and you’ll know how to easily do the math yourself. I'll explain everything I know about auto loan interest and financing, so you can confidently run the numbers yourself whenever you’re looking for some guidance on what you can really afford.