The term car mortgage is not commonly used by dealerships or lenders. They do offer car financing services that can be called mortgages because of how they work. Understanding what a car mortgage is and is not will shed some light if such a financing option is suitable for you and what are your obligations and contractual rights. Who Owns […]
A car mortgage can be a great way to finance a new car but it is still one out of many financial products for the automotive market. Since there is more than one option to purchase a car, is a car mortgage the right for you? How It Works First of all, it is important to understand how it works. […]
The term car mortgage refers to a very particular type of financial product. Financing institutions may have different names for it but the product itself works the same. The only difference between lenders is the interest rate and the APR. Some may even offer some small bonuses depending on the dealership they work with but this is not something mandatory. […]