An indirect loan is a loan in which the lender does not directly provide the funds to the borrower. Instead, the loan is facilitated through a third-party, such as a dealer or an auto financing company. The third-party then disburses the loan funds to the borrower. The main benefit of an indirect loan is that … Read more
A closed-end lease is a type of auto lease in which the lessee is responsible for any depreciation in value of the vehicle over the term of the lease. This type of lease is often used by businesses, as it allows them to claim a tax deduction for the depreciation of the vehicle. What is … Read more
Dealer financing is when a car dealership offers in-house financing for the purchase of a vehicle. This type of financing is usually offered to customers with less-than-perfect credit who may not be able to qualify for a loan from a traditional lender. The main benefit of dealer financing is that it can be easier to … Read more
