Below, CNBC Select explains how title loans work, why you should think twice (or more) before taking one out and what you can do instead. A car title loan allows you to borrow 25% to 50% of your ...

Before you enter a showroom, check the current auto loan rates. You might consider getting pre-approval from a bank or credit union before shopping for a car ... Make time to do your homework.

However, this does not influence ... to repay the loan. Basically, here’s how it works: 1. You apply for a car loan. You may apply in person or online, usually at a bank, credit union, online ...

How often do auto loan rates change? When the Federal Reserve changes the federal funds rate, auto loan interest rates usually follow. Fed rate hikes that began in 2022 have pushed car loan ...

Best auto loans and financing of February 2025 Best from a big bank ... could use some work, it might be a good idea to take time to improve your scores before shopping for a car.