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Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. [1] [2] [3] It aggregates new, used, and certified second-hand cars from dealers and private sellers. [4] The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [5]
Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2] There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly.
How the Fed affects auto loans. The Federal Open Market Committee sets the benchmark federal funds rate, which has a domino effect on auto loan rates.. How to save money regardless of the fed rate ...
To illustrate how these loans work, assume you own a car worth $5,000, and you find yourself in an emergency and need $1,000. A title loan lets you borrow against your vehicle so you can get the ...
5. Personal lines of credit. If you don’t need all your funds now or don’t know how much to borrow, a personal line of credit may be a good alternative to a personal loan. Like credit cards ...
Owner. Thoma Bravo [3] Website. go .trader .ca. Trader Corporation is a Canadian technology company based in Toronto specializing in classified automotive advertising. The company's flagship product is AutoTrader, an online marketplace for buying and selling new and used vehicles. The company is owned by private equity firm Thoma Bravo.
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