auto

What is a 36-month new-auto loan?

 

What is a 36-month new-auto loan?

The Bankrate.com financial term of the day is: "36-month new-auto loan."

A new car can be so exciting. It looks so shiny, it gets people's attention, and there's that fabled new-car smell. But before you can enjoy your new ride, you'll probably need financing. You have options, including a 36-month new-auto loan. That's a loan secured by the car, and it's paid off fairly quickly: in three years. 

If you want a new car but don't want a long-term burden from a car payment, you might opt for a 36-month new auto loan.

To shop for a car loan, check the rate tables at the autos section at Bankrate.com.

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