What is a precomputed interest car loan?
Precomputed interest is front-loaded at the beginning of the loan.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
Precomputed interest is front-loaded at the beginning of the loan.
Prices vary among car lots. Learn what influences price tags beyond the MSRP.
Compare the most common small business loans to find financing for your business.
Holiday loans let you stretch your gift-buying budget, but that doesn’t mean they’re a good idea.
Learn how to spot a yo-yo scam — and how to stop one before you set foot on a car lot.
It doesn’t take long at all to complete an application or receive your loan.
Down payments are required for some business loans, but not all. Here are the business loans that do and don’t require down payments.