car loan

Another recent example is Trump's suggestion during a speech at the Detroit Economic Club that his administration would make car loan interest fully tax deductible.

His insurance company is willing to cover a portion of the car’s cost, but Wilson still has to pay the remaining $10,000 on his car loan.

However, after embarking on weekend getaways to venues in Florida and Illinois, she quickly paid off her car loan, prompting the 27-year-old to quit her bank job.

It is likely to amount to several thousand pounds, which would let her pay off her car loan, take a "very nice" holiday or perhaps retire, she told the BBC.

As a result, these arrangements created an incentive for brokers to increase how much people were charged for their car loan.