Pretty interesting article written a couple of years ago about the history of car loans.  According to the author, the article was written so that people could "gain a working knowledge of car loans, so that when you go to get one, you’ll know where they came from, why they were invented, and how all that affects the transaction you’re about to undertake."  This is indeed important.  As car loans have become a staple to the vast majority of those buying new and used vehicles, the tendency is for people to assume that they have always been there.  There are so many moving pieces behind each transaction with o many people vying for their piece of the pie.  Simply put, so much business!  And that is what makes it all so interesting.  Read on and get some foundational street knowledge about the industry.