Is Auto Financing Halal?
Regarding #1, it is a known definition of Riba. Why is it that every one considers demanding extra on loan as Riba and does not consider Rent as Riba, though in both the cases you give out your property to someone whether it is in the form of money and a thing to give on rent like house? The difference is that money is consumable and a house is not consumable. This is self evident, universally accepted. Regarding #2. Since Rent is not Riba, so imposing a fine on it not Riba.