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Preheat oven to 325°
In a large mixing bowl, add oil, sugar and eggs, mix until nice and creamy.
Add vanilla, mix well.
Stir in apples and pecans.
Bake at 325° for approximately 1 hour. Check using a tooth pick at about 50 minutes, and if it comes out clean, then your cake is done. If using the loaf pans, make sure to check it at about 50 minutes as well.
In a small pan, melt butter over low heat.
Bring to a boil over low heat, then reduce to a simmer, stirring constantly.
Let boil for 10 minutes, continue stirring.
Once caramel glaze has cooled a bit, pour over the top of cake.
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