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| Car Loans |
Saturday February 4, 2012 |
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Is your car a bit of a clunker? Is it time to look for a new set of wheels? Sometimes your car decides it's time to retire without consulting you. In those cases, it really doesn't matter if you have the cash on-hand to buy another car or not. You need one, and you probably need one right away.
Car loans to the rescue! If your car breaks down and you realise it's not worth the repair costs anymore, it's okay. Breathe a sigh of relief. A car loan can help you make up the difference between the money you have available right now and the money you need to buy another car. Car loans are a type of personal loan you can get through a bank, specifically for use when buying a car.
Go to the bank of your choosing and apply for a car loan. They'll pre-approve you for a certain amount, so you know exactly how much you can afford to spend on a new car. You'll pay an entry fee and a monthly fee in most cases, and you'll usually pay interest on the loan amount.
On the downside, some car loans have high minimums (like $10,000). On the plus side, you'll know exactly what you're paying each month for your new car and you can get reasonable interest rates (at much less than you'd pay if you charged a similar amount to your credit cards).
Browse some available car loans below to compare terms. |
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Need a feel for now much you can borrow and how
long your loan will take to pay off? Our personal loan
repayments calculator will allow you to work out your
monthly repayments... Try it now... |
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