What is the car loan?
Car loan is a loan with the purpose to buy a car or pay car related expenses. With car loan you can buy a used car, which is not be accepted by banks or leasing companies. Read more...
Car Leasing may often be more expensive than obtaining a car loan. A leasing contract usually demands the kasko insurance . Car insurance expenses depend on the vehicle, policy holder, region, etc. and might usually be quite expensive. Each loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.
Advantages of MoneyZen Car loan
- Reasonable interest rate
- You own the car
- No additional costs
- No restrictions on car's age
Recommendations before applying for a car loan
- Consider carefully if you really need a loan and in which amount Why?
- Investigate and compare the terms of several loan providers Why?
- All your loan repayments should not exceed 33 percent of your total monthly income Why?
- Make sure that you have considered all additional terms and costs Why?