Personal Car Loan
- A personal car loan is a type of credit that allows you to purchase a new or used car without paying the full amount upfront.
- You can choose from different types of personal car loans, such as secured, unsecured, fixed-rate, variable-rate, or balloon payment loans.
- The interest rate, fees, repayment term, and loan amount will depend on your credit score, income, car value, and lender's criteria.
- You should compare different personal car loan options and shop around for the best deal before applying for one.
- You should also consider the total cost of ownership, including maintenance, insurance, fuel, and depreciation, when deciding how much you can afford to borrow and repay.
