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Information on personal loans provided for free.
 

 

 

 

 

  
 
Car loan

 
Inside Section 1

 

 

Auto and car loans are loan provided where the lender is giving the loan with a car as security. There are several advantages and disadvantages to car loans.

Advantages

  • The security is the car only

  • No problem to sell the car

  • You do not loose your home if you cannot pay the loan

 

Disadvantages

  • Higher interest rate

  • Difficult to change bank or lender


 

   

   

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