Car Loans

Car loans are a form of debt provided by a lender, such as a bank, to a borrower for the purpose of purchasing a car. The amount loaned is called the principal, which also comes with a fee charged by the lender called the interest. At the very basic, the borrower must repay both the principal and interest of the loan, although other fees may also be charged.

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Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.