A rate that is considered cheap depends on the nation and overall average rates of the competition. In regards to the UK, a cheap car loan would be around 2%.
There are many companies that give a cheap car loan. Someone's local bank can usually offer a rate for their customers. Dealerships also try to offer cheap loans for their customers.
Contact the bank that you use for your personal banking they maybe able to give you a better rate. Another idea would be to search the web for a cheap car loan rate.
Yes, a car loan is considered an installment loan.
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You can find a cheap car loan at some of the rental car places. I know that Enterprises and Rent-A-wreck in chicago sell there good rental vehicles and alot of their car loans are really cheap.
The best method to find a cheap car loan online is to determine your credit score. Then use a auto rate calculator to determine what kind of rate you could get. Last find a Bank or credit Union armed with the info you gathered. They will give you the best rate.
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When one is deciding how much of a car they can afford, they usually apply certain variables from a loan calculator. These variables are, loan amount, interest rate, loan term and repayments. Using these variables will help make a decision in deciding which car to buy.
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One can find the cheapest used car loan rate on websites that compare car rates. An agent will be happy to help you find the best car loan for you, and you will save money.
You can find a car loan with low rates by visiting auto loan companies such as Nation Wide Auto Lending. You can also visit insurance companies such as State Farm for car loan rate quotes.
The terms and conditions of a fixed rate car loan include a set interest rate that remains the same throughout the loan term, fixed monthly payments, and penalties for early repayment.