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Post by troycuthers on Jul 15, 2019 1:25:15 GMT -6
A car loan (also referred to as a secured car loan) involves a finance company lending you the money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you will own the vehicle outright.
Flexible loan repayment periods ranging from one to seven years.
You may qualify for a balloon or residual payment which will reduce your monthly repayments.
Fixed interest rates mean you'll always know your repayments
Improve cashflow
The potential to claim tax deductions if the car is being used for business purposes*
Lower interest rates, thanks to the loan being secured against the vehicle
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Post by rebeccamckull on Nov 3, 2023 22:26:41 GMT -6
It's crucial to carefully assess your risk tolerance, investment strategy, and financial situation before taking out an investment loan.
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