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Auto Finance Terms

Have you ever thought of buying a car? One of the challenges is deciding on which car to purchase and finding the best method of payment. Here are possible ways that will help you decide on the best payment option.

Higher Purchase

This is a deferred payment method where the interested buyer gets into a written agreement by financing the first installment and clearing the balance over a specified period plus interest.

Personal Loan

This is financial assistance from banks, credit unions, or private lenders. These personal loans have good interest rates with a low monthly settlement amount.

 

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