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Who Gets Car Loans?
June 30th, 2010 by admin
You may be wondering what sort of people get Car Loans. The answer is: every sort! Car loans are a solid financial decision when considering how to best pay for a new car. Car loans allow you to drive your new car off the lot with only a small down payment – usually somewhere between 10 and 20 percent. Car loans are an especially good idea for people looking to build or rebuild their credit rating. Because car loans have stable interest rates and equal payments split monthly over several years, they are easier to plan payments around than traditional loans.