4 Ways to Cut Cost For a Car Loan
Don’t borrow too little
If you need only a few thousands, then it is suggested that don’t go for an auto loan. Delay the plan of buying a new car and start saving for it. Small loans can be paid off easily and quickly. Since a bank makes profits only from the interest paid by you; they don’t want your loan to be paid quickly. So, they imply higher interest rates on smaller loans. This trick makes the banks make a good amount of profit from you. So if you have a cash crunch to buy a car then save rather than going for a small loan.
