Financing a car isn't as daunting as it seems
Your credit score will have a big impact on the amount you'll pay to borrow, or the interest rate of your loan. There's no official minimum credit score needed to buy a car, but the best interest rates go to borrowers with
These local institutions often offer low interest rates than large banks. You'll have to become a member, and membership is usually bound to things like geographic location or an employer. Most banks also give loans like auto loans. Banks you already have a relationship with may offer you affordable rates, and that may be worth a look. However, many larger banks' auto loans generally start with a higher interest rate than credit unions.
Compare your pre-approval offers to find the offer that best fits your monthly budget, carries the lowest APR or interest rate, and has the shortest term. Now is the time to accept the loan offer that you're happy with. Make sure you have the proper documentation on hand, like your driver's license, proof of income, proof of insurance, and proof of residency, depending on the lender.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to pay back student-loan debt — here are all your options - Business InsiderThe right strategy to pay back your student loans will depend on your goals, lifestyle, and the type of loans you have.
Read more »
Business Insider Intelligence - Business Insider
Read more »
The American student loan system doesn't cater to Muslims — here's why - Business InsiderI had to turn down acceptances at Yale, Columbia, and Johns Hopkins because I can't take on interest-bearing loans — and I'm just one example of how the American loan system doesn't cater to Muslims (CraftOurStory)
Read more »
PRESENTING: The 31 buzziest logistics startups that VCs are watching in 2020 - Business InsiderRead Business Insider's exclusive, VC-sourced roundup of the buzziest logistics startups in the coming year.
Read more »
Zuckerberg gets sweaty armpit blow dry before big events: New book - Business InsiderMark Zuckerberg has asked his communications staff to blow-dry his sweaty armpits before big speeches, according to a new book
Read more »
How a freelance web designer making $200K a year gets referrals - Business InsiderA freelance web designer who makes over $200,000 a year says the majority of his income comes from referrals. Here are the emails he sends to get businesses to refer him to their customers.
Read more »