What types of car loans are there?

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  • Informing your lender of your new vehicles chassis number, vehicle identification number (VIN), registration number, model & make, year, and colour
  • Providing the lender with a copy of your car registration papers
  • Getting a vehicle inspection (if through a private sale)
  • Insurance
  • Registration
  • Tyres
  • Aftermarket upgrades
  • Roadside assistance
  • A pre-paid maintenance agreement
  • What’s the interest rate like? Before choosing your loan type, you should compare car loan rates to find the lowest possible rate available
  • Do you prefer a fixed or variable rate?
  • Can you realistically make repayments on time?
  • What is the length of the loan?

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