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    f 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of a
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    With advancement in the field of technology and automobile industry every year variety of latest models of vehicles are introduced in markets throughout the globe to attract new customers. There has been a revolutionary growth in the production of cars and so has the need arisen to obtain quick money to finance it. The most convenient and easy source of obtaining a dream car is by way of an auto loan.

    In today’s inflationary period it is not possible to own a car without an auto loan. There are many ways to secure an auto loan.

    1) Banks/Financial institutions: - Now a day nationalized banks and financial institutions provide their customers a wide range of auto loans containing various terms in compliance with their demand. Any person can borrow up to 125% of the assessed value of car. Such loans are generally available for a term of 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of an

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    onary growth in the production of cars and so has the need arisen to obtain quick money to finance it. The most convenient and easy source of obtaining a dream car is by way of an auto loan.

    In today’s inflationary period it is not possible to own a car without an auto loan. There are many ways to secure an auto loan.

    1) Banks/Financial institutions: - Now a day nationalized banks and financial institutions provide their customers a wide range of auto loans containing various terms in compliance with their demand. Any person can borrow up to 125% of the assessed value of car. Such loans are generally available for a term of 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of a

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    ionary period it is not possible to own a car without an auto loan. There are many ways to secure an auto loan.

    1) Banks/Financial institutions: - Now a day nationalized banks and financial institutions provide their customers a wide range of auto loans containing various terms in compliance with their demand. Any person can borrow up to 125% of the assessed value of car. Such loans are generally available for a term of 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of a

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    de their customers a wide range of auto loans containing various terms in compliance with their demand. Any person can borrow up to 125% of the assessed value of car. Such loans are generally available for a term of 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of a
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    f 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of any individual.

    2) Secured loans: - Secured auto loans are the loans which are issued that are secured by the liens on the car/vehicle that is being purchased. It gives the much needed security to the lender on the lent out money. As repayments are made the securitization liquidates and becomes zero when the entire amount with interest is re paid. Only thing is that one must be regular in paying the repayments as the default causes in loss of vehicle.

    3) Unsecured auto loans: - such loans can be obtained easily without placing any collateral against the vehicle. Here there is no fear of losing an asset but it carries a higher rate of interest as compared to secured loans.

    4) Bad credit loans: - Generally a person intending to buy any vehicle must enjoy a good credit score. His monthly earning should exceed $2000 and his credit sc

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