Car Loan

What is a Car vehicle loan?

What is car loan ?  A car loan is a type of financial arrangement that allows an individual to purchase a vehicle by borrowing money from a lender, typically a bank, credit union, or financial institution. This loan is specifically designed for the purpose of buying a car, and it is a form of instalment credit. Here’s how it generally works: Borrowing: When you want to buy a car and do not have enough cash to make the purchase outright,…