A car loan is taken out to finance the purchase of a vehicle (whether used, annual or new). The car loan belongs to the group of consumer loans (often also called personal loans).
A question that regularly arises in the course of buying a car is that of the advantages and disadvantages of a car loan versus leasing. While leasing is a kind of renting the car, financing with a loan makes the customer the owner of the vehicle. Thus, the customer has the possibility to decide freely about insurance, kilometers and also resale. There are basically no regulations, as is the case with the leasing contract.
Everything about car loans at LEND.