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Post by troycuthers on Jul 26, 2019 15:18:58 GMT -6
You car is not an investment. Quite the contrary: Cars depreciate like crazy. For this reason alone, it’s not smart to pay interest on a car loan. What happens in most cases is that the car depreciates and the value of the car drops faster than you repay the loan, leaving you upside down or underwater (when you owe more on the loan than the car is worth). That said, many of us need cars to get to our jobs and don’t have the cash lying around to buy a reliable ride. So we get a car loan. That’s cool, but there’s a difference between using a car loan wisely and using it to buy a lot of car you can’t afford. Whenever you finance a car, you want to think about it not just in terms of the monthly payment, but also in terms of the total cost.
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Post by adamscholes on Mar 16, 2021 3:32:55 GMT -6
It wasn't easy to finance my car. There are situations when circumstances are so harsh that a responsible and decent person can't repay a bank loan on time. And no one is immune from this. The bad credit history of the borrower leads to subsequent problems with the issuance of bank loans. If you urgently need money before paycheck or to refinance debts, you can try an online loan. Most loans require a credit check, but we don't. You only have to visit our official website in order to apply for an online loan.
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