Buying a new car is an exciting decision, however you have to be aware of what you can afford ... and that is why pre-approval on your car loan is a good idea. You may not be aware that a Car Loan can also be used for buying a boat, motorcycle, caravan or trailer. A Car Loan is usually given at a fixed rate, which ensures you know exactly what you pay each month. The interest rate on your particular loan is dependent on factors such as whether the vehicle is new or used, your credit history and current financial situation.
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