Is it better to get a bank loan to buy a car?

3
Jerrod Beahan asked a question: Is it better to get a bank loan to buy a car?
Asked By: Jerrod Beahan
Date created: Tue, May 18, 2021 10:00 PM
Date updated: Mon, Dec 26, 2022 8:13 AM

Content

Video answer: Buying a new car: should i pay cash or get a car loan…

Buying a new car: should i pay cash or get a car loan…

Top best answers to the question «Is it better to get a bank loan to buy a car»

If you can't afford cash, a personal loan is usually the cheapest way to finance a car deal - but only if you have a good credit score. You can get a personal loan from a bank, building society or finance provider if your credit rating is good… Make sure the loan is not secured against your home.

Video answer: Car buying tips & advice

Car buying tips & advice

2 other answers

You don’t have the hassle of going back and forth between the car lot and your lender to finalize a car loan once you decide which exact vehicle you want to buy. Paying cash also doesn’t use the...

If you cannot afford to buy a big car, then it is better to buy a small car. Buying a car loan and investing the available funds in a mutual fund having a high return than the cost of loan might help you to pan out an advantageous situation. 2.8K views

Your Answer

Video answer: What to consider when getting a car loan

What to consider when getting a car loan