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In the fast-paced society we live in today, having a car is not simply a luxury but a requirement for many individuals. However, buying a car outright is only sometimes possible when a personal car loan becomes essential. In this article, we will explore the concept of car loans, how they operate, their main characteristics, and the distinctions between new and used car loans.
What is a Vehicle/car loan?
A vehicle loan, often referred to as a car loan, is a…