INTERVIEW QUESTIONS LOAN CAR / BIKE / 2 WHEELER LOAN DETAILS

Question: Does choosing a car model have any influence on car loan interest rates?

Answer: Yes, not many people are aware of the fact that interest rates for car loans differ of various car models. Interest rates for cars in the small and medium category are a tad higher than those in the high end or premium category. Hence make it a point to choose your car make and model wisely as a wrong car selection can mean you end up paying a higher car loan escalating the overall cost of your car purchase. Always compare car loan quotes from multiple lenders before deciding on the loan.

Yes, not many people are aware of the fact that interest rates for car loans differ of various car models. Interest rates for cars in the small and medium category are a tad higher than those in the high end or premium category. Hence make it a point to choose your car make and model wisely as a wrong car selection can mean you end up paying a higher car loan escalating the overall cost of your car purchase. Always compare car loan quotes from multiple lenders before deciding on the loan. Source: CoolInterview.com

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