When purchasing a car, many buyers go for the lender that has a partnership with the dealer. This should be avoided
These lenders charge a higher interest rate, which allows them to offer a hefty commission to the dealer
Compare rates online before you finalise the lender
Sometimes, a dealer may offer a discount on the car value if you take a loan from its partner lender. Sometimes, a manufacturer may tie up with a lender and offer discounts to push up sales. Again, compare your total interest outgo in this case with other lenders
When evaluating an auto loan, check whe.....