Benefiting from the car loan is another way people take for New Car Canada. If you are considering borrowing the amount of money from the lender, have you already know what things to consider? While it is right that credit score plays the great role in making the decision whether or not the lender will approve your loan application, the interest rate is another thing you have to consider.
The current rate of the interest on the auto loan is around 10-10.5% per annum. For sure that you could afford the loan when it comes to the loan repayment, it is always better to choose floating interest rate. Why? Simply talk, when the rate goes down, you stand to benefit from it. Start from now, you ca collect as much information as possible to ensure that the loan you will borrow will not end you in the regret. Need more info?