Car Loan Tips: Do not make these 5 mistakes while taking a car loan, otherwise you will remain poor for the rest of your life.

  • Apply for a car loan in banks with low interest rates
  • Decide the EMI as per your earnings
  • Be aware of additional charges like processing fee and prepayment fee
  • Check the report card of the bank or financial institution for addon services
  • Consider the impact of interest amount on your repayment
  • Choose a loan tenure that suits your financial situation
  • Research and compare different car loan options in the market
  • Take into account any taxes or fees associated with the loan
  • Consider additional services like roadside assistance or zero depression cover
  • Ensure that you can easily afford the monthly EMI

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