Lender loans you the cash needed to purchase a vehicle. In return you agree to pay back the lender the amount of the loan plus demanded interest, usually monthly basis until the money is fully paid. pretty simple concept.
How to get car loan
First determine what car you can afford. Then:
- Compare the possibilities (lenders)
- Choose and fill application
- You get loan offer which you sign
- Buy a new car!
Concept of taking a car loan is very simple and fast. And you can do all the steps online.