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Use car loan to purchase your dream carCar loan can be used for either buying a new car or used car. The interest rate on new car is comparatively higher as compared to used cars. To get low interest rate for a new car, secured car loan could be one of the best options. For secured type of loans, you will get lower interest rate as well as a longer repayment loan period. You will have to pledge your car or any other property as collateral. If you do not want to offer collateral then, unsecured car loan is a good option.
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