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Tag: commercial car loan singapore

5 Car Loan Tips to Know Before Approaching Finance Companies in Singapore

Automotive
You are probably considering getting an auto loan from finance companies in Singapore if you plan to buy a vehicle for business purposes. Here are five crucial auto loan tips to help you determine a financing option suitable for your circumstances. #1 Know Your Credit Score Knowing your credit score is crucial when determining a commercial car loan in Singapore that you can qualify for reduced interest rates. Think about acquiring a credit report from one of the major credit agencies. #2 Shorter Payment Terms If you are in the market for a new automobile, choose one with a shorter loan period. Reducing the payment period also lowers your interest rate. You will save money by paying less for your vehicle altogether. #3 Bigger Down Payments It is better to pay a larger down pay...