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