What is considered a high interest rate on a car?

While interest rates do vary from lender to lender, the average car loan interest rate currently can be anywhere from as low as 0% to as high as 5%.

Depending on the length of your loan, credit score, the car you are financing, and other miscellaneous factors, your rate may be different.

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What is a good interest rate on a used car?

Average Used Auto Loan Rate for Good Credit Credit ScoreInterest Rate700-7494.24% Jul 3, 2019

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What is the maximum interest rate on a car loan?

The law says that lenders cannot charge more than 16 percent interest rate on loans.Unfortunately, some lending companies owned by or affiliated with vehicle makers have devised schemes whereby you are charged interest at rates exceeding the maximum permitted by law.This is called usury.

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What is the interest rate on car loans in Canada?

The average buyer can expect to pay anywhere between 4.5-6% interest on their car loan, depending on whether the car is new or used and whether the interest rate is fixed or variable.

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What is the average interest rate on car loans?

The average interest rate for car loans is between 4 and 4.5% for the last few months. A car loan for 3 years is slightly cheaper than the car loan for a longer term.

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What is the range on used car interest rates?

The average range of car interest rates will vary depending on your credit rating. Someone with an excellent rating should be able to get an interest rate of 2.99%. Those that have a bad credit rating could be quoted rates as high as 19%.

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What interest rate can I get on a car loan?

Auto Loans for Good, Fair and Bad Credit Credit scoreAverage APR, new carAverage APR, used carSource: Experian Information SolutionsPrime: 661-7804.56%5.97%Nonprime: 601-6607.52%10.34%Subprime: 501-60011.89%16.14%2 more rows • Jun 21, 2019

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What is the lowest interest rate for a used car?

Cost of a $16,000 Five-Year Car Loan on a Used Vehicle Credit ScoreInterest RateMonthly Payment750+3.56%$291700-7493.56%$291650-6998.02%$325450-64910.88%$3471 more row • Nov 30, 2018

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What is the interest rate on a commercial truck loan?

Lenders who provide commercial truck financing generally charge annual interest rates between 5% and 30% based on the borrower's creditworthiness, the age and financial state of the business, and the type and condition of the truck.

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What is the current interest rate on two wheeler loan?

Interest Rates on Two Wheeler Loan Name of the ProviderRate of Interest applicable on Two wheeler loansSBISuper Bike LoanMCLR + 3.15% = 12.05% p.a.Two Wheeler LoanMCLR + 8.75% = 17.65% p.a.HDFCSuper Bike Two Wheeler LoanIRR- 9.65% to 15%Two Wheeler LoanIRR- 14.03% to 27.53%6 more rows

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What is a predatory interest rate?

Practices include charging unfair fees and rates or setting borrowers up for failure.Predatory lending occurs when a lender uses unfair or deceptive tactics to lead a borrower into taking a loan that carries fees, rates or other terms that benefit the lender at the expense of the borrower.

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What is max interest rate allowed on new vehicles?

There is no federal law limiting auto loan interest rates. State regulations limit them. Most states have upper limits ranging from 8% maximum, to 20% or more. Shop different dealers or lenders for the lowest rate your credit rating will permit.

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What is the average interest rate on a car loan with a 700 credit score?

But a higher score will almost certainly get you a lower interest rate.At the end of 2017, the average credit score for a new-car loan was 713, and 656 for a used-car loan, according to an Experian report.But nearly 20% of car loans go to borrowers with credit scores below 600, according to Exper...

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Is the interest rate higher on used cars?

In general, loan rates on a new vehicle are better than those on a used car.Usually, only new cars qualify for zero percent financing, though some automakers occasionally push certified pre-owned cars with zero percent offers.In general, the older the car is, the higher the interest rate is.

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What are the current interest rates on car loans?

The interest rate on auto loans for 60 months is currently 4.1%. The rate for 48 months is 4.02%, and for 36 months it's 4.69%. Compared to several months ago, the rates have slightly decreased.

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What is a good interest rate on a car loan 2019?

Average Auto Loan Interest Rates: 2019 Facts & Figures.The national average for US auto loan interest rates is 4.21% on 60 month loans.

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What is the highest interest rate you can receive on a car loan with bad credit?

As a former car salesperson I have seen as high as 25% on a car loan. I've been told they can go as high as 29%. I'll give you some tips though. First, get pre-approved! Often times you can get pre-approved through a lender for less interest than you can through the dealership. Why? Because they ...

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What is the cheapest car loan interest rate in Australia?

That depends a lot on your credit score and the vehicle you are buying. Newer cars attract cheaper interest rates than older vehicles. Applicants with excellent credit history are offered cheaper rates than say a applicant with an impaired credit history. Car interest rates start from approximate...

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How do I calculate the interest rate on a loan?

Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually).So, for example, if you're making monthly payments, divide by 12.2.Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

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What is considered a high compression engine?

Anything over 10:1 is a high compression ratio.Anything over 12:1 is "highly compressed".87 Octane is both a high and low compression fuel.

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What is considered to be high mileage for a car?

Here's what to know before purchasing a used car.As a general rule of thumb, 15,000 miles a year is considered an “average” number of miles per year.So, a car that is five years old would have about 75,000 miles to be considered “average.” Anything significantly more, and a car is considered to b...

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What is considered high mileage for a used car?

Here's what to know before purchasing a used car.As a general rule of thumb, 15,000 miles a year is considered an “average” number of miles per year.So, a car that is five years old would have about 75,000 miles to be considered “average.” Anything significantly more, and a car is considered to b...

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What is a good auto loan interest rate?

Here is a breakdown of the typical interest rates you can expect with different credit scores: 850 - 740: Excellent credit score - 3.2% interest rate (on average) 739 - 680: Average credit score - 4.5% interest rate (on average) 680 and below: Sub-Prime credit score - 6.5 - 12.9% interest rate (o...

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What is a good interest rate for an auto loan?

The national average for US auto loan interest rates is 4.21% on 60 month loans.

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What is considered high mileage for a car?

Many peope consider 100K +Although if regular oil changes were given since manufacture, and not many city stop starts are made, then 100K miles isn't too much to worry about.

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What is the maximum interest rate a finance company can charge on a loan?

29% if used depending year. Depending on state a 2006 usually cant go past like 18% on avg

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What is considered high compression?

Anything over 10:1 is a high compression ratio.Anything over 12:1 is "highly compressed".87 Octane is both a high and low compression fuel.

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What is the interest rate on A 2016 jeep wrangler rubicon?

Whatever the finance company charges, based on a number of factors, the most important pertaining directly to you... income, credit history, etc.

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Is 24percent very high interest?

YesIn today's market 10% is high24% is for people with very very bad credit.

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What happens if you have a baby on the way and have bad credit and have a high interest rate on your vehicle and cant afford it?

The best option would be to sell the vehicle for the equity you have (as in, the amount you have paid on it) and buy a reliable used car for cash with no payments.

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What is considered as high mileage for a car?

Here's what to know before purchasing a used car.As a general rule of thumb, 15,000 miles a year is considered an “average” number of miles per year.So, a car that is five years old would have about 75,000 miles to be considered “average.” Anything significantly more, and a car is considered to b...

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What mileage is considered high mileage per year on a car?

Average mileage per year is 10-14,000 on a vehicle, so more than this would be high mileage.

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What are two family cars that rate high on safety?

"Two family cars that rate high on safety are Toyota Camrys, and Honda Accords. Honda Accords are higher, but I think they are probably made a little better."

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What is the maximum interest rate on a loan in Canada?

http://www.parl.gc.ca/information/library/PRBpubs/prb0581-e.html 60% per year

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Maximum interest rate used car in Texas?

27% on a vehicle that is 2006 or older.

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What is the maximum interest rate a finance company can charge on a 2002 used car loan in Florida?

In Florida, the highest interest rate that may be charged by a finance company for loans under $500,000 is 18% per annum.Be cautious, however, because there are no limits on the amount of fees that may be charged for the application or origination of the loan.

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What is the interest rate for a car loan with a fico score of 631?

That verys depending on on the finical institution borrowing you the money, also the make model year miles ext... they will want to know what amount you wanna borrow and then based on all that info u give them they will pick a term based off all the info and then give you your interest rate for i...

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What is the best car loan interest rate a person can find?

The best car loan interest rate a person can find can vary depending on what their budget for spending is. Generally, the best car loan interest rate a person can find is about 13.4% APR.

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How can I get a lower interest rate on my car loan?

How to negotiate a low car loan interest rate: Make sure your credit is in good standing.If you have poor credit, enlist a cosigner.Negotiate on the price of the vehicle.Do your research.Stay away from high-interest rate loans.Make a large down payment and secure a shorter term.Bonus tip: Con...

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What is the current interest rate for auto finance?

Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.

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What is the average interest rate for a car loan with bad credit?

The Average Interest Rates for Car Loans with Bad Credit Average New Car Loan Interest RateAverage Used Car Loan Interest RatePrime (661-780)4.16%5.68%Nonprime (601-660)7.05%10.44%Subprime (501-600)11.35%16.92%Deep Subprime (300-500)14.07%19.81%1 more row • Jul 6, 2018

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What is considered high carbon steel?

Carbon steel, or plain-carbon steel, is a metal alloy.It is a combination of two elements, iron and carbon.With more carbon the metal gains hardness and strength but becomes less ductile and more difficult to weld.Higher carbon content lowers steel's melting point and its temperature resistance i...

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Where can you find car interest rates in TucsonAZ?

At the Tucson,AZ Tucson Bank you can secure a low rate car finance loan. Visit their website to view the current car finance interest rate deals available.

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Where can one find information on a low interest rate car loan?

If you are wanting to find the latest information on a car loan with a low interest rate, information can e found on the Bank of America official website.

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How can I get the lowest interest rate on my car loan?

How to negotiate a low car loan interest rate: Make sure your credit is in good standing.If you have poor credit, enlist a cosigner.Negotiate on the price of the vehicle.Do your research.Stay away from high-interest rate loans.Make a large down payment and secure a shorter term.Bonus tip: Con...

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What are current interest rates forbuying an automobile?

Buying a car today is going to depend on several factors as to what your rate will be. The bank you work with as well as your credit rating will affect the interest rates the most.

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What is considered high mileage for a diesel?

High Mileage Generally speaking, diesel trucks are sold with higher mileage than the typical used vehicle.It is not uncommon to see a used diesel truck for sale with over 200,000 miles on it.

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What is considered a good or bad mileage rate for a user car?

a good mileage rate for an used car is around 12,000 miles per year of age.

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Why are insurance rates higher on high performance cars?

Higher performance cars usually have a higher insurance rate because they are more expensive to purchase and the cost to repair them if they become damaged is greater.

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What rate is considered a cheap car loan in the UK?

A rate that is considered cheap depends on the nation and overall average rates of the competition. In regards to the UK, a cheap car loan would be around 2%.

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How does one find the best car loan interest rates?

Their are several factors that will determine car loan interest rates. The loan term length, the lender, credit rating, and the type of car being purchased are all important factors when finding right interest rates. One should should know the current interest rates on car loans to find the best ...

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Where can one check online the free car interest rates?

One can check online at many different websites for free car interest rates. These websites include Consumer Reports Online, ArtsBusXpress, and Bank Rate.

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Which bank has the lowest car loan interest rate?

Car Loan Interest Rate Comparison for All Banks, Lowest EMI, Best Rates in India BankCar Loan Interest RatesLowest EMI per lakh for Max TenureAxis Bank9.25% Fixed₹ 1,478 for 8 yearsIndusInd Bank10.65% Fixed₹ 2,157 for 5 yearsKotak Bank11.50% Fixed₹ 2,199 for 5 yearsPNB8.75% Floating₹ 1,596 fo...

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Who has the best interest rate for used car loans?

The 7 Best Auto Loan Rates of 2019 Best Overall Rates: Consumers Credit Union. Best for Bad Credit: SpringboardAuto. Best Big Bank Lender: CapitalOne. Best for Refinancing: OpenRoad Lending. Best for Tech Junkies: Carvana. Best for Shopping Around: LendingTree. Best for Shopping Around ...

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What is the average car finance interest rate across the US?

The average car insurance rate across the United States is between 350-950 dollars. This is soley based on the average this was a poll taken in 2008 where rates of certain companies this is not a guarantee.

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What in the highest legal interest rate for a car loan in Washington state?

There is probably no "enforceable" cap on interest rates. If you have ever seen the commercials for some "bluish colored sky financing place", they can get around rate caps because they are located on tribal land and not subject to some laws and exempt from others, and charge something like 8 gra...

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Which car chair for toddlers is most highly rated?

The car chair for toddlers that is most highly rated is the Graco SnugRide. Other seats that have also been very highly rated include the Maxi Cosi Priori and the Graco Nautilus.

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Where can one go to apply for a car loan at a low interest rate?

To apply for a car loan at a low interest rate you can go to CIBC, TD Canada Trust, The Approval Centre, Credit Talk, Chase Auto Finance, and Car Loans Canada.

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What is a highly rated GPS system for cars and trucks?

Researching to find the top rated GPS systems for cars and trucks has shown that the top rated one is the Garmin Nuvi 3590LMT. This is followed by the Garmin Nuvi 3760LMT, the Garmin Nuvi 2595LMT, the Garmin 2460LMT and the Tom Tom GO 2535 TMWTE.

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How much will you have to repay how long and what are the interest rate payments on a auto loan with a interest rate of 10 for 72 months and a balance of 15000?

waht is the paymentwaht is the payment

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What is high mileage on a car?

What is considered high-mileage? Typically, putting 12,000 to 15,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage.

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How do you find the rate in simple interest?

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.Where r is in decimal form; r=R/100; r and t are in th...

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How does the volt rating affect how the fuse performs and does usi ng a high volt rating on automobile?

If the fuse is designed for a different voltage than the system it is being used in, then the amp rating becomes undefined. There is no simple conversion factor, but you could use a controlled load and an ammeter to check the amperage at which the fuse blows. Another fuse of the same type and man...

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What is the interest rate for two wheeler loan in Bajaj Finance?

Compare two-wheeler loan interest rates in 2019 LenderMinimum interest rateMaximum repayment tenureCorporation Bank12.50% p.a.84 monthsCanara Bank11.70% p.a.84 monthsBank of Baroda12.70% p.a.60 monthsUCO Bank13.05% p.a.48 months8 more rows

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How much is interest on a 12000 car loan?

That really depends on the interest rate you are charged and then time it took to repay the loan. If for example the rate is 12% then you would pay 1,440 in interest over one year.Depends on your credit rating and employment history and savings. I guess you could say the make and model and perha...

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What interest rate can I get with a 790 credit score?

What are the average 790 credit score car loan rates in 2019? FICO RangeAPR* (AnnualPayment Rate)Total Interest Paid*720-8503.4%$1,564690-7194.68%$2,212660-6896.76%$3,261620-6599.4%$4,6282 more rows

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Does the manufacturer offer low interest rate incentives?

From time to time yes. Check with the dealer.

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Where can one find the lowest interest rates on new cars if one has been in bankruptcy?

If you've ever been in bankruptcy, you know how difficult it can be to find a low interest rate on a new car. Keeping the car you own, paying cash or find other modes of transportation. If this is not an option then buying cheaper car with cash may be a choice. Finally, you may need to build your...

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What is considered an accident on a car?

Car Accident.A car accident, also referred to as a “traffic collision,” or a “motor vehicle accident,” occurs when a motor vehicle strikes or collides another vehicle, a stationary object, a pedestrian, or an animal.While some car accidents result only in property damage, others result in severe ...

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How highly rated are Egg's car insurance policies?

One the website ReviewCentre Egg Care insurance does not have very high reviews and quite a few dissatisfied customers. There are varying opinions on their policies on MoneySuperMarket.

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How long are you considered a high risk driver?

How long are you considered a high-risk driver? Most car insurance companies will forget about your accidents and poor driving record if you maintain a clean driving record for at least three years.But this varies by insurer.Some will look back as far as five years when assessing how risky a driv...

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What is Arkansas's sales tax rate on a new car?

It's the same as the sales tax rate for whichever county you live in. Most counties are 6-7%.

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Does Nissan Finance have a high denial rate?

"I could not find anything that said Nissan Finance had a high denial rate, but that does not mean that it does or does not. This is a tricky question to answer because it is hard to find it on the web, but a local agent would not come out and tell you they do."

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What is considered vandalism on a vehicle?

The exact legal definition of vehicular vandalism depends on the state. It usually refers to minor or cosmetic damage done to a car of a malicious sort. Typical examples are tagging with graffiti, gluing the locks, slashing tires, egg-throwing, breaking windows, keying the paint, and perhaps as e...

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If a simple interest car loan is paid off earlydo you deduct interest left on the loan from final payment?

loan is 3 year loan with an annual interest of 6.3% and you make monthly payments. Therefore each interest amount will be based on a one month period and thus 1/12 of the annual interest rate.Balance = 10,000Monthly Interest Rate = 0.525 %1 months interest = 10,000 * .00525 = $52.50Your monthly p...

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Can you turn off the ignition of a car going at a high rate of speed?

Not a good idea, you will lose the power steering and power brakes.

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Why does ethanol have a high octane rating?

An Octane rating measures a fuels anti-knock ability.A higher rating means the fuel can be run in higher compression engines, resulting in greater efficiency.Ethanol has a greater octane rating than petrol so it can be used in higher compression engines.

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How is SB two wheeler loan rate of interest and repayment period for salaried persons?

sir this is prabhakaran from chennai i want bike loan how to apply

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Where can one find how to buy a car with bad credit for a low interest rate?

Cash Direct has some information on dealing with this situation. Usually, local dealerships would still sell a person with bad credit a car for low interest rate because they need the customers.

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What is the highest interest you can have on a car?

A Title Loan can be as much as 600% or higher. They are thieves of the poor and ignorant.

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Purchasing the best made diesel car for its high mileage rating in an example of what?

Purchasing the best made diesel car for its high mileage rating in an example of logical decision making. The decision is based on the factors of cars performing the best in the mileage ratings.

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What car is considered a sedan?

A vehicle with four passenger doors and a liftgate at the rear can be called a four-door hatchback, five-door hatchback, four-door hatchback sedan, or five-door sedan.

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What is considered a cheap RC car?

A cheap radio controlled car can be bought for as little as â£12. As with most things, you get what you pay for and you can pay well over â£100 for a petrol-engined dune buggy for example.

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What is considered a 10 second car?

A 10 second car is a car that can do a quarter mile drag race in 10 seconds or less.This is the goal that many set out to achieve when modifying their car.

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What is considered a compact car?

The compact car, identified as a small car in Europe, falls between the mid-size and the sub-compact vehicles.Typically a Honda Civic, Hyundai Elantra, Chrysler PT Cruiser and the Audi A3 fall into the compact category.The compact can be a hatchback, two- and four-door model and a sports compact.

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What is considered a foreign car?

Strictly speaking, a foreign car is a car that has its parts made and assembled outside the country.Many foreign cars are more expensive than those made in the United States.Shipping an assembled car often can be more expensive than shipping the parts and having them assembled locally.

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What is considered a street car?

Definition of streetcar.: a vehicle on rails used primarily for transporting passengers and typically operating on city streets.

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What is considered a vintage car?

Usually, the classic car moniker applies to vehicles over 20 years old.Antique cars are over 45 years old, and vintage cars are built between 1919 and 1930.State DMVs, insurance companies, and classic car clubs classify each one differently.And some classifications overlap between classics and an...

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What year is considered a modern car?

A car that is 50 years old or older is officially an “antique," and most clubs and organizations make the distinction between classic, antique and vintage automobiles.The Classic Car Club of America is considered by many to have the “definitive” definition of a classic.

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What is interesting about limos?

there long:)There is not really anything. They are huge gas guzzlers that are horrible for out environments.

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What should a 19-year-old girl do if she bought a car with a very high interest rate a year ago and she can't afford the payments and the amount due on the car is more than the car is worth?

First, are there parents around to help out?? Another relative?? Ask--better getting help now than ruining your credit before it really got a chance to get started. You can refinance the car loan to lower the payments. If added security is needed, then have the parents' cosign or have the parents...

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What is considered a mobility car?

A Mobility car is a car that has special equipment for special needs drivers. It can be as little modification as extended pedals to as big as acceleration on the wheel.

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What is considered a car length?

when judged against the total distance travelled during a single breaking session at a specified speed of the vehicle in motion - it is concluded as follows:-A vehicle length is measured from furthest point forward (Bonnet/Hood/bumper) to the furthest point backward (normally the tip of the exhau...

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What is considered a clean car?

A clean car is an automobile that has never been used to carry small children.

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Is writing on cars considered vandalism?

Well, if it's not your car, and you do not have the owners consent, then yes, it is vandalism. You could write on your own car or a car of someone who has given you their consent. In Washington, the answer is "yes", as shown below from state law. Note bolded areas in (1) (b) = Malicious mischief ...

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What is considered a muscle car?

Strict Definition of a Muscle Car: A muscle car, by the strictest definition, is an intermediate sized, performance oriented model, powered by a large V8 engine, at an affordable price.These vehicles are generally not considered muscle cars, even when equipped with large V8s.

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What is a good car finance rate?

Here is a breakdown of the typical interest rates you can expect with different credit scores: 850 - 740: Excellent credit score - 3.2% interest rate (on average) 739 - 680: Average credit score - 4.5% interest rate (on average) 680 and below: Sub-Prime credit score - 6.5 - 12.9% interest rate (o...

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Who is liable on a financed car for the interest after a total loss.?

After a total loss if the loan is not completely paid off by the settlement then the one who has been responsible for the payments will be responsible for any remaining balance with interest. There are so many different insurance and finance companies and they all have different rules you should ...

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Purchasing the best made diesel car for its high mileage rating is an example of what utility?

Logical decision making based upon the measured performance capability of performing the task they were designed to complete.

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What is considered a luxury car rental?

In car rental, 'luxury' or 'premium' cars are great for travelling in style. These are cars made by high-end brands with luxury features: a sleek look, comfy seats, plush interior and powerful engine, for example. Did you enjoy that? Share the story Share on Facebook.Share on Twitter.Share b...

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What is considered a premium rental car?

Premium Car Details A premium car rental offers comfortable seating with plenty of room in the trunk for luggage.A premium rental car is a great choice for a business travel or leisure.Reserve now and get low rates on a minivan rental from Enterprise Rent-A-Car.

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