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"my father is an government employee has taken vehicle loan on may2000 in andhra bank and he has completed lo
March 19th, 2010 2 Comments
Posted in Vehicle Loan 
Yes probably. Apply to the bank for a used vehicle loan. I think the vehicle has to be worth about $10,000 book value and the interest will jump from maybe 5% (or whatever they charge on new vehicles) to 18% or so for a used vehicle, with a shorter time frame to pay it back (because it is depreciating faster) and higher loan payments (maybe higher than the payments for a new car).
Probably less costly if you get a second mortgage on your home, but then you risk your home if you can’t pay it back.
When looking for a Motorcycle Loan, most motorcycle buyers make the same mistake. It doesn’t matter what time of year it is, whether interest rates are high or low or if its an end<!–of year model with lots of incentives prior to the new model being released, the same mistakes are made when shopping for a motorcycle loan. And it can be costly! Looking to purchase a motorcycle before applying for a motorcycle loan.
http://best-loans.awardspace.com/
Many motorcycle buyers venture to the showroom looking for their new motorcycle before they have even approached the loan company to find out how much money a motorcycle–>lender is willing to loan to them for them to be able to purchase their new motorcycle. They cannot purchase a $20,000 motorcycle, if the lender is only willing to lend them $10,000. This can and does cause big problems.