Shop Banks for Great Auto Loans?

1 Answer

Answer :

It is unfortunate that many people think that the interest rate for their auto loan is set in stone, when the reality is that a savvy consumer can save thousands of dollars on his or her auto loan payment by following a few simple steps. 1. Use online comparison sites to make the financial institutions come to you. These sites are not limited to home loans; there are many dedicated to or which include auto loan information as well. 2. Once you have a benchmark from the web sites, go into dealerships. People are always able to offer better deals than are computers, but only if they know that the consumer has knowledge of the going market rates. In step 1, the consumer is gaining that information, which makes it impossible for a salesman to do anything except offer a better deal. 3. Fix cred

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Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

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Last Answer : B) Madras Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench

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Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

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