Quick Answer: Is It Better To Get A Bank Loan Or Car Finance?

Which is better in house financing or bank financing?

Quick Answer: Is It Better To Get A Bank Loan Or Car Finance?

The main difference between the two is that bank loans come with longer payment terms.

You can opt to pay out the loan amount in as short as 5 years, or as long as 20 years.

In-house financing, however, prescribes a shorter period to settle the balance, usually up to 5 years only.

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