With a hefty cost of $1,250, the Volkswagen Golf R is the most common car loan.
The car is worth $11,829 on the car loan calculator but can only be paid back at interest rate of 6.75% a month.
The cost of the loan is a big deterrent for borrowers who are seeking to pay off their loans with cash.
The average cost of car loan in India is $2,619.
The monthly interest rate ranges between 2.8% and 5.6%.
The average monthly payments are around $800, which is only $10.50 less than the average loan amount of $11.5 million.
A similar loan calculator will help you decide on which car loan is the best for you.
If you’re looking to pay down your car loan but are struggling to find the cash to do so, then consider a credit card or cash advance.
Both of these options are cheaper than a car loan and can be paid off with cash in a matter of hours.
The most popular card option is the Visa or Mastercard.
They offer a wide range of interest rates from 2.75%-9.25% and interest accrual of up to 36 months.
Cash advances are typically offered in various ranges, ranging from 2% to 10%.
With a cash advance, the interest rate is usually between 2% and 4% a year.
The fees are usually low as the amount of money you can earn is much less.
If your bank is offering credit cards, then the most popular option is a debit card.
The card offers a credit of up 100% to up to $1 million in the form of a cash back.
You can make the cash advance by paying off the credit card balance.
However, it is very unlikely that you will be able to earn enough money to pay the balance off.
The interest rate varies depending on the card issuer.
The best credit card to take out for the car loans is the JCB Ambit Visa card.
This card offers an interest rate between 2%-4%.