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Yes. Deposit the amount of money the car costs in a bank, in a CD, and use it as security for the loan that the bank will give you to buy the car.
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
yes
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
The bank gave Mr Moore a loan, so that he could buy the new car for $27,000, because he did not have that much cash.
I took a loan from my bank to buy my first car.
Yes. Deposit the amount of money the car costs in a bank, in a CD, and use it as security for the loan that the bank will give you to buy the car.
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
bank loan
yes
You can apply for a new auto loan through your personal bank or the dealership that you buy your car through.
If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.
A bank cannot require a warranty for a car loan. If it is the bank requiring you to buy the warranty you can report them to the PA Banking Commission. However, this is a typical scam from the car dealer saying the bank requires it when they actually don't. The car dealer is really making you buy an overpriced warranty.
There are numerous places to obtain car loans. Either the dealership you buy the car from or a bank or credit union can provide loans.
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
The bank gave Mr Moore a loan, so that he could buy the new car for $27,000, because he did not have that much cash.
Yes a GMAC auto financing loan enables customers to buy their car in a more flexible and user friendly way than a regular car bank loan. Interest rates are lower so it should be more affordable.