Navigating car financing as a self-employed individual can be a unique challenge. Without the consistent pay slips that salaried employees provide, proving financial stability might seem more complex. However, self-employed individuals have several financing options available, and wit [...]
A car loan is a financing option that allows you to purchase a vehicle by borrowing money from a lender. The lender pays the dealership on your behalf, and you repay the loan over time, usually with interest. Key components of a car loan include: Principal: The amount borrowed to pu [...]