ALTERNATE FINANCE OPTIONS FOR CARS
My collegue wants to buy a car through car loan. He already has a personal loan in his name. So the bank people said that he cannot have another loan to his name. He earns much more than what they show in his salary certificate through overtime and incentives.
from where can he get a car loan?
what are the other option he has? what about companies like first finance etc?
IF it is possible to re-apply a loan (money) from the bank, then that would be the practical solution to that problem and pay the car in cash. I mean, if you have 100,000 loan in the bank, you reloan for another 100,000 in the same name, i think the bank will grant that for as long as your salary can afford.
THen you have option to buy slightly used cars. if that's ur option, i am selling my Mitsubishi Lancer GLX-2007 model, very well maintened, no accident, 22,000km mileange, fully loaded and atuomatic, alloy mugs, excellent condition, effective and valid car insurance. Im selling it for only QR 47,000. This is the best car buying option so far.