Take Advantage of
Your Employer's Low Interest Auto Loan
Does your company have
a low interest auto loan benefit? If they do, you better take advantage of it. Getting a low interest on car loans from
external sources can be risky so why not go for this option that's readily
available to you?
Auto
finance companies seldom convince you to read the fine print.
Extremely high interest rates, lengthy loan periods and pre-penalty terms can jump up
the cost of buying a car.
A good choice of lender is your
very own employer, if they have auto loan or car financing benefits. Your company financing can save you hundreds of dollars on interest payments. If your company is in
the financial services industry, all the more you should avail of their car loan benefit.
Most likely, they offer low
interest based on subprime rates. This means that they can afford
to loan you
money to buy your car at rates lower than what most financing institutions charge. In a way, due to favorable
portfolio investments, they can afford to subsidize a portion of your car loan.
Written by: Katrina Marion
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