Personal Loan
| YOU organise the money for the car by taking out a personal loan with a BANK or other FINANCIAL INSTITUTION. |
| YOU choose your car at the dealership and pay the DEALER with the money you have borrowed. |
| YOU repay the BANK/FINANCIAL INSTITUTION you borrowed the money from |
| You own the car from the start and it is your responsibility – you pay for repairs/servicing. You can also sell the car when you want. |
YOU will need to continue paying the BANK/FINANCIAL INSTITUTION until the loan is paid off |
Advantages of personal loans are:
 | can be arranged over phone or internet |
| can pay for whole cost of car |
| competitive fixed interest rates |
