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What are the various costs that have to be paid to the finance company to avail of a car loan?

April 26, 2017avail car loan COMPANY costs Finance paid various

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What are the various costs that have to be paid to the finance company to avail of a car loan?

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Interest cost which the finance company charges for providing finance. Processing fees: It is a one-time charge taken for processing and legal paperwork. It is in the range of 1-3 per cent of the loan and has to be paid upfront to the company.