Finding the Best Deals for Your Car Loans Saves Money



Buying a car is a dream for everyone. It is not easy considering the cost and the other expenses. But there are many agencies which help you in the matters relating to your car. These agencies specialize in buying and selling a car. They get you best deals for you. They can also find good deals when you are looking to get finance for your car. 



Should You Change Your Car Or Hold The Same Car?

This is a question that often haunts many people when their COE is about to end. They need to weigh the options. Many may prefer buying a new car because it is an opportunity for you to change your vehicle. You may have risen in status in various ways and would like to own a new car. But you must consider the negatives of buying a new car.
You must bid for a COE if you want to own a new car. This can prove to be costly. In addition to this, the new tax after the introduction of the vehicle emission scheme is prohibitive. Both these are reasons enough to renew your COE instead of buying a new car. 

Renewing Your COE and Paying the PQP

When you want to do COE renewal you don’t have to bid for it. You can renew the existing COE by just paying the Prevailing Quota Premium or PQP. There are many agencies that can help you with renewing your COE. If you are renewing the COE for ten years you must pay the full PQP. But if you are renewing only for five years then you need to pay only half the PQP. The drawback is that you cannot renew your COE again if you opt for the 5-year term. Your car must be deregistered after that.
PQP can be a big financial burden for many people. This is why there are financial institutions who offer you loans for paying the PQP. You can get up to 100% of your PQP as loan. The same agencies that renew the COE will help to get these loans. 



Buying Your Cars Easily

It is easy to own a car when there are many institutions offering loans. But you must find out which bank or financial institution is providing the cheapest loans. These loans are available for used cars too if you are unable to afford a new car. There are also many agencies that can find you the cheapest used car loan rates and help you secure the loan.

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