What Is a Deferred Car Loan?

Deferred car loans often address special circumstances for some borrowers. These loans have a special market that has special needs. Typically, they are targeted toward those who may have income, credit or other financial problems. In some instances, these borrowers may not otherwise qualify for car loans. Also, individuals facing unexpected financial challenges may utilize these loans. In such a case, a borrower may choose to have her loan restructured as a deferred loan to get through a difficult time. Characteristics of Deferred Car Loans A traditional car loan has equal monthly payments over a set period. The total...

Source: http://www.loan.com/car-loans/what-is-a-deferred-car-loan.html

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