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UIoil-JAIUS William plan to buy a car next year. He visited one of the local car dealers several times and intended to financ
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Answer #1

Below are the steps that you can follow to lower EMI on a car loan-

Negotiate on the car price first

Look out for NBFCs from car manufacturing companies

Negotiate with the lender

Make big down payment to cut EMIs

Extend the tenure

Prepay your loan

Look for a lender with less or no processing fee

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