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The document provides information about different options available to clients when borrowing money from a bank to buy a car. These include: 1) A fixed rate option where the interest rate stays the same for the duration of the loan. 2) A linked rate option where the interest rate moves with the prime lending rate. 3) A payment holiday option allowing the client to skip one monthly repayment which is then spread over the remaining payments. 4) A balloon payment/residual value option where only 60-70% of t

Author

carmen16g

Language

EN