Category Archives: Car purchase

Complications in car loans – Ownership & insurance!

Out of the vast number of car loans that are approved every day across the country there are some loans which become defaulted due to various reasons. Once it is confirmed that the loan repayment is beyond the capacity of the burrower the financier initiates legal action in order to take possession of the vehicle.… Read More »

Terms associated with a car lease!

In terms of car financing a lease is a legal contract between the owner of an asset (the car) and its user (the Lessee) for the hire of that asset. While the ownership still rests with the lessor (Financing Institution) the right to use the asset (car) is given to the lessee for an agreed… Read More »