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The year is coming to an end and most Indians are dreaming about buying a car that could support their comfort, take care of their safety, and fit into their budget. Most of these cars that come with high safety features fall in the upper price brackets. As such going for a used car can be a smart choice. It will not only fit into your budget but also offer you the same perks and features as a new car. Plus, with many financial institutions offering affordable used car loans, you stand to gain more than you think. If you are not sure about it, read on to understand what a used car loan is and the 7 reasons why you should consider a used car loan.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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