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Can i get car loan without form 16

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Can i get car loan without form 16

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If you need to sell the car before the loan's paid off, you'll have to come up with the difference between the car's value and the balance on your car loan. Ditto if you get into an accident and the car gets totaled. 2. The term of your car loan should be no more than four years. The longer the term of your loan, the more interest you pay.