Anybody who has ever rented a car has likely found themselves confused as to whether or not they should take the insurance they are offered. Unfortunately there are no simple answers since rental car insurance can be complicated.
The repayment term varies from one month to the next. The interest rate is generally higher than the regular repayment of the loan. Moreover, the repayment period is generally around 5-17 days. The interest rate is generally higher than the normal repayment duration. In addition, the interest rates on the loan are generally lower than the regular monthly installments. The rate of interest is higher than the regular monthly payment.