Do I need to tell the customer interest when I borrow money to buy a car?

Need. You need to sign a loan contract to buy a car, clearly indicating the loan time, years, monthly repayment amount and loan interest. So when you buy a car, you must tell the customer the benefits. Loan to buy a car means to buy a car by borrowing from a bank for car consumption loans. It means that the borrower who applies for buying a car pays part of the down payment first and the rest is paid by the buyer in installments.