Car loans are an outlet for those who have so long wanted to buy a car, but could not collect the necessary sum of money. Today, companies that are profiled on car loans is very much, and that’s not counting the banks themselves, that provide programs for the purchase of a car on credit on their own behalf. Pluses of the companies that provide services on a car loan that you can get a loan quickly and with minimum documents also can take advantage of additional services. However, purchasing a car on credit, a number of features, and credit conditions in many respects depends on what you are buying a car: a brand new car or mileage, as a physical or juridical person, etc. Consider some of the issues car loans. So, usually the standard terms of car loans (through) the following: – decisions on loans: quick loans – 1 hour, classical – 4 hours – car loan is available to all citizens of Russia, who has a permanent source of income – an initial payment of 10% of the cost of the car – pay an initial payment to its old car – the possibility of paying osago and hull due to the credit – car loan term up to 7 years with the possibility of early redemption. And now, the specific issues that arise when buying a car on credit. The first question that arises when purchasing a car on credit, whose property he is to repay the loan.
Whether it is owned by the bank. A car that you bought on car loans program is a property of the buyer (in the tcp fits borrower, not the bank), the car will be to ensure that the loan and the contract with the bank becomes the key to full repayment of the loan. Bank when it usually requires Hull design and storage at the bank of the original passport of the vehicle to repay the loan. The next question is more concerned with advertising. As a rule, some brochures and commercials stating that you can buy a car on a loan with no down payment. Car loans with no down payment does not happen. Even if you say they do not have to pay the first installment, it usually means that the compulsory motor tpl insurance and casco you pay from its own resources. To get the car loan must be paid 10% of the cost of cars (of course more is better), in addition to these programs provide an opportunity to include car loans cost osago and Hull in the loan amount. Questions arise and in terms of credit. The maximum term auto loan – five years, very seldom given credit for seven years.