I wanted to buy a car? After reading the reviews about the Sky Motors car dealership (Sky Motors) went to a car dealership or to the car market and bought. And if there is not enough finance? According to statistics, every third car on the road was bought on credit. The benefits of the service are great – only the lazy does not buy a car for himself. Whether it is new or used. Banks go to this deal with great hunting, even in a crisis, offering favorable conditions for acquiring a car.
What steps should a potential car owner take to turn into a real?
First, evaluate your financial capabilities. Payments must be held on a monthly basis and will eat a certain share of the family budget for a long time. Typically, car loan is taken for a period of 3 to 5 years. Most credit organizations involve the initial contribution of 10% of the cost of acquisition. It should be remembered that the vehicle must be insured under an OSAGO agreement, and for reliability and under the CASCO agreement. Insurance is poured into a round amount. It can be included in the loan agreement, but only for one year. This will significantly increase the full cost of the loan. In subsequent years – you have to pay for it yourself. Better to be prepared for this in advance.
The next stage is the most pleasant. The choice of the vehicle. Often the loan is issued directly in the organization of the seller. There is also a purchase and insure.
There are two ways to purchase a car on credit:
Get a cash loan and purchase a car for the money received. Interest rate on such a loan is always higher. But the owner can dispose of the transport, at his discretion, since all the documents for the car remain in his hands;
get a car loan where the car is a bail for a loan. Car sellers, different models almost always include additional bonuses when buying on credit (trad-in, disposal, pay interest on loan, additional benefits when buying). Banks reduce the interest rate and willingly go to this deal. The car remains in pledge with a credit institution.
The second option is more economically profitable. And upon the occurrence of circumstances that do not allow timely serving a credit product, an organization can be sold by a vehicle that specializes in the purchase of credit cars. Such organizations take on all legal and financial issues. Fully calculated with the bank. It is important to choose an organization that has established itself in the market so as not to fall into the hands of scammers.
Consider a typical set of documents that must be provided to the credit company. Questionnaire questionnaire. The passport of the borrower. The second identification document (driver’s license, foreign passport). If the client is in marriage, then the certificate of marriage and the consent of the spouse to receive a car loan. Military ID (if any). A copy of the work book certified by the employer (it is valid for no more than 30 days). Income certificate: ideally in the form of 2ndfl, a certificate in the form of a bank is allowed – income is indicated over the past 6 months. It is possible to take into account the total income of the spouses. Which sharply increases the chances of approval.
The information provided is checked within a few days. After approval, the borrower makes an initial contribution to the cashier. Signs a contract of sale and becomes the owner of an iron horse. The car is insured, registered with the traffic police. The bank has the right to demand copies of insurance contracts and srts. After the owner submits to the TCP bank and takes it after paying the last fee.
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