If you want to buy a car, but your own funds are not enough to purchase, you can apply for a car loan. This service is available to customers in every car dealership. You can make the first installment on the loan and become the owner of a new car.
It is necessary
car dealership, bank, the amount of the first installment on the loan
Instructions
Step 1
Approach the choice of a loan with all responsibility. Don't buy a very expensive car that has a budget-sensitive payout. Find out the interest rate and determine the loan term.
Step 2
Before applying for a car loan, you should pay attention to the following points. First, you need to choose a suitable loan program. There is no need to rush.
Step 3
Carefully read all the conditions, because a new car itself has a high cost, and when applying for a car loan, the price will still rise.
Step 4
Very often, consultants in salons offer to arrange an interest-free car loan. Of course, this offer is tempting. However, it is better to prefer the classic lending scheme. An interest-free loan often turns out to be more expensive than with a regular loan.
Step 5
Only large car manufacturers can offer long-term installments for cars, but such offers are very rare on the market.
Step 6
It is very good when there are representatives of different banks in the dealership. You can inquire about products and make comparisons. You can take a loan directly from a car dealership. Perhaps it will be more profitable for you than a bank one.
Step 7
When applying for a loan at a car dealership, you need to clarify who will be your lender. This is a very important point. If the bank gives money, it will ask about your credit history. The bank will transfer information about the loan to the credit bureau.
Step 8
If the loan is issued by a car dealership or a manufacturing company, they will not check your reputation as a borrower so carefully. The thing is that you need to pay for the services of the BCH.
Step 9
Read the documents carefully before signing. All unfamiliar and incomprehensible formulations must be clarified. You should not sign the document if the consultant says that "it was written like that, but everything is different …". A loan agreement is a legally binding document. If you go to court because of some misunderstanding, what is written will be taken into account. Not what the consultant said in the salon.
Step 10
When applying for a loan at a car dealership, pay attention to the item indicating the transfer of ownership. It is best if you immediately become the owner of a new car. In the meantime, the loan agreement is in effect, the car will remain pledged.
Step 11
Car dealerships offer another option - when the car remains the property of the salon until the end of the loan term. In this case, your rights will be limited by a power of attorney. This is not a very good option for a car dealership client, because the buyer will completely depend on the circumstances and the honesty of the organization.
