The most common way to buy a car is to buy it with cash or take out a car loan. The main advantage of car loans is that you can get a car without having the entire amount required for the purchase.
Additionally, you weigh all the costs associated with purchasing a car. In addition to paying off a loan, insurance and fuel costs, the monthly costs of operating a car include the costs of parking or a garage, washing, purchasing additional equipment, and possible costs of paying fines for violation of traffic rules. These additional costs can upset the balance of the family budget.
Take a certificate of income at work. A loan without information about income is issued by a bank secured by a security. The pledge can be a purchased car, or real estate: a garage, a summer residence, an apartment.
Make out the purchase of a car you like in a car dealership. You are given an act of selection of the car, which indicates the model of the car, its equipment and cost.
Choose the bank to which you will apply for a loan. Often there is an option when a car dealership works with a specific bank, to which you will be politely directed. Nothing bad will happen if you visit not only the recommended bank, but also check out a few additional options.
With a certificate of income, an act of selection of a car, a copy of your passport, contact the chosen bank. Go through the procedure for processing credit documents, it can take from an hour - one and a half to several days. After completing the necessary documents, you will be issued a letter of guarantee from the bank.
With a letter of guarantee from the bank, you return to the car dealership, where the car is “put aside” for you.
On the day the loan is issued, which, as a rule, differs from the day the loan documents are issued, come to the bank and pay the first installment on the loan.
With payment for the first loan installment, come to the car dealership and get a long-awaited car.