Mortgage and loans
If you decide to take a car on credit, then the first thing you encounter is restrictions. Here are the main ones:
– Return restrictions. Many financial institutions limit the loan term for cars up to three years. There are banks that make it possible to use your means if you decide to buy a car with five years of experience. In this case, the condition is put forward – that it will be a foreign machine.
– Restrictions of the run. For creditors, a car mileage is of great importance. It is not strange, since the resource of the purchased machine depends on it. In this case, all financial structures are unanimous. For imported cars, the maximum mileage is 100,000 km, and for domestic – no more than 50 thousand. km.
– restrictions on the deadline for providing a loan. The loan term for most banks ranges from 1 to 7 years, it depends on the technical condition of the “iron horse”. However, sometimes “intricate” calculation systems are found.
– Age restrictions on the age of the borrower. This restriction also works, although it is indirect. The borrower must work and be healthy. Getting a loan for the purchase of a car does not work.
If you do not use the machine often, maybe you will be interested in renting a representative of a representative class. In this case, you do not have to deal with the creditor, collect and execute many documents for drawing up a loan, serve a car, carry out repairs, overpay interest on a loan, etc. You have the opportunity to rent a car when you need it. At the same time, you will know that you rent a quality car without breakdowns and defects.
To buy a car used, an important condition is the initial contribution. Many banks now present a loan without an initial contribution when buying a new car. But as for those who were in use, banks are more skeptical. As a rule, to buy such a car, banks require a first contribution of 25 to 50%. The list of your expenses, besides this, includes: civil liability insurance, legal registration of the car, bank commission, CASCO insurance, payment of the purchased car of the register of collateral property. To all this, add one percent of the cost of the car for its expert assessment. This list can be replenished depending on corporate conditions.
