Those who have the need or desire to buy a new or used car can apply for a loan: the car loan for bad credit.
It is quite frequent that those who want to proceed with the purchase of a car do not have the full amount necessary or prefer to postpone the payment over time, for this reason, there are two solutions, the targeted loans or the personal loans.
Among the best places for a loan for a car with bad credit offers, we find site, which offers financing at advantageous conditions. Example: $ 15,000 in 96 monthly installments of $ 200 with TAN 6.39 % and APR 6.58%.
To offer the loan, of a finalized type, because it is linked to the purchase of a specific consumer good, are the dealers themselves. The latter, called dealers, has an agreement with lenders, such as financial companies or banks, which pay the purchase amount of the vehicle directly to the authorized dealer. In addition to the advantage of being able to increase sales, dealers are paid a commission. These are the reasons why dealers tend to promote car loan stipulations.
In the case of personal loans, we no longer speak of finalized but of non-finalized loan, the amount is not linked to the purchase of an asset and the amount will be credited, by bank transfer or cashier’s check, to the applicant who can subsequently pay the concessionaire for the purchase. The non-finalized loans also include the loan with the assignment of the fifth, reserved, however, only for employees and retirees. Through a deduction of 1/5 of the salary or pension, it is possible to obtain the desired amount to be allocated to any need. The latter form also allows protesters, bad payers, and foreclosures to access credit.
Whether it is finalized or not, the buyer should be able to understand if the conditions offered are, for him, advantageous or not. It is advisable to carefully evaluate the interest rate, the amount of the monthly installment, the amortization plan and any additional expenses of the car loan.
To obtain the car loan, the procedure is usually quick, and depending on the type of loan chosen, it is possible to have the required amount in a short time. The duration of the repayment period generally varies from one to ten years. Employees, retirees and self-employed workers who have a demonstrable income can access the car loan. Most of the time, even bad payers and protesters can take advantage of it!
It is possible, in some cases, to start reimbursement six months after entering into the contract!
An auto loan can be requested for the purchase of new or used cars: more advantageous conditions are offered for the purchase of new vehicles. Similar loans can be requested to be able to purchase motor vehicles, scooters, vans or other means of transport.
Here are some features, useful to keep in mind in case you want to apply for a car loan:
The documents required are the identity card, the tax code, the latest paycheck or the most recent tax return. As this is a finalized loan, the purpose of the loan is requested in the contract. The finalized auto loan is reserved for consumers, i.e. individuals. This means that it cannot be requested to finance work activities.
The zero-interest loans in the auto sector are not easy to find and in any case, they almost always concern the purchase of a new car and are promotions made directly by the manufacturers. Particular attention must be paid as both the tan and the taeg must be equal to 0.
If this is not the case, or if only the zero tan is proposed, there will also be other expenses or costs such as the preliminary investigation, ancillary costs or commissions for the collection of the installments, within the financing.
As in any loan request, also in the car loan without a paycheck, it is necessary to present guarantees, in this case, different from the payslip. Below is a list of possible alternative guarantees to obtain the loan:
If you have questions, doubts or want more information on auto loans, leave a comment, we will answer all your questions!