Today, for some, a car is just a means of transportation, for others it’s a business card, and for others it’s a pipe dream because of the constant lack of funds for its purchase. But as they say, nothing is impossible. For those who dream of a four-wheeled friend, there is a great opportunity to buy a car on credit.
Sberbank: car loan at affordable interest rates
Today, car loan services are the most common in the country's credit market . Indeed, thanks to this, you can easily and immediately become the owner of not only a domestic car, but also foreign cars. Car loans can be issued not only in banking institutions, but also in specialized centers involved in the sale of vehicles, which cooperate with many world famous car manufacturers. For example, Sberbank gives a car loan to its customers at fairly real interest rates, while providing a number of conditions that are quite comfortable for the borrower.
The main advantages of car loans are its availability, the preparation of all necessary documents by competent employees, the execution of the contract as soon as possible, a full assessment of the technical condition of the car, the possibility of a test drive, free choice of car model, and the choice of an insurance company. In addition, Sberbank's car loans in 2013 rose to a new level of trusting relationships with customers. This is evidenced by the absence of a commission and the maximum ease of processing.
Please note that Sberbank does not issue a car loan without a down payment. This year, a decision was made on a minimum down payment of 15%. But there are some advantages: if the borrower is willing to pay an initial payment of 30% of the total cost of the car, then he is exempted from the need to provide the bank with a work book, as well as a whole package of documents confirming his financial condition.
Sberbank: car loan on favorable terms
Speaking in more detail about car loan programs, many banks and centers offer their customers the following programs: without making a down payment,
interest-free loan, express loan, “buy back” car loans, car loans on preferential terms and a program for exchanging an old car for a new car. But, unfortunately, all these tricks sometimes hide some pitfalls when, for example, Sberbank gives a car loan under certain conditions and does not warn the borrower about possible losses in unforeseen situations.
It is necessary to mention about car insurance, which is a prerequisite for obtaining a car loan, regardless of its program. This procedure is necessary not only for the bank, but also for the client. Car insurance will be especially beneficial to those who buy an already used car.