The decrease in the rate of the consumer credit persists and the Global automotive recently organized in Paris, which has registered more than one million visitors, engage the market of the auto, in good provisions.
This dual factor is putting in place a favourable environment for the start of negotiations with banks and financial institutions to get a car loan.
The auto loan is a credit assigned to it. It is safe even if the negotiations are complex. The fund is directly transferred into the account of the dealer. The refund will only start if the vehicle is delivered.
The price of a new vehicle is negotiable
The potential purchaser may use an agent broker that knows the area or to a dealer, the price of a new car is always negotiable.
The first thing, before approaching a lending institution is to ensure for the purchaser that he has the financial ability to buy a new car. It conducts its own assessment to find its financial base through his monthly income and his personal contribution because it is an argument of weight in terms of persuasion for the lenders.
It is necessary to control its financial surface
The purchaser must also know that the duration of the repayment, the Annual percentage Rate that suits him because it determines the monthly payment every month. The future buyer should know that the monthly payment should not exceed 30% of its monthly income.
The buyer will have his or her information that include also the rate of loan protection insurance, a very important element in this operation by logging onto specialized sites online.
The second thing to do is to have all the information on the car they intend to purchase. It can directly approach a dealer. It may also entrust the case to a professional representative. The goal is to play on the competition for having the deals in the best conditions.
It is necessary to include the option Capital discount
After negotiations, if agreement, the purchaser will submit the application to the lending institution of his choice. Here, too, it is necessary to negotiate for discounts.
A car is perishable, even new. it is necessary to include clauses that protect you in the event of an accident. For example, the option Capital discount is a compensation in case of theft or total destruction of the vehicle or the guarantees failure. The loan protection insurance is highly recommended in the auto loan.
Finally before taking the plunge to buy your new car, please do not hesitate to make a simulation of credit online to find the best financing.