Buying a car on credit today has become one of the usual stages of purchasing a vehicle. Thanks to bank lending in this area, the number of new car owners has increased thousands of times over the past few years. The need to accumulate the necessary amount for the purchase of a car for years has disappeared. Now it is enough to simply collect the required package of documents and contact one or several banks. How does a car loan work?
It is necessary
- - passport of a citizen of the Russian Federation;
- - TIN;
- - certificate of income according to the requirements of the bank;
- - the same documents of the husband / wife;
- - an invoice from a car dealership for the selected car;
- - questionnaire of a potential credit client;
- - the exact amount of the first installment for the car;
- - the amount of taxes that, as a rule, are imposed on a new car;
- - the cost of CASCO insurance and the life of the future borrower;
- - the amount of funds that the notary will take for the execution of the credit transaction;
- - the size of a one-time commission of the bank for issuing a loan;
Instructions
Step 1
Analyze the average monthly income of you as a borrower or a family, assuming that the husband / wife is working. If the family's income is enough to pay utility, grocery and other obligatory payments, and postponing is less of a future loan payment, then the purchase of a car should be postponed for now. Until the first installment allows you to receive an acceptable monthly payment.
Step 2
Assess your own solvency as a customer. To understand whether you will be approved or denied a loan, you need to remember your entire history of banking over the past few years. When analyzing a client, banks pay attention not only to the level of income, but also to related characteristics (stability of work in the last organization, registration period at the same address, the presence of a family and children, and a positive credit history).
Step 3
It is necessary to select the make and model of the car, clarify its cost in the configuration of interest and calculate the cost of purchasing a car on credit. To obtain the total and final amount of costs when applying for a loan, you need to know all the associated costs and taxes.
Step 4
Collect a package of documents for obtaining a loan. Basically, the package of documents for a car loan from all banks is almost identical, but sometimes additional documents may be requested. After collecting the full package, you must choose the procedure for submitting documents to the bank. Today, a very common marketing ploy is the presence of representatives of lending from leading banking institutions in all large car dealership networks. This was done in order to facilitate the procedure for the client's submission of documents for consideration to the bank as much as possible. Sometimes the functions of a loan officer are performed by the sales manager for cars of the same showroom. It will make it easier for you absolutely everything, in terms of the time spent on the trip and filing documents in person at the bank. In addition, the salon manager can send your package of documents to several banks at once, which you choose according to the terms of the loan. After 2 days, the manager will notify you of all positive decisions that have been received from the banks.
Step 5
Loan processing at the bank takes an average of 3 hours. It is necessary to arrive at the bank with all original documents submitted earlier at the car dealership. At the bank, it will be necessary to re-fill in the client's questionnaire to confirm the correctness of all the previously specified data. After that, a loan agreement, financial guarantee of the husband / wife, pledge and insurance of property and the borrower is signed. All necessary commission and notary services are paid. And after two hours, the balance of the money for the car is transferred by the bank to the current account of the car dealership, and you can go to pick up your new car.
Step 6
The use of a car begins immediately after the loan is issued, and not after many years of saving money for it. You acquire a positive credit history. With the right choice of the brand and model of the car, scrupulous and careful selection of the bank and loan repayment scheme, a car loan will work for you, not you for it.
