The end of the year is approaching, and hence - many promotions. They include not only shops, but also car dealerships. Therefore, you made the decision that you are buying a new car. You found an interesting offer, but unfortunately you do not have enough cash. Sounds familiar? Don't give up on your plans. Take advantage of our help, which is a Puck car loan and make your dream come true.
Take a Puck car loan and buy ... a scooter
Many people are not aware of the fact that banks grant standard cash loans and those for specific purposes. One of them is just a car loan . It can be granted for the purchase of a new or used vehicle. This means that taking a loan of this type, you can certainly buy not only a car, but also a scooter, camper, quad, bus, tractor and other means of transport that have a valid registration certificate and are allowed to move.
Puck car loan is a popular form of financial assistance, but there are several types. Familiarize yourself with their brief characteristics before making your decision. Credit is distinguished:
- standard - paid every month for the loan period specified in the contract;
- one-installment - involves the payment of own contribution. The remaining part is credited by the bank and the repayment is made within the time specified in the contract on a one-off basis;
- balloon - which is characterized by low installments. They may include, for example, 80 percent of the vehicle's value. The remaining part is repaid once.
Loan and collateral
If you have taken a cash loan at least once in your life , you probably know that banks obviously need collateral in the event of unwanted circumstances. In the case of a car loan, the purchased vehicle is undoubtedly the protective form. To this end, a record of the assignment is placed in the registration certificate. This means that when the installments are not repaid, for example, the car is handed over to the bank. An additional collateral that is used for this type of loan is the purchase of an autocasco policy with a right to compensation. It belongs to the bank, which thus, in any accident, has the opportunity to obtain the amount of compensation due.
Is it worth taking a car loan ?
The most important question our clients often ask us, regardless of the type of loan, is: is it worth it? Puck car loan is one of the most beneficial forms of financial assistance. Its installments are not high, and after paying them the vehicle is entirely owned by the owner. This means that when you settle all payments for your car, for example, you will be able to dispose of it as you like. The big advantage of car loans is primarily the possibility of financing not only new but also used vehicles. However, the most common limit of their "age" is 10 years. In addition, the repayment period is preferably spread depending on the borrower's options.