Crediting is always different. It depends on what car is decided to buy a new one or second-hand. Banks often grant crediting for second-hand cars. The same cars may be purchased at automobile sales center. Contracts with banks are also signed for them. Today it is possible to buy easily the car which was pledged in an auto pawnshop or according to the credit agreement at the bank. It is convenient that these cars are already completely checked regarding stealing and for availability of malfunctions. But anyway, the main part of credit deals belongs to new vehicles.
In case of the agreement conclusion at automobile sales center on purchase of the car at a condition of credit granting the buyer immediately becomes the client of the bank which is the partner of this center. Before taking the credit, first of all, it is necessary to choose a car which meets customer’s expectations and which completely corresponds to its financial opportunities.
As soon as the car is chosen it is required to read thoroughly car loan conditions. Usually at purchasing of vehicle auto and buyer life insurance is offered. The cost of these insurance policies also influences the total amount of the credit.
After discussion of all documentary question employees of automobile sales center should calculate and tell to future car owner the interest rate for use of the credit, and also the amount of the first fee. Besides, it is necessary to find out what penalties are provided in case of monthly loan repayment delay. Only having discussed all these questions it is possible to make the decision whether to take the credit or not.