Currently, the car is not a luxury subject. Many people want to purchase a car for convenience and comfort, and some are good to touch the acquaintances if the possibilities allow you to buy a car for cash. And if they are not? And then banking employees offer to take a car on credit. You can buy on credit not only new, but also used cars. Almost all banks offer their customers the same conditions. But first you need to find out what is the danger of car loan?Analyzing the risks and considering the possible dangers of car loans, it is necessary to take into account the fact that the car purchased in this way will be at the disposal of the bank until that time is repaid in full. This means that if the borrower has a financial problem, the bank can recover compensation at the expense of the vehicle itself, using funds from its sale as compensation. The reasons for the financial problem of the borrower the bank will not consider.
There are offers with a low interest rate. However, when agreeing to such conditions, study whether the amount of additional commission or other additional contributions will be able to claim from you in the future. Sometimes the borrower has to pay considerable amounts for the opening of a loan day, for each overdue day of payment.
When applying for a car loan, you will be offered compulsory insurance, both a car and the owner himself, and these are significant financial losses. In addition, the bank itself chooses the insurance company. Even the conditions of insurance itself are issued in favor of the bank. For example, when caring off the car, repairs are carried out by the owner, with a possible hope for compensation from the bank. And in the event of an accident, the amount of insurance is paid only to the bank.
When lending, scammers may also occur. The most common way of deception is the overestimation of the price of the purchased car. For example, you are given one agreement to familiarize you, and a contract with an inflated price for signing.
But if you still decide to buy a car on credit, carefully approach the choice of a bank. Check out the credit program, interest rates and other factors. Take an interest in the bank’s operating mode and insurance companies with which the bank works, and the possibility of repaying a loan ahead of schedule without penalties. Carefully study the contracts, paying special attention to words with various notes or footnotes. Only with a crucial approach to car loan, the machine will bring pleasure, not excessive fuss.
What entails non -payment of car loans?Date: January 27, 2013, Views: 9, Comments: 0
Today, non -payment of car loans, is a very urgent problem in banking. There can be many causes of non -payment, from a difficult life situation (loss or change of work, physical trauma, unforeseen circumstances, etc.D.) to intentional evasion of loan payment. When registering