How do they sell credit cars? Is it worth taking a car on credit

Every year on the roads of Russia the number of cars increases. Despite the huge traffic jams, people are rapidly moving into car dealerships. But, unfortunately, not all have the opportunity to pay the full amount for a new car, so go to the banks. How do banking institutions sell credit cars ? Usually this whole thing happens through an auction. The newly-born buyer can immediately deposit the full value of the vehicle (in other words, buy it and forget about interest rates and monthly payments) or take the car on credit. But often of such cars "squeeze all the juices", so after the transaction you need to fork out for its repair. With the collateral property of this process can be avoided.

But many who are going to buy a car through a bank pay attention to new cars on credit - they are not "killed", they do not need to be repaired for repairs ... But here there are a lot of pitfalls - sort of floating interest rates, taxes and a lot of other headaches .

How to sell car dealers

Of course, car loans are one of the most popular ways of buying a car. But in recent years, many banks have tightened their terms, so not everyone can buy cars on credit. Very popular now lending in car dealerships - at first glance it is very convenient, because there is no need to go anywhere. But after a while the client understands that it was better to arrange a loan with the bank. And all because he charges additional payments for currency conversion when transferring funds to the car dealership. Thus, the financial institution is enriched on average by 1-2 thousand dollars (at an auto cost of 20 thousand dollars), which will be paid by the client himself.

The motor show welcomes the buyer with long rows of beautiful foreign cars, and friendly and always smiling employees are ready to show you any model of the car and answer all your questions. The so-called "individual approach" forces the client who has lost the vigilance to agree to any terms in the contract. Because of this, he falls into the "credit slavery", when the interest is growing, and the monthly payment can not be repaid. That's how unscrupulous dealers sell credit cars. Unfortunately, there are a lot of them in Russia, and there are practically no honest people in credit institutions. Often, "good" managers catch the bait of trusting customers, convincing that it is possible to make out the loan and insurance only through the salon. And some even repeat that buying and installing additional equipment on the machine can only be with them and it will be very profitable. Indeed, the benefits will be, but that's not in favor of the buyer.

How to sell credit cars in leasing

Many, as an alternative to credit slavery, choose such a service as leasing. The scheme of buying a car is very simple: the customer chooses the desired car, and his leasing firm buys. According to the contract, the client makes an advance payment (it is about 20-30 percent) and gets the car. Monthly, he repays the payments for it. It turns out that you take the car not on credit, but for rent with the right to buy.