The most favorable auto loans: conditions, banks. What is more profitable - a car loan or a consumer loan?

When there is a desire to buy a car, but there is no money for it, you can take advantage of a loan. Each bank offers its terms: terms, interest rates and payment amounts. About all this, the borrower needs to be informed in advance, having studied the beneficial offers on auto loans.

Almost all shops selling cars cooperate with banks, so customers can immediately place the goods. But first you should read the terms of the programs to choose the right one. Usually they have their own characteristics.

Features of the choice of credit

If a car loan is issued at a motor show, then the services of several banks are usually offered with their terms, terms and rates. What is better to choose? You should not hurry with this question, but become acquainted with several proposals. First you need to apply to the bank in which the salary is issued. The requirements for regular customers are quite acceptable. You just need to know everything about the car loan.

To the most profitable car loan without interest, but this is not. Provision of a vehicle is only possible under a reward. Even if there is no interest in the contract, the commission is calculated using refinancing.

Profitable loan

The most profitable auto loans are those that have the following conditions:

• Low interest for the entire payment period;
• A passport and a second document are required;
• There is no down payment;
• Do not need to provide the background 2-NDFL;
• Hull insurance is not required;
• Any credit history;
• Flexible terms.

Advantageous car loan without down payment, but still need to find a bank with such conditions. Although in this case there is a possibility of a higher interest rate.

State support

Car loans on favorable terms can be taken in different banks. The state actively participates in this. To support motorists, a car loan program was created. On its basis, the state represents funds to banks that work with these services. The money serves to pay for some of the loan, so that low interest rates are applied to customers. The features of car loans include the following:

• It is possible to purchase machines, the mass of which does not exceed 3.5 tons;
• First installment - from 20%;
• The rate is not more than 2/3 of the Central Bank's rate.

Down payment: pros and cons

More appreciated car loan without down payment. This determines not only the amount that will be overpaid, but also the rate. If the first payment was made, then due to the remaining amount the overpayment will be small. The most profitable auto loans have an initial payment of about 10-30% of the loan amount.

Advantages of the service without an initial payment are that the car can be received immediately without investing its own funds. But since overpayment and payment will be high, it is necessary to calculate the possibility of payment. It is advisable to use the proven rule: for all needs for the family should remain about 60% of the salary. If it's less, do not take chances.

Where can I get a lucrative auto loan without a down payment? Such services for clients operate in HomeCredit, AiManiBank, Loko Bank. To save on interest payments, you will need to make at least 20% of the price of transport. It is also necessary to purchase MTPL and CASCO.

Features of car loans without CASCO

The most profitable auto loans are issued without CASCO. Although they are much cheaper, but there are certain pitfalls. Even taking into account the pluses of negative moments more:

• A large percentage;
• The first installment is large enough;
• In some banks - early repayment;
• In the event of an accident, the car must be repaired for its own funds, and also to pay compensation to the other party;
• It will not be possible to buy a car with mileage.

Where can I get a lucrative car loan without CASCO? He is offered in UniCredit Bank, Tatfondbank, Rosbank, Credit Europe Bank. To make such a loan or not - everyone decides for himself. It is necessary to take into account overpayments, which will be without registration of insurance. It is also necessary to familiarize yourself with all the nuances that will help to arrange a suitable car loan. The beneficial interest almost always plays an important role.

Credit history

Often, banks issue a negative decision on the provision of funds for the purchase of a car, the reason for which is a bad credit history. But with a positive possibility of obtaining a car loan increases dramatically. Regular customers are also appreciated. Even if the borrower is ready to respond responsibly to debt repayment, as it is supposed, not all banks are ready to cooperate with him. But still there are such.

In some, even a negative credit history is not taken into account. Only then will not there be low percentages, flexible terms. You may need to provide a deposit or information. Typically, a car loan is issued with the following conditions:

• A large percentage;
• Limited maximum price of the machine;
• Short term loan.

Most often, the car is in the form of a deposit in the bank. Lenders require the provision of other facilities that are equal in value to the machine. You will need a certificate of income, a copy of the work book, the initial payment. The decision to issue a loan with a bad credit history is taken individually, taking into account the information about the client.

Car loan or consumer loan?

With the purchase of the car, the question arises: "What is more profitable - a car loan or a consumer loan?" To answer it, you need to familiarize yourself with the terms of both services. They differ in terms, interest, and amounts provided.

Car loans have a lower rate - 10-17%. This is due to the fact that in this case banks risk less, because the car is represented as collateral during the entire crediting period. But the car loan has many drawbacks. The client needs to pay a high initial fee, acquire CASCO, provide a deposit.

Consumer credit is profitable for the following reasons:

• There is an opportunity to buy a car from a private person, and then you can save;
• You do not need to make insurance;
• Can be repaid ahead of schedule without fines.

What is more profitable is a car loan or a consumer loan, it's up to the client himself. After all, both banking services have their pros and cons. You should rely on personal income, maturity and other factors.

Choosing a profitable offer

If you want to save on the purchase of the machine, you should consider some nuances. Banks have many offers, among which you can choose the most profitable auto loans. It is advisable to use the state program. For example, if there is a machine older than 10 years, then it can be returned to recycling. This entitles you to a certificate, which provides a discount for the purchase of a new car.

A low interest is offered in Sberbank, "VTB-24" and other institutions that participate in the government subsidy program. The customer has the right to choose a Russian or foreign car assembled in Russia.

In addition to interest, it is necessary to pay attention to other credit conditions that affect the amount of purchase. In some institutions there are fees for the consideration of an application and early repayment of a debt. Many programs require insurance in the partner organization of the bank, for which they will also have to pay.

It is advisable to consider the proposals of several banks. You must first calculate the amount of monthly payments, the term of the loan. Only if the proposal is completely satisfied, you can choose it. You should learn how to make a loan more profitable. Usually overpayment is less if you make a deal in a bank, not in a salon.

It is necessary to specify such details as the amount of the first installment, the possibility of early repayment of the debt. Some banks charge a fee for servicing the loan, opening an account. This information must be known before the contract is drawn up.

Broker services

In the sphere of financial services there are credit brokers, or intermediaries. Although many do not want to contact such a specialist. But in vain. After all, it will help you choose the best offer among the presented. The advantages of cooperation with a broker are as follows:

• Select the program based on the wishes of the client;
• There is a search for a profitable program for a short or long period;
• You can use interest-free installments;
• The client does not need to independently process the documentation;
• The specialist advises the client on legal issues.

The broker's services are paid after the loan is issued. The client has the possibility of considerable savings, since a profitable program will be chosen. Subject to cooperation with the broker, applications are normally granted a positive decision.

Who is denied a car loan?

There are situations when a car loan is refused:

• If there is not enough income to connect to a short-term program;
• The car was manufactured more than 10 years ago;
• The domestic machine is made more than 5 years ago;
• The cost of auto is low;
• Is not issued by CASCO;
• The customer does not leave the car as collateral.

If you want to buy a supported or inexpensive car, it is better to choose a consumer loan. This will significantly save, as well as not draw up a number of additional services. If you are going to buy a new car, then auto loans will be fine.