often people take the funds to purchase machinery from financial institutions.In recent years the growing popularity of banking services, known as "refinance car loan."This procedure is advantageous in the following cases:
- when a customer wants to exchange an old car to a new one;
- if the borrower does not suit the current car loan.
Motives
constantly something happening: interest rates change, new loan programs, government subsidies, news vehicles.Refinancing car loan allows you to keep up with the changes.The desire to change the car appears in many people before they fully repay its debt.According to statistics in the main drivers of change your car every few years, and the credit for the car is usually given for a period up to 5 years.Another reason lending - the change percent.There are many similar programs, banks compete and try to improve conditions to attract customers.Sometimes there are changes in the life of the borrower, for example, changing its revenue appears reliable person, able to become a guarantor or other circumstances which make the credit more profitable.If someone has issued a loan in dollars, change of course - also a reason to refinance.Making car loan without a helmet - it is also an option for saving money.
What showrooms offer
salons that sell used cars, foreign cars sell credit acquired a few years ago.To reduce the time required for the sale of the vehicle, salons enter into a contract with the bank, the customer signs the necessary documents.The "old" car is in the showroom, and the "new" is given to the buyer.Price left the vehicle will cover a part of the intake rates, credit will issue already at the price difference.Customers choose optional old or used cars.It is worth noting that the refinancing car loan allows you to buy foreign cars not older than 10 years, the car VAZ, whose age is not more than 5 years.Machinery older banks take as collateral.Are popular cars with high liquidity, estimate their age, mileage, conduct inspection.Typically, the terms offered by car dealers, meet the current market situation.
Banking program
refinancing can be in the same bank, which was decorated avtozaem, but you can in the other.One of the first to offer this service banks such as Absolut, Raiffeisen, Unicredit.If we consider the refinance car loan that they offer, the conditions are determined for the period to which the grant funds, the size of down payment (usually it is equal to the price of the old car), the currency of the loan.
Preferential refinancing
When you want to buy a new car, included in the program of state subsidies, it is possible to give an old car on account of the initial payment.You just need to check with your financial institution about providing concessional loans.Be sure to ask about everything to make profitable refinance car loan.Banks may nominate different conditions.
Required Documents:
- income statement (2NDFL);
- copy of the work (the contract that you are hired to work);
- passport;
- driver's license.
What does the Savings Bank?
in this bank are popular program 2:
- sharing loan for a new car;
- change in the conditions of the loan.
Refinancing car loan from Sberbank is a major procedure, which provides:
- filing and consideration of an application to the bank;
- registration of guarantee (optional);
- vehicle insurance, which is purchased.
Refinancing car loans - this is an interesting financial instrument in the hands of many people who can carefully to understand all of the conditions of the proposed programs.
