Credit Car Ownership

Can not be denied that the purchase of credit is a way to help many people to have a high value of the goods. Only one of them a car. If you decide to buy the car in cash so that a material consideration is that funds must be spent in front of the not sufficient. But, if you decide to buy with the credit then you can move according to your ability. Eits, but also not that simple because there are still some things that must be considered in taking car loan. What?

Price Survey
If you have decided which type of car you want, and then the next step is to find out how best price offered. How diligent is to ask the dealer to remove some type of car you want.

Decide which of Providing Credit
In general there are two types of companies or institutions that provide credit facilities for car ownership, the banking institutions (banks) and financial institutions. Financing institutions usually associated with companies engaged in the automotive industry, both as the Single Agent Brand (ATPM) or dealer. Taking credit in the car dealership can be more profitable than in the bank, especially about keefisiensian time. You can get all the information, services, etc. on a car loan from the dealer at the same time without have to go back and forth to the bank again. In addition, the credit approval process with the financial institutions can usually faster than the banking sector, especially if financial institutions have relationships with car dealers or ATPM particular.

Adjust the DP and the repayments with the ability
One thing that you need to prepare when you decide to buy a car with a credit or a cash advance Down Payment (DP). In general, DP is requested in the range of 20-30 percent of the price of the car. For example, if the price of the car you want 200 million then the least you should set up funds around 40-60 million as a down payment. Also take into account administrative costs and other costs. Thereafter, specify the time period you want the credit because the size of your repayments will also depend on it. In general the period car ownership credit is from 1 to 3 years. But, there are also financial institutions that offer up to 5 years.

Choosing Interest Rates
If you decide to take the credit, then you must also consider the interest rates are a matter of race. Technically there are 2 types of credit interest rates, the fixed interest rate (flat rate) and interest rate float (floating rate). Fixed interest rate means the interest rate used will always remain for a period of credit. While the interest rate float (floating rate) means that the credit for the time period changes can occur following the interest rate that changes the interest rate issued by the BI.

Meet all the requirements
Note the basic requirements that must be fulfilled by the applicant credit, usually, the applicant must attach a credit, ID cards, savings account or the account of the newspaper, and the salary slip as a condition for a loan car ownership.

Circulated by Gudang Mobil