Do you plan to buy a new car or replace your old vehicle?
Know that there is auto credit to accompany you in your purchase, whether it is a new or used car. This form of credit is purchased from a bank or lending institution, or even directly from the dealer. A sum of money is then put at your disposal to finance all or part of the purchase of the vehicle; you repay it each month by paying monthly installments that also include interest. The amount of interest is variable depending on developments in the auto credit market, the duration of your loan (the shorter it is, the lower the interest) and depending on the lending provider. It varies between 2.5% and 10% in France, on average.
Auto credit is an ideal solution to quickly replace an old vehicle or to meet a new need relatively quickly. But auto credit also allows you to prepare your project and benefit from a wider range of choices from a wider range of vehicles. Be that as it may, auto credit has a definite advantage for households that do not have the opportunity to finance at one time the purchase of a new or used car; By paying small monthly installments, the borrower quickly benefits from his vehicle without getting into debt. In addition, some car loan providers allow you to benefit from significant offers, such as the payment of a premium that can cover the costs of registration. Our advisors give you all their tips to enjoy!
An auto loan adapted to your needs
Know that there are several forms of auto credit, but they are all specific to this area and therefore assigned to your purchase. Your car loan can not cover other projects, or your investments related to the purchase of the vehicle (tire change, possible repairs, installation of a team, purchase of a trailer, etc.). If you buy your credit from the dealer, no problem! If you contract it with a bank or lending agency, you will have to justify your purchase by having a quote prepared or by providing an invoice.
The advantage of a car loan is that it only starts to pay off when the vehicle is received. In addition, if the sale does not end or if you change your mind within 14 days, the credit is automatically canceled!
Discover the tips and tricks of our automotive and finance experts to finally know everything about auto credit!