Tips So That Your Car Loan Approved

For now, buy a car with credit increasingly easy way because lots of corporate financing or leasing which gave offer facilities to attract the interest of the creditors. Indeed when compared to buy with cash, the way credit is much more popular. As with buying a car via credit, you can allocate money to other things so you don't run out of money to pay with cash.

But for those of you who want a car loan approved submission, it's good to do some things below

1. Contact the Nearest Car Dealer

If you have a friend that works at a car dealership, please do not hesitate to seek information from him. Or maybe you often get broadcast on the mobile phone deals with promo-promo given by a leasing company, do not hesitate to ask.

Ask if there is a nice promo-promo provided by leasing a car to you if paying by means of credit? In addition, consider in detail whether it's price or its specifications. Be sure to ask how long the process of filing your car loan in the ACC.

2. Affordable price

By the time you have been steady to buy a car, you should choose a car that suits your family's financial budget. Not denying it is indeed currently lots of variants of the price offered by car manufacturers. There are many options, ranging from a car varies up to forms and models that can be customized to your choice.

We recommend that you choose a car that meets your bags be it price, model, and type. If it is not realistic, then the future of your own unnecessary hassles in the event which will set the installment payment in each month. If you can't afford it's not forced.

3. Select Trusted Car Leasing company

When you have selected the type of excess and car choice you should soon find out leasing company which would you choose. Usually, leasing company has prepared a lot of deals. Be careful in choosing a company car leasing. Choose car leasing company that provides cash advance price competitive, with a light floral, a period which is quite flexible as well as having reality enough price to compete with its competitors.

4. Consult the scheme the installment

If you have selected the source of financing, it's good if you're doing consultations related to a credit plan which must be tailored to your ability. Don't get swayed by the lure of the seller. A few things that you need to consult are:

Cash advance and large Repayments

We recommend that you prepare a cash advance based on a percentage of the price of the car. The magnitude is usually around 20-30 percent. For example, the case if the price of the car you want is Rp200 million, then you must prepare the money amounting to Rp40-60 million. Plus there are administrative expenses and cost more.

The greater the amount of down payment you provide then you are the greater the chance to vote for the magnitude of the settlement and also the tenor of the period of credit. In addition, you can also ask for a discount price in order for Your advance becomes light.

Credit Period

Please select the credit does not exceed the period of the economic limit of your car. This is because if more than four or five years, then more and more extra expenditure that will be incurred for repairs. But you still have a mortgage to pay the installments of the car. Thus this will threaten your spending into two times more.

Interest rates

There are a few things that need to be understood with regard to credit interest rates in the market. Indeed technically there are two types of interest rates, namely the fixed rate (flat rate) and floating interest rates or follow the flower market (floating rate). Please note that in some banks and financing institutions have imposed fixed interest rates but only in the early years of the credit

After choosing a steady leasing which would you choose, there are still some things in order for filing Your car loan approved, such as: meet the requirements of a complete administration is accompanied by the original documents.

Usually in some areas, if you have a local ID CARD process granting credit will be facilitated. This is because people with ID CARD the corresponding domicile will be trusted its existence. In addition to the ID CARD, there are other documents that are required such as the Family, SIM Card, report monthly salary (for employees) or a financial report to the owner of the company. Car leasing is not generally disputed minutiae such as banks. Because if the subject happens to bad credit, is no guarantee of REGISTRATION from your car.

5. The form of personal accounts

Before deciding to take credit papain, we recommend that you create a personal account. Because it usually will trust all leasing parties report a personal account you have. This is due to concerns the 5 C i.e. Character, Collateral, Capital, Condition, Capacity that does basic reference into granting credit. Because of your personal account statements will be shaped as a savings or checking account. With a healthy bank account, the lender will have more confidence. Healthy in this case not only means that money that goes bigger or much amount.

Healthy, in this case, is your account either income or expenditure must be balanced and it must be an active surplus. The active surplus, in this case, means that your personal account, although admission isn't much nominally admission, can continue to thrive. In this case, it could be interpreted can still be saved, or can be used to cover personal expenses are not unexpected. Although a bit, in the personal account you are active in every month either debit or credit.

Consider Well

Well, consider whether you really need the car at this time or not. Customize with Your needs and ability to pay. Not only because it would like to have your car incurred the debt that will ultimately impact on expenses and your household budget.

Even so, hopefully, a few tips so that your car loan is approved it can be useful to Your Friend, thank you have visited AutomotiveZone24 look forward to the next tip.