How are credit cars sold? It is worth renting a car – Car LoansOn March 20, 2020 by Rosalia Hampton
Every year, the number of cars on the roads of Russia is increasing. Despite the huge traffic jams, people can quickly get into car shops. But, unfortunately, not everyone has the opportunity to pay the full amount for a new car, so they go to the banks. How do credit cars sell to banking institutions? Usually this whole thing happens through an auction. The newly discovered buyer can immediately fill up the cost of the vehicle (in other words, buy and forget about interest rates and monthly payments) or take the car on credit. But often these cars “squeeze out all the juices”, so after the transaction they need to be replaced for repair. This process can be avoided.
But many who buy a autobank, pay attention to new cars at the expense – they are not “dead”, do not spend money on repairs … But here are a lot of pitfalls – a kind of floating interest rates, taxes and lots of other headaches.
How car dealers sell credit cars?
Of course, car loans are one of the most popular ways of buying a car. In recent years, however, many banks have tightened their terms, so not everyone can buy a car on credit. Nowadays, bus hire is very popular – at first glance it’s very convenient because you don’t have to go anywhere. But after a while the client realizes that it is better to issue a loan at the bank. And all because it charges additional currency conversion fees when transferring money to car dealers. Thus, the financial institution is enriched by an average of 1-2 thousand dollars (for the price of 20 thousand dollars) the client pays.
A car dealer meets with customers in long rows of beautiful cars and friendly and always smiling staff will be happy to introduce any car model and answer all your questions. The so-called “individual approach” forces a client who has lost his alertness to agree to all the terms of the contract. As a result, it gets into “credit slavery” when interest rates rise and the monthly payment cannot be repaid. Such impeccable dealers sell credit cars. Unfortunately, there is a lot in Russia and there are practically no honest people in credit institutions.Often “good” managers take the trust of married customers and convince them that they can issue credit and insurance through the salon.And some even say that you can only install and attach attachments with them and it will be very convenient. In fact, it will benefit,
How to sell rented cars
Many as an alternative to credit slavery choose a service such as leasing. The scheme of purchasing a car is very simple: the client chooses the desired car and the leasing company buys it. According to the contract, the client makes a deposit (it is about 20-30 percent) and accepts the car. He pays him monthly installments. It turns out that you take a car without credit, but on leasing with the right to redemption.