Sberbank: car loan on favorable terms

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, for some, a car is just a way to get around, for others it is a kind of calling card, and for others, it is an unrealizable dream due to the constant lack of funds to purchase it. But, as they say, nothing is impossible. For those who dream of a four-wheeled friend, there is a great opportunity to buy a car on credit.

Sberbank: car loan at affordable interest rates

Today, car lending services are the most common in the country's credit market. Indeed, thanks to this, you can easily and immediately become the owner of not only a domestic car, but also a foreign car. A car loan can be obtained not only in banking institutions, but also in specialized centers that sell vehicles, which cooperate with many world-famous car manufacturers. For example, Sberbank issues a car loan to its customers at fairly real interest rates, while providing a number of conditions that are quite comfortable for the borrower.

The main advantages of car loans are its availability, preparation of all necessary documentscompetent employees, execution of the contract in the shortest possible time, a full assessment of the technical condition of the car, the possibility of a test drive, free choice of car model, as well as the choice of an insurance company. In addition, Sberbank's car loans in 2013 rose to a new level of trusting relationships with customers. This is evidenced by the absence of a commission and the maximum convenience of registration.

Please note that Sberbank no longer issues a car loan without a down payment. This year, a decision was made on a minimum down payment of 15%. But there are some advantages here: if the borrower is ready to pay an initial payment of 30% of the cost of the car, then he is exempted from the need to provide the bank with a work book, as well as a whole package of documents confirming his financial condition.

Sberbank: car loan on favorable terms

If we talk more about car loan programs, many banks and centers offer their customers the following programs: no down payment, interest-free loan, express loan, buyback car loan, car loans on preferential terms and an old car exchange program to a new car. But, unfortunately, all these tricks are sometimes fraught with some pitfalls, when, for example, Sberbank issues a car loan under certain conditions and does not warn the borrower about possible losses in unforeseen situations.

It is necessary to mention auto insurance, which isa prerequisite for obtaining a car loan, regardless of its program. This procedure is necessary not only for the bank, but also for the client. Car insurance will be especially beneficial for those who buy an already used car.