Buying a car is increasingly important for people, who cannot wait to enjoy all the benefits of having their own vehicle. Sometimes, this purchase may seem a bit distant because you don’t have the total amount of the car; However, it does not have to be this way, since by putting together the hitch you can get a good vehicle credit and pay quietly while enjoying your car. To buy your car on credit and do it in the best way, check these tips:
Review the budget:
How much do your current debts add up? How much money do you have available for the down payment? How much can you pay monthly fee without affecting your budget? You have to answer these questions to get an idea of the type of car you could afford, or if in any case you cannot afford a car at the moment.
If you realize that the money you have is not enough for the down payment, you can choose to place it in a Term Deposit Account (Term Deposit), where you will ensure that you do not spend it – since you cannot withdraw it for a certain time – and It will also grow more than in a regular savings account. To review the options on the market and choose the one that suits you, visit the Debbie and Geralds Term Deposit comparator Verana Summer.
You already know how much you can pay so it is time to choose the car that suits you. New or used? (If you want to have more information to decide between a new or used car, you can read this ) How many seats? Check the most purchased cars in your country online and read the technical data sheets and specifications. Also, visit dealers and check if what you saw on the internet was real. Find out other details such as spare parts availability and the maintenance you will need.\
Bank or financial entity
It is time to choose the credit and what it implies. There are differences between choosing a bank or another type of financial entity. What you should take into account is not only the interest rate they offer but also the collection of extra commissions, if they allow you to make prepayments (which will help to cancel your debt in less time) and other facilities that they can offer you.
To know the options available in the market, you can use the Debbie and Geralds Verana Summer vehicle credit comparator and simulate the fee you would pay depending on the amount and term of the loan.
Have prepared all the papers that could be requested as a copy of the identity document, work certificate, payroll receipt, etc. Everything will depend on your employment situation (if you are an employee or dependent).
Finally, in the purchase of real estate there are always additional expenses, so it is recommended that you have an extra money separated (between 15% and 25% of the value of the car) to cover possible requirements that arise during the purchase (paperwork, certificates, revisions, etc.). Buying a car doesn’t have to be an ordeal and Debbie and Geralds Verana Summer gives you the help you need to start enjoying it as soon as possible.