What You Need to Know Before Buying Credits to Buy a Car

 What to consider in car loan, interest rates, vehicle loan amount, maturity ratio? 

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Now you want to have a car or change your car and you have decided to apply for the loan. What will you do according to your credit selection? How would a choice be more advantageous for you? Take a look at our recommendations Gelin

First, you must set your payment plan. In this case, you should review your income-expense balance and accumulated money. 30 percent of vehicles with vehicle loans up to 100 thousand TL, 100 thousand pounds over 50 percent of vehicles are requested in advance. Do you have enough money?

How will you choose your monthly payments? This may be increased or decreased according to your income situation. If you foresee an increase in your income, you can evaluate the increased payment option if you are considering increasing your revenue risk.

It is very important that you choose the term you can afford. Long term mean, say more interest, do not forget it.

There are two options in front of you, the amount of the installment is low - the payment period is longer or the amount of the installment is more but the payment period is short . The long payment plan doesn't seem very accurate for something you can't sell more than you buy.

In particular, if you have a lot of money available to buy a car and the amount of credit you want to claim is low, it will be the smartest choice if you don't keep your maturity longer.

But if you don't have enough power, too short term can make payment difficult. The most important thing for you to know your own budget.

You should also consider the costs of the loan. Be sure to learn the interest rate including the costs and make a loan comparison.

Car Loan to get a car?

This is the monthly cost ratio you need to consider when deciding the question. If the loan amount is low, if you will use a loan with a shorter term, you can choose a need loan. Vehicle lending may be better if it is high and it is more than 24 months.

One thing that you should not miss when making this decision is the mortgage status of the vehicle. If you need a high amount, you can use a vehicle loan as the bank mortgaged the vehicle as a guarantee. However, you can benefit from a non-mortgage loan for a low amount.

What is the Credit Ratio in Vehicle Loans?

This rate is based on the sales price of the car. In the second hand cars, the car is determined by the automobile insurance.

How to Loan for Second Hand?

In loans for used cars, banks are interested in the age of the vehicle. The absence of a vehicle older than 5 years is an important criterion for banks. However, it can change from bank to bank for up to 8 years. If you intend to have an older car, you can still apply for a credit.

Requirements for Car Loan:

-18 years old

- To have regular monthly income

-SGK registration

- Credit rating height

Credit Rating for Easy Loan

The most important factor in obtaining a loan is your credit rating . If your credit history is positive, if you have paid your previous credits regularly, if your income and expenses are balanced, these will be positively reflected to you.