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Financial pyramids use the desire to make money quickly, but in the end, a person loses his contribution. Many do not even try to return the lost funds, believing that it is useless. But you should not sit idly by - the active actions of investors help to stop criminal activity and get money back.

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Acquiring VTB

The choice of a bank to connect acquiring is dictated by the needs of sellers in the available functionality, the amount of launch and maintenance costs. After reading this article, you will learn about the features of VTB acquiring, tariffs, and the procedure for connecting it.

• Financial results

  Auto lending volumes in Zenit Bank increased by 5 times

  In January-September 2019, Zenit Bank managed to increase the volume of car loans by 5 times. In total, during the reporting period, the financial structure issued about 2,500 loans for the purchase of cars with a total volume of 2.3 billion rubles. The main growth driver for Zenit was the expansion of the geography of its presence in the car lending segment. For 9 months

  23 Oct 2019

• New Product

  UniCredit Bank launched 3 car loan programs

  UniCredit Bank has again launched the Prime car loan service, designed for those wishing to purchase a premium-class car worth at least 2.5 million rubles. lending - up to 7 years. Two other car loan programs

  18 Oct 2019

• Changing rates

  Energobank revised retail car loan rates

  Energobank has changed rates for basic car loan programs. As part of the AutoPremium service, a loan can now be issued at a rate of 9.9% per annum. From their own funds, borrowers must pay at least 30% of the cost of the car. It is not required to draw up an auto hull agreement and customer life insurance protection. Can do without

  16 Oct 2019

• Financial results

  "Uralsib" increased the volume of car loans almost 2 times

  In April-June of the current year, Uralsib increased the volume of car loans by 80% compared to the indicators of the 2nd quarter of 2018. For 3 months, employees of the financial structure issued about 3,800 loans for the purchase of vehicles for a total amount of 3 billion rubles. The average size of a car loan grew by 15% over the year - up to 800 thousand rubles. Uralsib

  05 Aug 2019

• Financial results

  Rusfinance Bank issued a record volume of car loans

  In April of this year, Rusfinance Bank provided customers with more than 10 billion rubles for the purchase of vehicles. The indicator increased by 2.5 times compared to April 2018. The volume of car loans issued by the bank reached a historical monthly maximum for the entire period of operation of the financial structure. According to Rusfinance Bank, a positive

  May 15, 2019

• Financial results

  Sovcombank is actively increasing its car loan portfolio

  Last year, Sovcombank increased its car loan portfolio by almost a third, to 69 billion rubles. According to the Frank Research Group, this is the best market dynamics for the reporting period. At the beginning of 2019, Sovcombank's market share in the car loan segment reached 8%. The increase in the share also turned out to be the most significant among the 5 largest

  14 Feb 2019

• Financial results

  Rusfinance Bank's car loan portfolio exceeded RUB 90 billion

  In early July of this year, the volume of Rusfinance Bank's car loan portfolio amounted to almost 91 billion rubles (+11% over 12 months). This is record data for the last 10 years. According to representatives of the credit structure, a significant increase in the financial indicator was achieved due to active work in the field of state programs for preferential car loans. Also

  12 Oct 2018

• Bank "Avers" offers to issue a preferential car loan

  7% per annum - at this rate, Avers Bank offers to issue a preferential loan for the purchase of a car. The maximum loan amount is 1 million 450 thousand rubles. To obtain a preferential loan, it is necessary to conclude an agreement on voluntary car insurance and an agreement on insurance protection of the life and health of the borrower. Treaty

  July 10, 2017

Few Russians have the opportunity to purchase the desired vehicle model right away, for cash, so almost all banks offer car loan programs. Interest rates and other conditions for granting a loan in different credit institutions, of course, will differ, and each potential borrower wants to get a profitable loan by overpaying as little as possible. In the review, we will look at what affects interest rates to a greater extent, and also talk about the three most profitable, in our opinion, car loan programs offered by banks.

WHAT AFFECTS THE INTEREST?

There are a number of factors influencing the policy of credit institutions in relation to interest rates on loans issued for the purchase of vehicles.

The main ones are:

Contract term. Probably, everyone already knows: the shorter the term, the lower the interest rate will be in the end;
- the size of the down payment - the larger its value, the less will be the overpayment on the loan;
- a package of documents. If a potential borrower can only present a passport to obtain a car loan, then the rate will be noticeably higher, and if he is ready to confirm income with a 2-NDFL certificate, then the interest will go down;
- currency. For loans provided in US dollars, the rates will be lower than for rubles, but with the current high and unstable exchange rate, this is more than unprofitable;
- the age of the car. We can say that the rates grow in proportion to the age of the vehicle, therefore, the “younger” the car, the lower the rate;
- registration of insurance. Almost all car loans imply CASCO insurance, but some banking institutions do not insist on insurance, compensating their risks with inflated interest rates;
- seasonal. As a rule, in spring and autumn, the demand for vehicles increases and the number of loans issued, too. Some banks take advantage of the situation and deliberately raise interest rates at this time, while certain credit organizations, on the contrary, reduce it in order to further increase demand.

To minimize overpayments on a loan, you can participate. In this case, the state compensates 2/3 of the bank's interest rate, but it will be possible to purchase a car manufactured no more than 1 year ago and assembled on the territory of the Russian Federation, which will not be to the taste of all motorists.

BANKS' OFFERS

Now banking institutions offer customers many car loan programs, in which the average Russian is not easy to navigate. To help you choose the most profitable car loan, we have compiled the TOP-3 best offers from Moscow banks, based on the following criteria:

Only new passenger cars of foreign production were considered as the object of the loan;
- the cost of the vehicle - 1 million rubles;
- term of the credit agreement - 3 years.

Let's go straight to the review.

Favorable conditions for conscientious borrowers are developed in Rosbank. Here you can take funds for a car at 17-18.5% per annum, subject to registration of a CASCO policy and a Life and Health policy in insurance companies accredited in this bank. When applying for CASCO on standard terms, interest rates will be 18-19.5%. The initial payment - from 20% of the cost of the car. Required documents: Russian passport, driver's license / international passport / TIN certificate / military ID, 2-NDFL certificate or in the form of a bank.

A good interest rate is offered by the car loan program “Proposal for a Million” by the bank “ VTB 24". With an initial payment of 20% of the cost of the car, the overpayment will be 14.9% -16.9% per annum. The borrower will be required to confirm income, it is possible in the form of a bank, documents - a passport of the Russian Federation and a choice: a passport, a driver's license, a military ID. The vehicle must be insured, and the first CASCO payment may be included in the amount of the debt.

The bank completes our top three Toyota”, whose main activity is the issuance of loans for the purchase of cars. Several different programs have been developed here, but the Standard car loan can be called the most profitable and corresponding to the parameters we set. Having made a minimum down payment of 30%, the borrower can apply for a loan for a car at 15.9%, and by making 40% of the cost of the vehicle, he will overpay less - 14.9% per annum. The contract can be drawn up according to 2 documents: a Russian passport and a driver's license or international passport, and if you provide additional documents - a copy of the work book, a 2-NDFL certificate or a certificate in the form of a bank, then you can reduce the interest rate by 0.5 points. It is possible to draw up an abbreviated contract, or without it, but with the addition of 3 points to the base interest rate.

As you can see, the initial payment on a car loan, ceteris paribus, has the greatest impact on the interest rate. And a potential borrower, based on their financial capabilities, must choose the best program for themselves.

The most profitable car loan is with state support. Read:

Current as of October 2016

January 2019

If you are puzzled by the question of buying a new car on credit, then the most important question on the agenda is: “Where can I get the most profitable loan to buy a car?”. We suggest studying the issue of obtaining borrowed money for the purchase of a car, as well as considering the most advantageous offers in the field of car loans.

Which banks offer the lowest interest rates on car loans?

A car loan is a loan of money for the purchase of a vehicle at interest. This type of loan is different in that it takes money specifically for the purchase of a vehicle. This type of loan is offered by almost every bank. Below we consider three banks with the most favorable loan offers for the purchase of a car.

VTB 24 Bank is one of the best financial institutions for obtaining a car loan. It offers its customers several car loan options:

• loan "AutoStandard" (interest on the loan starts from 10% for up to 7 years);
• "Autolight" - an auto loan from VTB 24 (does not require proof of income);
• car loan "Autoexpress" - the decision to issue money from 30 minutes;
• "Freedom of choice" - an auto loan for the purchase of a used car;
• "Driver" - the purchase of a foreign car on favorable terms.

In addition to such an extensive selection of car loan programs, VTB 24 offers advantageous special offers for the purchase of a car:

1. State program (car loan with state subsidies at a rate of 5.5% per annum).
2. LADA Special (special offer for buying LADA on the most favorable terms).
3. AutoPrivilegia (a favorable special offer for the purchase of a foreign car worth from 1,500,000 rubles).

Of course, VTB 24 is one of the best banks for car loans with a huge selection of different programs and special offers for every taste.

RosselkhozBank offers two main car loan programs:

1. Loan for the purchase of a new car (from 12.5% ​​per annum).
2. A loan for the purchase of a used car (from 16.5% per annum).

The conditions for buying a car on credit are as follows:

• the maximum amount of credit funds - up to 3 million rubles;
• down payment - 15% of the cost of a new car and 25% - when buying a used car;
• the loan is granted for up to 5 years;
• the car being purchased is the collateral;
• consideration of the application up to 4 working days.

This bank offers the following car loan options:

• A car loan with state support for a new car worth no more than 1,450,000 rubles.
• Car loan for a used car from 600,000 rubles.

Conditions of LokoBank for the purchase of a new car with state support:

• interest on the loan - 6.4% and 7.5% (for a loan for up to 12 and 36 months, respectively);
• down payment - from 20%;
• loan term - up to 3 years.

Conditions for a car loan without state support:

• interest rate - from 12.4% per year;
• initial payment - from 30%, or from 15% at an increased interest rate;
• car loan term - up to 7 years.

For buying a used car, the following conditions apply:

• term of the loan agreement - up to 7 years;
• obligatory registration of CASCO and OSAGO;
• initial payment from 40% or from 15%, but with a higher interest rate;
• interest rate from 12.9% per annum.

Auto loan with state support

Some banking organizations offer loans for the purchase of a car with government support. Let's talk about this in more detail.

The state provides an opportunity to purchase a car with the attraction of credit funds at the lowest interest rate. Such an offer is extremely profitable, but not all financial institutions offer such programs to their customers. For these state subsidy programs, the interest on car loans was reduced by 6.7% per annum. Behind this offer there are several conditions for the borrower:

• the loan must be fully repaid no later than 36 months;
• the loan amount is up to 1.45 million rubles (you won’t be able to buy a car more expensive than this amount);
• the purchased vehicle must be produced no earlier than 2016-2017;
• The new car is collateral for the loan.

Lowest car loan interest

In this part of the article, we will consider banks with the lowest interest rate on car loans. It is important to know here that the percentage value can both decrease and increase.

In the same bank, the percentage can “jump” very strongly, this is influenced by the following factors:

1. A bank may offer several different car loan programs, each with different terms and conditions and different interest rates.
2. You can achieve a lower interest rate if the borrower is a bank client (for example, the borrower has a salary card here, to which wages are regularly accrued).
3. The interest on the loan varies depending on the documents provided. If you apply for a loan with a full package of documents, then the rate will be lower. If the car loan is issued according to two documents, then the interest rate will increase.
4. The higher the down payment on a car loan, the lower the interest rate.

If a car loan is supported by the state, then the interest rate will be significantly lower, but a number of additional conditions pop up here:

• you can only buy a Russian-made car or a Russian-made foreign car;
• the maximum cost of the car - 1.45 million rubles;
• year of manufacture of the car - not earlier than 2016-2017;
• term of the credit agreement - up to 3 years.

Bank's name	Loan program	Bid (%)
	New cars under the state program	10%
	New cars without government subsidies	16,7%
	Foreign cars from 1.5 million rubles	From 11.1%
	Car loan for used cars	From 11.9%
	Buying a new car	From 12.5%
	Buying a used car	From 16.5%
	Car loan for a new car	From 6.4%
	Car loan for a used car	From 12.9%
UniCredit Bank	Prestige Program	From 12.9%
	Used car loan	From 14.9%
	Loan for a new car	From 15.4%
	Auto loan with state support	From 8.7%
Rusfinance Bank	Loan for a new foreign car	From 16%
	Credit for a used foreign car with mileage	From 15%
	Loan for a new domestic car	From 14.5%
	Loan for a domestic used car	From 15%

Please note that the interest rate will change up or down depending on the conditions of the bank. The table shows the minimum possible rate for car loans.

Which car is better: new or used?

Can't decide on a car? Not sure which car is better: new or used? We will try to help you.

Purchasing a new car

A new vehicle is always better than a used one, you can't argue with that. But let's weigh the pros and cons.

Advantages of buying a new car on credit:

1. The most significant plus is the technical condition of the car. A new car will not let you down on the road. You will always be sure that your vehicle is in good condition, and in the event of a breakdown, the car will be repaired under warranty.
2. The interest on a loan for buying a new car is lower than the interest on a loan for a used car.
3. Some car loans for the purchase of a new car are supported by the state. A loan for a car with state support is very profitable, since the interest on it is significantly reduced.

Of the minuses, one can only note a higher price in relation to the price of a used car.

Used car loan

The only advantage of buying a used car is the low price of the car itself. But there are plenty of downsides to this purchase:

1. Interest rates on used cars are higher than on a new car loan.
2. Loans for used cars are not supported by the state.
3. Since the car is not new, its care requires more attention from the owner, and these are additional costs for maintaining such a car.

Consumer loan to buy a car

In addition to a specialized car loan, the purpose of which is to purchase a car, you can take a regular consumer loan for any purpose. Within the framework of this article, we will not consider the issues of obtaining a consumer loan. More details about this type of lending can be found in the relevant article.

Not all banks provide car loans, and a consumer loan can be obtained from almost any bank.

Benefits of obtaining a consumer loan to purchase a car over a car loan:

• you can not draw up a CASCO insurance policy (when receiving a car loan, a CASCO policy is a prerequisite, which significantly hits your pocket).
• when buying a car with money from a consumer loan, the car will not be an object of collateral, as is the case with a car loan.

Purchasing a car on credit from an authorized dealer

All car dealerships cooperate with a large number of banks, so you will not have problems choosing a suitable financial institution and a lending program. Interest on a loan in a car dealership will be overstated, since the car dealership is an intermediary between the borrower and the bank.

If you find an official representative of a particular car brand in your city, then you can get a car loan on the best terms. An official dealer often offers profitable promotions and special offers on cars of his own brands.

What documents are required for car loans?

In order to get a loan for the purchase of a car, you will need to prepare certain documents. By collecting the required list of documents, you will increase your chances of getting a loan with a better interest rate.

The documents required for obtaining an auto loan are as follows:

1. The passport.
2. Driver's license or TIN.
3. Loan application form.

The first two documents are mandatory and they are quite enough to get a loan. But on the basis of only these two documents, the bank will not be able to fully assess the solvency of the client, therefore, the interest on the loan and the amount of the down payment will increase.

Finally

After reading this article, you should have an understanding of all the intricacies of car loans. Take your time with the purchase, carefully consider all the points and study all bank offers. When concluding a loan agreement, carefully read all the documentation. We wish you good luck in purchasing the car of your dreams!

Related videos

Many dream of a new car, but their own funds for such a large purchase are often not enough.

In such cases, credit programs come to the rescue.

Their choice is now extensive, each with its own conditions, advantages and disadvantages.

This article will help you decide which loan is more profitable to take to buy a car in your case.

For those who want to take a loan to buy a car, a large number of programs have been developed:

Consumer credit - a loan that is issued for the purchase of durable goods, including cars. It is possible to sell with a deferred payment or provide cash for the purchase of goods.

It happens targeted and non-targeted, when, in case of approval of the loan, a person has the right to spend the issued money at his own discretion.

Advantages

Consumer lending is a profitable option for buying a car. There are a number of reasons for this:

• car dealers often encourage customers who pay in cash;
• there is no need to buy CASCO, which is required by many creditors - you can save up to 15% of the cost of the car;
• the dealer is not tied to a bank, so the buyer has the right to choose where to get a loan and from whom to buy a car;
• the machine immediately becomes the property of the buyer, who can dispose of it at his discretion.

Another plus of a consumer loan is that it is not always required to secure it.. This saves time and money on paying for property valuation services.

When providing collateral, the bank can lower the interest rate and make other conditions more favorable.

disadvantages

In the absence of collateral, it is more difficult to get a loan, and even if it is approved, interest rates are higher.

Guarantors are still required, and when requesting an amount of more than 300,000 rubles. for personal needs, the guarantee of the organization is necessary.

Also, to obtain a large consumer loan, you need various documents, certificates from the employer. For those who receive a gray salary, and for pensioners, this type of loan for the purchase of a car is not available.

Car loans

Car loan - a type of targeted loan. This is a state loan that is issued for the purchase of a specific product - a car. After signing the contract, the buyer can immediately use the vehicle.

pros

Many are interested in whether it is profitable to take a car loan or is it better to use a consumer one.

It has several advantages:

1. Low down payment - usually up to 30%. Sometimes it reaches 50-70%, but in such cases interest rates are reduced.
2. There is no need to look for guarantors.
3. There are preferential car loan programs that allow you to get a profitable loan at minimal cost.

Minuses

A significant drawback of car loans is the ability to purchase only the car that the buyer has chosen in advance. Another prerequisite is that the car dealership must cooperate with the selected bank, otherwise the loan will be denied.

When applying for any car loan, you must purchase CASCO, which entails considerable additional costs. Insurance will have to be paid every year - such a condition is included in the contract.

Some banks limit the number of drivers that are allowed to be included in the insurance.

The car is pledged to the bank until the loan is fully repaid.. This means that it will not be possible to sell or exchange it if necessary.

Making a car loan in the salon

Consider where it is better to get a car loan - at a bank or at a car dealership. In reality, these options have little difference.

Dealers offer regular loans that are taken from banks. Money is given at interest on the purchase of a car. The less the lender is sure of the return of funds, the more the buyer will have to overpay.

Advantages

Still, there are some features of obtaining a loan in a car dealership.

The advantages for the buyer are obvious:

• convenience - everything is arranged in one place;
• saving time - no need to spend it visiting other organizations;
• discounts, bonuses, gifts - often car dealerships offer free additional equipment for those who make a purchase on credit;
• favorable lending conditions - usually these are reduced rates, but you should carefully study the contract and evaluate the real overpayment.

Weak sides

The car dealership acts as an intermediary between the buyer and the bank, but he always takes care of his own benefit. Therefore, there are also disadvantages of obtaining a loan through a dealer:

• limited choice of credit programs - because of this, the conditions for the buyer may not be the most favorable;
• the inability to choose a bank for obtaining a loan - due to the deliberate actions of car dealership employees or their inattention or negligence;
• expensive insurance - a certain company is imposed on the buyer, which offers not the best conditions.

"Underwater rocks"

Some car dealers go for tricks when selling cars: hide the real price until the last moment, impose additional equipment, you can even run into scammers.

Lending conditions are not advertised, which makes the loan unprofitable, although people also face this problem when visiting banks.

In order not to fall for the trick and not overpay too much, carefully read all the documents that you are going to sign.

Contracts in car dealerships are drawn up by competent lawyers. If the client signs the document himself, it will not be possible to find fault with the dealer and his actions.

Ads give the false impression that car dealers provide loans for their cars.. At first, it seems that banks are not even mentioned.

In fact, to conduct financial activities, you need to obtain special licenses, organizations in this area are subject to special requirements.

Therefore, loans are issued by specialized institutions - in small print on the website or in the advertising brochure it is always written which bank provides the service.

Some automakers have so-called captive banks: Toyota Bank JSC, Volkswagen Bank RUS LLC.

Nevertheless, these are separate companies that conduct exclusively financial activities. They are united with dealers by only one founder, and even then not always.

Special lending programs from car dealerships

In 2019, the trade-in and buy-back programs offered by car dealerships are becoming more and more popular. In some cases, they really turn out to be beneficial for buyers.

According to the rules of the program, the first payment on the loan is the cost of the old car.

Significant benefits for the buyer:

1. Easy and fast replacement of a used car for a new one.
2. Save time - no need to sell, look for buyers on your own.
3. Diagnostics of the car in the showroom, the possibility of a test drive - this eliminates the risk of getting a low-quality car.

The program also has disadvantages.. You can buy only one of the cars that are available in the showroom, and this seriously limits the choice.

And the dealer buys an old car at a price 10-15% lower than the market price.

The program assumes the presence of a deferred payment, which is paid by the buyer or car dealership.

The scheme is as follows: a loan is issued with standard conditions for 1-3 years. The down payment is 15-50% of the cost of the car, and monthly payments are calculated so that by the end of the loan term, 20-40% of the amount remains unpaid.

The buyer has the right to pay the last, deferred payment in order to keep the car. He can also sell the car at this stage, pay off the debt from the amount received, and use the balance as a down payment on a new car.

If the buyer wants to keep the car for himself, but he is unable to pay off the deferred payment, the bank can extend the loan term. In this case, you will have to pay additional interest.

The buy-back program is optimal for those who like to change cars, constantly acquiring new car models.

The benefits for the buyer are obvious:

1. Due to the last large installment, the monthly payments are lower.
2. You can sell the car when not all the debt has been repaid, and pay it off later.
3. After paying off the deferred payment, you can dispose of the money from the sale of a car at your discretion.

The disadvantages of the program are also quite significant:

1. Despite the lower monthly payments, the total overpayment is higher than for a conventional car loan.
2. You need to drive a car very carefully so that its market value does not decrease.
3. A prerequisite is full payment of CASCO and OSAGO.
4. Car service is possible only in official service centers.
5. Permanent credit dependence: the rest of the sale of the old car is used to pay off the first installment on a new one, and so on in a circle.

In the West, leasing a car is very popular, since this method allows you to get a car without first saving money. In Russia, there are much fewer people who want to use this scheme.

The essence of car leasing is that a person takes possession of the car for a while, regularly making payments for using it. Long-term car rental is issued easier and faster than a loan, this requires a minimum package of documents.

Other benefits of car leasing include:

1. The ability to choose any car that the leasing company will buy you.
2. The leasing company is also involved in registration and insurance.
3. Payments are much lower than under any loan agreement.
4. The amount of regular payments depends on the initial payment and the residual value.
5. At the end of the contract, the car can be bought back or returned to the leasing company.

Which loan is better to take to buy a car depends on the individual and his goals.

If you want to buy an expensive car, it is more profitable to take a car loan, and to buy a used car or a new, but inexpensive one - a consumer loan. Leasing will be an excellent solution for a person who does not plan to buy a car for a long time.

Before buying, you should carefully analyze your goals, financial capabilities and offers from various financial institutions. This will help you choose the best loan program.

Today, banking institutions and car dealerships exist in beneficial interaction, providing car loans to those customers who decide to buy a car. Under current legislation, only banks can provide auto loans. For official dealers, this cooperation becomes an excellent opportunity to increase their sales and receive an additional percentage of the cars sold.

Conditions for car loans in 2018

For 2018, the conditions for a car loan are quite attractive from most leading banks. Cooperation with car dealerships implies a number of programs through which the applicant can buy the car he likes. But the question of how profitable these programs are should be considered separately.

Today, banks provide targeted car loan programs with a reduced interest rate, preferential interest-free car loans, various stock loans for certain brands and models of cars. All this is done in close cooperation with car dealerships and each side receives its own benefits.

The main conditions for car loans are as follows:

• the presence of a passport with citizenship of the Russian Federation, as well as permanent registration at the place of registration of a car loan or in the region where the bank is present;
• the second document that will confirm personal data, most often this is a driver's license;
• certificate of income and a copy of the work book officially confirmed by the employer.

The last point is not mandatory, many car dealerships are ready to issue a car loan with just two documents. However, if we are talking specifically about the bank's program, then confirmation of income will be an opportunity to reduce the interest rate.

To get a profitable car loan, you should also take care of the down payment. Quite a few banks are ready to consider applications for which funds for the purchase of a car are fully provided by the bank. Typically, the down payment is from 10-20%, the higher its share, the more profitable the interest rate will be.

What is the best car loan

Car dealerships offer each of their car loan programs as a bargain. However, it should be understood that not a single financial institution will miss the opportunity to benefit. Otherwise, it is no longer financial, but charitable. In this vein, it is worth considering individual car loan programs in more detail.

The minimum interest rate for a car loan in a car dealership is possible if the client fully meets the requirements. That is, it provides a down payment, confirms its solvency, and provides CASCO insurance. Such a client is beneficial for its reliability, and therefore a car loan can be provided on minimal terms.

In case of refusal of auto insurance, failure to make a down payment and the provision of only two documents, a car loan can only be issued in some banks at an overestimated percentage. Car dealerships usually refuse in such cases.

Preferential interest-free car loans also have their own nuances. Usually it is transferred immediately to the bank under a factoring scheme. To make a profit, the dealership increases the cost of the car, which means that the client overpays in any case. You will also need CASCO insurance, often in those companies with which there are agreements. Interest on insurance is often too high.

There is also a state program that allows you to get a car loan at a reduced interest rate. In this case, the state bears part of the costs by providing subsidies for car loans.

Often, car dealerships do not provide ownership of the purchased car until the car loan is fully repaid. With this point, you should be careful.

Comparison of a consumer loan and a car loan in 2018

An increase in the interest rate on a car loan creates situations where it becomes more profitable to take a consumer loan. It has its advantages over car loans:

• there is no need to make an initial payment;
• CASCO insurance is also no longer needed;
• the purchased car will not be listed as a pledge.

At the same time, the percentage of consumer credit may well be at the same level as the interest rate on a car loan in a car dealership.

Is it worth taking a car loan at a car dealership - expert opinion

Opinions and reviews of experts on the issue of whether it is worth taking a car loan at a car dealership vary greatly. On the one hand, experts agree that this is a convenient opportunity to make a purchase with comfort and without unnecessary hassle. But there are so many nuances in this issue that the advantage of car loans according to reviews becomes doubtful.

Car dealerships cooperate with a narrow circle of banks and banking programs. Accordingly, you will have to issue a car on their terms, and they are not always loyal. Expert reviews recommend that you familiarize yourself with all the offers in detail, compare and calculate the benefits. If necessary, seek advice from a financial specialist.

Moreover, there are many banks that approve the loan and provide time to choose a car in different car dealerships.