Used Car Loans: Products not to be missed
Used car loans are very important alternatives for accessing credit when planning the purchase of a vehicle. It is fundamental to remember that they are characterized by slightly higher rates than those applied in the case of purchasing a new car, this because of the greater risk of insolvency.
Auto financing Capital Lender: all the information
When it comes to used car financing, there are several plans proposed by credit institutions or financial companies. In this category it is possible to include the financing for new or used cars made available by Capital Lender, plans that have the main advantage of being able to submit the request online.
How Capital Lender auto finance works
How do used car loans offered by Capital Lender work ? Here are the main details of these products:
- Ability to submit requests directly online, with the certainty of a feasibility response within 48 hours
- Ability to access credit to buy used cars, but also new vehicles at km 0
- Possibility to change the installment amount without costs
These loans are also free of stamp duty, expenses for the collection of the installment and management costs of the file. We conclude by remembering that the customer has the opportunity to apply for a loan between $ 1,000 and $ 60,000.
To get a clear idea of the specific characteristics of the loan, let’s assume the request for $ 10,000 and the choice to repay everything in a 96-month period. In this case, a monthly installment of $ 133.40 will be charged to the main beneficiary of the loan, with a fixed TAN and APR equal to 6.40 and 659%.
Used car financing: this is what Best Bank offers
Another credit institution that makes used car loans available is Best Bank. Also in this case we can talk about the convenience of loans that can be requested online and the possibility of managing everything in an extremely flexible way, choosing which part of the amount to be allocated to the purchase of the car and which to accessory options or registration costs.
Best Bank loans, as already mentioned, can be requested online with the certainty of a feasibility response within 48 hours.
How does Best Bank used car finance work?
To understand how Best Bank used car loans work, we assume the request for a total sum of $ 10,000. In this case, the principal beneficiary of the loan would have an installment of $ 111 per month, considering the choice of an amortization plan lasting 120 months (fixed TAN and APR equal to 5.56 and 6.17 respectively %).
This simulation therefore provides for an overall debt payable by the beneficiary of $ 13,320. There are also investigation fees of $ 200 and no type of burden regarding stamp duties and management of the file.