The car has long ceased to be a luxury and an unattainable dream. For most, this is a vehicle. This is evidenced by numerous traffic jams and clogged parking in the yards. And almost every third or fourth car purchased on credit. And one of the most popular brands has become Fiat.
How do Fiat loans work?
Today, a car loan is provided for both new and used Fiat cars. Almost all banks provide such services.
Having picked up a car, you should find out the loan conditions. Today, representatives of several banks are sitting in any car dealership. This is very convenient, as it eliminates the need for a potential client to visit each of them. And if there is a refusal in one bank, then you can get a positive decision in another.
As a rule, one of the terms for purchasing a car on credit is a down payment. By the way, the amount of interest will depend on its size. Fiat has special programs with favorable rates – Fiat Finance. If the installment is 30% or more, then the loan fee may be only 6.9% with a loan term of 24 months.
There are banks that allow you to buy a car without down payment. This is a very tempting offer, but it carries one unpleasant moment: the amount of interest can be unreasonably high.
In any bank, there is a rule: the more documents confirming the financial situation the borrower will provide when buying a car, the lower the loan rate will be. The standard set of documents includes:
- US citizen passport;
- income certificate
Such a package will allow you to purchase a car on credit on the most favorable terms. Many lending institutions offer car loans under two documents:
- citizen passport;
- any second document to choose from: driver’s license, international passport, pension certificate, military ID.
This option is also very convenient, but loan terms may be less comfortable. When entering into a car loan, the borrower must know that the car becomes a pledged item. This is a common practice, and, as a rule, the purchase of a car is accompanied by the signing of a pledge agreement.
How much will a new Fiat cost me?
BMW cars price starts at $ 19,235 and goes up to $34,705 for the top model 2019 FIAT 500e.
How much will a used Fiat cost me?
The price tag for a used car depends on its appearance, technical condition, model popularity, brand prestige.
What are the benefits of using a Fiat loan?
- Interest on a used car loan is several times lower than on a personal loan.
- You can get a car very quickly – often on the day the loan agreement is signed.
- In this case, no types of collateral will be required, since the purchased car will be a guarantee of loan repayment.
- You can participate in the trade-in program. It allows you to change an old car to a new one with a corresponding surcharge. In some cases, banking organizations provide additional bonuses in the form of a reduction in interest.
- Many banks are quite tolerant of customers who have used car loan services and are loyal to late payments.
- Sometimes car dealers make significant discounts to customers who purchase a car with a new car loan.
- There are a lot of car loan programs, and car dealerships, as a rule, provide an opportunity to choose.
- But the main advantage is the efficiency with which you can buy a car. Everything happens without unnecessary running around and standing in lines.
Also, our website provides detailed information about BMW loans and Ford loans. Webmoneyloans is always ready to help you.