Car loans without overpayment. Is it possible?

Car loans without overpayment. How beautiful it sounds! And sometimes there such incredible generosity banks really? This is simply ideal for the borrower. He has designed a car loan at 0%, which in this case is a single installment, the payment of all! Your new car! It does not sound very realistic, but this is possible.

So, where you can buy a car in installments? It is worth noting that if you plan on buying a used car, the payment of interest is inevitable. Banks do not lend to a category of vehicles. But the new car in installments - please! It does not matter it's a foreign car or home producer.

First, you need to find a salon that offers its customers the service. Of course, the credits are not the shop, and bank partner. Without Interest Car Loan provides every room, one might even say, rare. But this is usually accompanied by a large advertising company, invited prospective borrowers. And those who are really interested in this operation, can easily find the right dealership for advertising posters or through the internet and apply for car hire.

It is understood that once the bank has low profit by providing interest-free car loan (small percentage of banks still receive, though not by the borrower, and the store), then the terms of credit, and the requirements for the borrower rather high.Apply for car hire can only be a short time. Usually this year - two rare exceptions three. Initial fee is high - at least 40% of the value of the car, and often and 50%. Such demands are not everyone's strength.

If the first installment is still possible to manage, just sell the previous car and raising money for him, then with a short term loan more problems. The fact is that no bank will approve a car loan with no interest, monthly payments are more than 40% of the borrower's income. Say, if you purchase a foreign car hire cost 800,000 rubles for two years. Payment of the first installment is paid 400,000 rubles more. By simply counting out the monthly payment on the loan of about 17,000 rubles. It turns out that the income of the borrower should be a little more than 40,000 rubles. How many people have the income? With that, the official. No, so car hire is not available to everyone.

So, buy a car in installments can actually be and that's not a publicity stunt dealers. The only thing required will need to pay car insurance on hull and a fee for the issuance of credit, these items are included in the loan amount.