Used Car Loans, These Stages That Must Be Passed
Having a car is already a dream of many people. This four-wheeled vehicle has indeed become a favorite for many people to travel because public transportation is still far from comfortable. So no doubt if then the current road is filled with many private vehicles.
This car, which is still a category of expensive goods and tertiary needs in Indonesia, is now no longer a serious obstacle for some people who want to own it. The reason is now by applying for credit at a place of financing someone can quickly have the car they want and need. If a new car loan is still considered expensive, then there is the next solution, used car loan.
Many people do have problems in buying cars in cash
But with the used car loan facility provided by this financial institution, you will be facilitated to get a vehicle with a low price and installments. However, when applying for this credit you must be careful.
The reason is, with the increasing number of existing credit financing institutions, several cases of fraud have occurred and it is not impossible that it will happen to you. Therefore, choosing a financial institution that is trusted and has good credibility is one of the effective tips to get a used car loan.
But is just getting a good place to lease this you are comfortable enough? Of course, not, there are some things from used car loans that are important for you to pay attention to such as convenience and price. If your submission must be passed through very complicated coupled with high interest, of course, this will make you upset.
So from that try to also take into account the ease and price factors offered by the leasing party. To discuss more how to apply for a used car loan that is safe, easy and cheap, then try to look at the following ways.
Buy from Individual or Used Car Dealers
The first way or tips to apply for a used car loan that is safe, easy and cheap is to determine the source of the used car that you get. Existing source or used car will indeed determine the price you can. If you get a car from a direct buyer, of course, you will get a cheaper price and also the submission will be much easier than you submit it from a dealer or leasing.
Especially if you buy it from someone you know well, this will certainly make you more likely to get cheaper prices and installments and easier submissions. But if you submit it from a dealer or leasing, of course, you are required to submit and fulfill several requirements.
After the requirements are met, you also have to prepare in high installments. This is because used car loans at the dealer make you have to bear some additional costs such as fiduciary fees, insurance costs, and provision fees.
Prepare a Down Payment or Down Payment
When you will apply for a used car purchase on credit, especially at a dealer, you will certainly be required to pay an advance (down payment). Down payment (down payment) you will find at several dealers or leasing with a variety of prices. In order to maintain security, of course, you should not be tempted by the offer of a very cheap down payment.
But more about this you certainly have to be prepared for an advance that you will pay when applying for a used car loan. Do not let all administrative problems are complete and complete, you are not even ready with your down payment. Of course, this will prevent you from immediately having the car you need.
Select Trusted Leasing
If you apply for credit at a dealer or leasing, you must choose the dealer or leasing carefully. Dealers and leasing companies that provide used car purchases on credit are already numerous.
Therefore, choose a dealer or leasing money to facilitate the filing and payment of installments. Don’t forget to choose a credible and trusted dealer or leasing to avoid fraud.
Prepare the Required Requirements
After everything is ready, the last step in applying for a used car loan is to prepare the necessary conditions. Although some of these dealers or leases have different requirements, in general terms for applying for used car loans are photocopies of ID cards, family cards/marriage certificates, domicile certificates, last electricity bills, salary slips, and so on.
Test Drive and Check the Condition of the Used Car You Want to Buy
The last thing you have to do is do a Drive Test and check the condition of the car you are going to buy. Starting from the exterior of the car, interior, engine and car accessories are things that you need to check seriously. Especially with regard to engine parts, you have to be uncompromising to ensure that the engine is in good condition.
The engine is indeed something absolute for a vehicle. Even though this is a used car, it’s not impossible that you can get a car with a good engine. So if you can get a good machine on a used car that you credit, you will be able to get profits.
To find out whether or not a good car engine, then inevitably you have to do a driving test. Don’t forget to ask the car owner when doing this driving test for you to ask about the car you are going to credit. While doing a test drive you can ask for the completeness of the car documents.
It’s useless if the engine and the condition of the car are good without the support of complete vehicle documents. If you’ve done a test drive and are comfortable with the engine and the performance of the car and the paperwork is also complete, then you don’t need to hesitate to buy it right away. So, ready to apply for a used car loan?