Did you know that from our company you can also sign car loans or vehicle loans ?
Because it is not really only cars that you can provide as a guarantee, motorcycles for example are also valid in this financing.
If you are interested in knowing the characteristics of our car credits, then we are going to show you.
Car loans and characteristics of our credits
The most important thing to note is that here customers can process different types of vehicle loans.
On the one hand we have the loans on vehicles in deposit and on the other we have that credit that can be signed in circulation.
It is necessary to point out the differences between each of these quick loans as there are many differences between them.
Despite being both vehicle guarantee loans, both in the way they are processed and in terms of conditions are very different.
❶ Loans on vehicles in deposit : Through this financing the vehicle provided as collateral will be deposited.
What this means is that the owner of the vehicle will not be able to circulate with it as long as the credit has not been canceled.
For that reason it is that this financing only makes sense to sign it in case you have in mind to make the return in a short space of time.
Signing one of these car loans so that you can't use the car for a long time later doesn't make any sense.
Even so, this is the option that from MaoriArt we usually recommend to clients since it has better conditions than the second.
First, because the interest rates and expenses of the operation are lower than those seen in circulation, and second, because here customers can get higher amounts.
It is not the same amount of money that can be received by the person who signs the pawn for vehicles on deposit as the one who signs it in circulation.
As the finance company runs a lower risk in loans on deposited vehicles, it can give a greater amount of money for the vehicle in question.
Consequently, we can say that this would be the ideal financing when the client seeks the maximum amount of money on the guarantee provided.
Also if you think about it for most financial needs, not being able to use the vehicle for a while does not have to be a problem either.
Taking into account that these quick credits are usually canceled in a period of less than 4 months, having it without using that period should not be a problem.
And it pays to do it both for the greater amount we can sign and for the differences in the cost of financing.
❷ Loans on vehicles in circulation : It is just the opposite of the one seen previously.
Here customers can continue to circulate with the vehicle but in return they receive less money and also the cost is higher.
It is higher both in interest rates and in expenses incurred in signing the loan.
Vehicle loans and advice we give
If what you are looking for is to sign one of these vehicle loans, our advice is that you always do it thinking about making the return in a short time.
This financing is not made to be repaid in the medium or long term, quite the opposite.
It is one of the ideal loans to get out of the Credit Checker as well as to get quick money at any given time.
As a company that offers them and if you are interested in processing one of these car loans, you just have to ask.
Vehicle loans and car loans with our company