by Everyone dreams of profitably buying a car on credit due to the high cost of vehicles and the unstable economic system. Earning enough to buy a car outright can be extremely difficult, and saving 100% of the amount can take months or years. In such cases, any Ukrainian starts to consider leasing a car, which means arranging without full payment and receiving the vehicle immediately. Where is it more profitable to buy a car on credit? Is it worth contacting a bank for such a purchase? Where to find the best cars? Everything in order next.
It is possible to profitably buy a car on credit if you minimize additional contributions and fees, as well as find a company with a low monthly interest rate. You can learn about the conditions of some companies online, while others offer consultations by phone or directly at the office/on the site.
Is it worth contacting a bank to buy a car on lease? By contacting the bank, the process will certainly be safe but more complicated, as there will be additional restrictions or conditions. For example, many banks limit the age of the car at the time of loan repayment (no more than 10 years at the time of debt repayment), set boundaries based on the client’s age, as well as work experience and salary. Another disadvantage is the excessive number of checks and questions about credit history.
Where to find the best cars and profitably buy a car on credit? You can consider roadside platforms, which are companies that buy back and arrange leasing cars. It’s essential to ensure the brand’s reliability, meaning you should check documents, reviews, and work experience in the market.
How much money is needed to buy a car on lease? For this type of purchase, it will require 10-20% of the vehicle’s cost since when signing the installment agreement, you will need to pay an initial contribution for the car. Additionally, you will need to pay the same amount monthly to pay off the debt and commission on the car.
For example, you can profitably buy a car on credit with PlanetAvto. The initial contribution starts from 10%, the loan term is up to 5 years, more than 8000 cars on the PlanetAvto website, 30 locations across the country, and the convenient service of the PlanetAvto company. You can get a consultation by phone, you only need to choose a car on the site and leave your contact details.
