Understanding the Repayment Capacity and Terms of Credit Financing

A credit commits you and must be repaid. Check your repayment capacity before you commit.

No payment in any form whatsoever may be required of an individual before obtaining one or more money loans.

Example of financing in Credit(1) over 48 months for this second-hand RENAULT SCENIC XMOD vehicle sold at the price of €10,499.0 including tax with a down payment of €2,000.0:
i.e. a financed amount of €8,499.0, repayable in 48 monthly installments of €201.75 (2) excluding insurance(s) and/or optional service(s).

Total amount due excluding insurance(s) and/or optional service(s): €9,684.00.
Fixed lending rate of 6.5501%, fixed APR of 6.75%.

Total cost of the loan €1,185.00 including interest of €930.03, including administration fees of €254.97 spread over the first 3 months.

In the case of a special offer on the price of the vehicle, the total amount financed includes promotional offers and government aid (conversion bonus, ecological bonus?) deducted (according to eligibility criteria in force).

(1) Offer valid from 05/08/2023 to 05/09/2023, reserved for individuals at all distributors participating in the operation. Subject to final acceptance of the financing file by CGL, Compagnie Générale de Location d’Equipements – SA with a capital of 58,606,156 euros – 69 avenue de Flandre 59700 Marcq-en-Barœul – SIREN 303 236 186 RCS Lille Métropole. CGL is a Société Générale Group company.

(2) Example excluding optional personal insurance. Cost of optional personal insurance [décès et Perte Totale et Irréversible d’Autonomie] : Effective Annual Insurance Rate (TAEA) 3.437%, €12.75/month in addition to the rent, i.e. a total amount due of €612.00 under this insurance over the total duration of the financing (3).

(3) Pricing for a person aged 18 to 59 inclusive, eligible for the membership conditions.

Collective insurance contracts “Personal Insurance” and “Driver Assistance Permit Protection” taken out by CGL with SOGECAP and SOGESSUR respectively – companies governed by the Insurance Code and EUROP ASSISTANCE. If your state of health does not allow you to benefit from standardized insurance conditions, the AERAS agreement allows you to have appropriate solutions, subject to eligibility which can be checked on the website. Our AERAS referent is at your disposal on 03 59 39 61 38. Contracts presented by CGL, insurance broker, ORIAS n° 07027148 (www.orias.fr) via its agents.

Contract for the provision of “Revisions and Wear Parts” services and collective damage insurance contract for “Tyre Repair” taken out by CGL with OPTEVEN SERVICES and OPTEVEN ASSURANCES respectively. Contracts presented by CGL, insurance broker, ORIAS n° 07027148 (www.orias.fr) via its agents.

2023-08-05 21:20:53
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