Automotive financing is a product offered by banking institutions so that people have access to a means of transportation.
By: Edel Osuna
Although many people prefer to buy a second-hand car, thinking that investing in a new vehicle is actually cheaper and safer in the long run.
And a used car brings some inconveniences, like all items that are no longer new; In addition, they are afraid of incurring large expenses, which could be saved with an already used cart.
However, there are alternatives to buying a car and not just to spend money at once, but with a financing automotive, which is obtaining a loan to buy a car, paying the initial cost or down payment, to pay the rest in monthly installments.
THE MOST ECONOMIC AUTOMOTIVE CREDIT, ACCORDING TO CONDUSEF
Therefore, if you have the idea of getting a new car, from an agency, but you do not have the money, but you do have the possibility of paying a monthly payment, the National Commission for the Protection and Defense of Users of Financial Services (Condusef) gives you information so you can choose the automotive credit more economical.
Now, there are banking institutions that offer these credit schemes to buy a car and there are banks that charge less interest.
According to the CondusefAfirme bank is the most economical option for purchasing a new vehicle, as it offers financed or cash insurance, which makes it the best alternative.
Other banks that offer low-interest loans are Scotiabank and HSBC, making them viable options for buying a car.
THE MOST EXPENSIVE CREDITS FOR THE PURCHASE OF A CAR, ACCORDING TO CONDUSEF
Now, on the other hand, Credijal is the financial institution that has the highest interest rates with both cash and credit insurance.
Something that is important to highlight is that the interest will depend on the credit institution and the terms agreed upon in the loan contract. financing; For this reason, it is advisable to go to a financial advisor to guide you before meeting.
Now if you want a more precise comparison, Condusef makes available the Simulator Automotive creditso give it a try and compare which bank or financial institution suits you best.
2023-12-16 22:34:31
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