Car loan is drawn up for 5-6 years in a financial institution. During this time, the car is morally obsolete, and it is impossible to buy a new one due to debt. Bank interests can be reduced, and the old loan conditions are worse than the real. There are two types of programs that allow you to change the conditions of car loans that are beneficial to both parties: one program offers to exchange a car, the other is a change in the lending contract.
1
Car detection service offers car dealerships selling foreign second-hand cars and new domestic. The essence of the deal - the salon will buy a car from the client, and sells another. Funds from the realized car go to pay again purchased, the loan is drawn up to the difference between the cost of cars.
2
With such a refinancing program, the borrower can replace its car for foreign, younger than 10 years old, or on domestic, not older than 5 years. The percentage of monthly payments depends on the financial state of the client, usually does not exceed 12% per annum
3
You can also sell a car with an unpaid loan dealer. The funds received will go on the repayment of the former car loan and on the first installment for the new purchase. The remaining amount on the previous loan and the cost of the new car pays the Bank, agreed to conclude an agreement on refinancing of the car loan.
4
To reduce the debt load, the tenant must be in the bank with a statement about refinancing and clarifying its causes. This includes: a change in the income of the borrower, the emergence of profitable suggestions for lending. It is necessary to bring evidence - references from the place of employment, hospital sheets.
5
With the bank it is worth discussing issues to solve your problem: an increase in the loan period to reduce constant payments; payments within a certain period of only interest on the loan; obtaining a new loan on more favorable terms for repayment of the first; Failure to purchase with subsequent implementation and repayment of the car loan.
Constantly controlling changes in lending conditions, the borrower can improve the conditions taken earlier by car loans, this will eventually turn into a habitual service.
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