When the awaited arrived. You have decided to buy the first car family. DompetPintar congratulations! Do not worry if you can not buy the dream car in cash, because after all there are still loan options. Well, before the transaction there are a few things you should know to avoid the trap of bad credit.
Buying a Car With a Credit carefully - DompetPintar.Com
realistic
Make sure your monthly income and count how 30% of the income. That's the number that you can allocate to debt and repayments. If at this time you still have other debts or monthly installments, deducted the debt with the allocation of 30% of income. Well, this is the maximum amount of your new car payments.
Suppose that your current income is 10 million per month, meaning that your debt allocation is 3 million per month (30% of 10 million). If you currently have a home mortgage loan at 1.5 million per month, means car payments amounted to a maximum of 1.5 million.
After knowing this figure, adjust the type of car with the maximum amount of your mortgage. Do not force yourself to buy a car that costs far above the capabilities of your mortgage. If this happens, you will most likely get stuck in bad loans.
research
Do not just go to a dealer, if possible go to all the car dealers in your city to obtain the most excellent offers, including offers of credit with the lowest interest rates. If you do not mind a used car, try your luck looking for a used car with excellence condition but low prices.
Remember, do not be too consumed seduction sales staff of dealers to add accessories that you do not need. If necessary you who should be able to convince them to give more rebates or give bonuses accessories.
protection
If you buy a new car, the dealer usually has been working with financial institutions and car insurance agencies. Make sure the insurance has been in accordance with the conditions and needs. However, do not necessarily reject this insurance because you need this protection, especially if anything happens to you, the credit repayment will be covered by the insurance.
tenor Credit
It is not recommended to take the loan tenor with the longest period of time, 6 or 7 years. Figures installment does look small and according to your realistic budget and also according to the type of dream car, but actually you are paying much more expensive because the interest you pay is the greater. Take a loan tenor of 3 to a maximum of 4 years. If the tenor of the mortgage rate greater than realistic repayments you, consider looking for a cheaper car or even a used car.
