Car Loan: Apply Now With Us!
Do you need a cheap car loan? Astro Finance is the company for you! Get the liquidity you need quickly and easily to buy your new or used car. Compare the different offers on the market and consult our company that for over ten years has been working in this sector throughout Italy, always available to customers. To find out all the Astro Finance promotions fill out the form below: Click here and fill out the contact form, entrust the experts! You will receive a phone call within 24 hours of the request for a consultation and / or a free quote and no obligation!
Auto Loan: What is it?
Personal car loan is a loan that can be requested in two different ways. One of these is directly through the dealer, that is the dealer, speaking in this case of a finalized loan and therefore bound to the vehicle. Another method is to request a car loan directly online, for example through our company Astro Finance, in this case the loan is not finalized and therefore not tied to the car. The car loan is available from a minimum age of 18 years up to a maximum of 75 years at the end of the loan contract.
Usually the maximum amount that can be requested is around 30000 USD repayable through a repayment schedule of up to 120 months, this allows the applicant to have a low monthly payment. The required liquidity will be credited directly to your current account and in the same way the monthly payment will be automatically withdrawn from the latter. You can activate the car loan for a car of any size and brand that is new or used, or even activate a zero-km auto loan or a car repair loan.
Auto Loan: Who Can Request It?
The new car loan or used car loan can be requested by all those who have a clean credit history in the various databases, therefore there must be no reports and / or protests placed side by side with the name of the applicant. The car loan can be requested by anyone between the ages of 18 and 75 with a demonstrable income. Therefore auto financing can be obtained from employees, self-employed and retiredthat we have a demonstrable income, residency in the Italian territory and that they hold a current account. Usually the valuation criteria of a car loan are: risk policies, the level of income and creditworthiness, which is usually the sore point that results in a negative response.
Auto Loan: Why is it rejected?
Getting a car loan is not as simple as it may seem, in fact to have a positive outcome you need to have a clean credit history, which means that the dealership you have turned to can reject your loan application if your name is within the database CRIF, CTC, Experian for reports or within the Cai for protests. A report occurs when: you pay one or more installments of a loan or not the balances late, if you have already made a loan requestrecently and maybe it was also rejected or on the contrary if it has never turned to a credit, if you have many commitments or high monthly expenses that lead you to have big debts or if you signed as a guarantor in a loan in which the applicant does not pay or pay the installments badly.
The protest instead, is due to the delay or failure to pay checks or bills of exchange. In this case it is recommended to request an online car loan through a financial company that always has some opportunities to offer you, like us!
Auto Loan: What to do if bad payer?
If you have had problems and are registered as a bad payer in the database, it will be very difficult for the dealership to grant you the car loan you request, because in this case we are talking about consumer loans, therefore tied to the vehicle to be purchased and negative reports prevent that this kind of action can take place. In this case the solution is the fifth-party auto loan, reserved, however, only for employees and pensioners. You can access the fifth assignment even if you are reported and / or protested. In this case the maximum amount that can be requested may vary from each individual situation, based on seniority, severance pay, salary and so on.
The amounts that can be requested are however very high, like $ 30000, but not more than $ 50,000. This is a 120 month car loan, so you have the option to pay off your debt in ten years, obviously even less if you wish and the installment will be chosen by you and will be automatically withdrawn from your salary or pension. The new liquidity will be credited directly to your current account. The personal loan of the fifth is reserved for employeesopen-ended government, public, private (srl, spa, cooperative) with an active contract for at least three months and retirees with a minimum income of 600 USD per month.
For those who already have the assignment in progress, only for employees it is possible to activate an additional loan called ” payment delegation “, thus having other liquidity and two deductions in payroll.
Unpaid Auto Loan: Consequences
If you do not pay a car loan, the consequences you may have are:
- Surely you will see the increased interest through a late payment if you do not pay an installment
- Your name will appear in the Crif, Ctc or Experian database as a bad payer and this data will be visible to all credit institutions, having difficulty obtaining other loans.
- The institution to which the money belongs will activate a debt collection by legal action
- If you continue not to pay even after the various requests, an attachment will be launched on salary if an employee, payslip if retired or on real estate.
Auto Loan: Do you need a guarantor? What documents do you need?
Through the concessionaire the figure of the guarantor could be requested at the discretion of the individual institution and if the evaluation criteria do not sufficiently satisfy the creditor institution, otherwise it is not a necessary signature. It is obviously advisable to start looking for a guarantor first if you suspect the request needs it due to low income, other financing in progress and things that could hinder the request.
In case you were a bad payer and you turn to a financial person for a fifth-loan auto loan, the only signature required will be that of the applicant, as this type of financing does not require special guarantees.if not a demonstrable income as an employee or pensioner. The documents necessary to start the financing procedure are: pay slips, cuds and identity documents for employees and payroll, cud and identity documents for pensioners.
Auto Loan: Can financing be paid off first?
You can decide to pay off your financing first with your liquidity, either partially or totally. In this case you will have to repay the remaining capital with a compensation penalty that will be a maximum of 1% of the total amount. However, the compensation penalty cannot be greater than the amount of interest on the loan.
Auto Loan: Some tips
- Check out all the offers that the market offers you at the moment, like the findomestic car loan or the agos car loan, compare the loans and choose the best!
- Check if it is more convenient to proceed through the dealership or through the financial company
- If you think that your only signature is not sufficient due to a not too high income or other financing in progress, make sure you have the figure of a guarantor ready to support you.
- Make sure that the following are present in the contract : interest rate and any other price, amount and method of financing, number of installments and installments, Taeg and Tan, any guarantees and any other insurance guarantees.
- If you are a bad payer do not make the situation worse and apply for a car loan by the sale of the fifth.
Auto Loan: Offers
Astro Finance offers you the best rate car loan ! Compare our promotions and choose the best offer, you can also find the opportunity of the car loan at zero rate ! Check our products immediately, choose the right loan for you, request the necessary liquidity and compare the quote! Astro Finance is here to help you, for a free consultation and / or quote without obligation fill out the form : Click here and fill out the contact form! You will receive a phone call within 24 hours from an expert.
If you have any doubts, click here and go to the ” Have a question ” section. A page will open in which you will find lots of questions asked by users who, like you, needed clarity and confirmation. At the bottom you will find a box in which to insert your question.