We show three FINANCING options | for buying a NEW CAR |

We show three financing options | for buying a new car |

Our banking system gives us some financing options to buy a new car. If you do not know, here we explain

Is this 2016 and 2017 plan to buy a car? Years ago we would not have hesitated to advise you risk you, but with the economic downturn we are experiencing and the dollar rising, it is better to think over twice before asking for a loan in any bank. To avoid mistake and you can choose either the way you want to pay your car we'll show you some of financing alternatives.

1. ¿Vehicular or personal credit?

While the answer is obvious, there are many people who have asked this before buying a new car. To be clear, the vehicular credit is the best way to acquire a vehicle 0 km Why? To get the car pledge, we will buy it cheaper than if we do it through a personal loan. To test this theory say an example.

You want to buy a car for $ 20,000, initial only have $ 4,000 and want to finance the remaining $ 16,000 in 36 months. Querying the web comparabien.com.pe vehicular Falabella credit charges the lowest interest rate and monthly payment ($ 583), including vehicle insurance. We did the same with a personal loan and Cusco Box (not including insurance) has the monthly cheaper fee ($ 549), that amount've to add the price to secure a car of that value which can cost between $ 150 and $ 1 000, depending on the coverage you want.

2, collective funds

This type of financing is for those who have trouble in having the car immediately. In our country the best known are: Tambourine, Maquisistema and Promotora Option. To enter this system, the customer must register to obtain a certificate of purchase (the amount of registration and certificate vary depending on the company and the car we want). Note that in this mechanism vehicle insurance is not included in the purchase.

However, in this system the user can access the car through a lottery or auction. If we won the lottery and car are one of the first, the financial cost is much lower than that of a bank. As for the auction, this allows customers to reduce the time of payment or decrease the amount of the monthly installments.

3. American Leasing

While this way of purchasing a new car is relatively new, it has already attracted the interest of several people. How does this type of financing works ? In general terms , the car is purchased by the bank but which has the rights to use is the client. After two or three years , the contract allows the person to return , renew the vehicle or buy a "residual price."

What do we mean by "residual price "? If the person chooses the last option and want to buy the car, the amount to be paid resulting from subtraction between the original value of the car ( including interest and expenses associated with the use of the property ) and the payments made ​​user by the concept of income . While this mode is interesting , the most important advantage of this type of financing is to purchase a vehicle without the need for the total value of car we want.

In an accident without insurance? You do not happen to you

In an accident without insurance? You do not happen to you

We know that many of the cars that drive through our cities have no auto insurance. But this scenario is gradually changing as many drivers are deciding ensure the purchase of your vehicle by what might happen. And, although some may see it as an extra expense, when the truth cheap is expensive.

If you are thinking insure your car you should know that there are different types of coverage with prices ranging depending on the value of your vehicle, among other factors. To choose the right insurance for your needs first thing you can do is talk to your friends and family. They can advise and guide you in the first instance on the type of coverage you may need.

Due to the wide range, ideally you reports on the different types of insurance coverage there and offered pondering what level of protection you need depending on the use you give your vehicle.

COVER YOUR THE BACKS

In general, these are the three most common types of auto insurance:

• Sure liability: It is mandatory to circulate in many countries insurance. It covers material and personal damage caused to a third party driver. That is, if you cause damage to your car with other people or vehicles, compulsory insurance will cover that. However, damage to your own vehicle are not covered.

• Sure liability + total loss: covers the above plus the replacement cost of your vehicle in case of total loss (theft or fire).

• Comprehensive insurance: It is the most comprehensive but also the most expensive (obviously). It includes the two above plus other toppings such as repair costs or partial replacement of your vehicle. They can also include additional services such as replacement vehicle when they are repairing your car and stuff.

Of course, some companies offer insurance that do not fall into any of these three, but offer intermediate options tailored to the needs of each person. In any case, driving without any insurance is foolhardy and, if I may, irresponsible.

Therefore we recommend that even if it means an extra expense you consider, because as we said at the beginning, end cheap is expensive. If you have an accident, you would appreciate having taken the decision to hire your vehicle insurance.