Auto loan

A car loan is a loan for the purchase of a new car or used. This type of loan fires to the acquisition of a car and can therefore be cancelled as the motorcycle credit. Thus, it differs a personal loan that is intended to strengthen a Treasury.

For the purchase of a new vehicle or pre-owned, the mode of operation of the car loan does not change. Of course the prices are very often different between a new vehicle and opportunity. As a result, the volume of credit is not the same. But, in the case of a new vehicle, we take into account the contribution of cash to the resale of the vehicle if it occurs within the first 5 years after purchase. In the case of a second-hand car, even if the price is less important, the contribution of cash at resale is often less.

Before making a car loan, calculate well your auto borrowing capacity in order to have an idea of the maximum loan you can ask.

Loan Simulator  

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