If a person decided to buy a car with a car loan, he needs to analyze bank offers and choose the most profitable car loan option from the proposed. Before purchasing a car through a car loan, the future bus owner must determine for whom what amount, in the end, he will be able to count on. The car owner, determined with the brand of car, can independently make the calculation of the monthly payments of the car loan.

Loan payments, what payment to choose, annuity payment or differentiated payment

Non-professionals in banking, believe that only the interest rate on the loan is affected on the result of the banking fee.

On self. This is not the case, in addition to the interest rate, the amount of the monthly bank installment affects the type of payments.

Depending on the methods of interest accrual, the payment may be annuity or differentiated.

With an annuity payment, interest is charged for the entire calendar year, the loan amount is divided into equal parts and the entire loan period, the borrower pays the same amount.

With a differentiated payment, percentages are accrued only to the loan balance.

To perceive the average man, the annuity system seems easier and more profitable. But this is only at first glance.

Differentiated payment system has its own positive points:

• if you assume early pay off a loan, the differentiated system will be more beneficial in the material plan. And with the annuity type of payments, if you decide to pay off a loan ahead of time, you will not receive any material win;
• if you use differentiated payment, each of your contributions contributes to a decrease in the number of interest, the result will warm your soul, with a large car loan, by the end of the deadline, you can win up to 100,000 rubles;
• the differentiated method of payments, not every loan recipient will be able to use, since this payment involves a major initial loan fee. Of course, if you made the first major payment, you make out a loan for a smaller amount;
• summing up, we conclude that the annuity system of payments is more simple, since the amount of payments monthly is the same, you can include this amount on expenses and on the remaining income planning your life. But, with a differentiated payment system, a loan burden is facilitated and the final payment is significantly less than planned.

Thus, before taking a car loan, deciding with the brand of car, go to the website of the commercial bank and use the calculator of this bank, draw conclusions and plunge into credit history.

An example of calculating the inaucyred

Deciding with the year of the release and brand of car, choose a bank partner, draw attention to benefits, on a specific car model.

For example, buy Nissan Teana.

For the car loan, this model provides a special program, Nissan Finanse, the program will offer UniCredit Bank.

Affiliate program involves choosing a car from scratch, or with mileage, but the car must be under the age of 5.

With an initial contribution of 30% of the car's cost, you will not need any documents about your solvency.

The loan can reach up to 7 years, the loan amount within 900,000 thousand rubles, interest - 11.5% per annum.

But if you are able to pay for the year, with an initial contribution of 30% of the cost of the car, you will pay a monthly 53.262 ruble monthly, so you will repay 8.8% of the entire amount of the loan monthly.

Avt Credit, how to reduce the amount of monthly payment by car loan

You can use the cheapest loan, but you should have a flawless credit reputation.

To do this, you will have to confirm your solvency and provide a considerable number of references.

If you take a car loan in a bank in which you have already taken a loan and have proven themselves well.

Given your positive reputation, the bank can reduce the interest rate and as a result of monthly payments will noticeably decrease.

And if you come to the bank and how the client of this bank is for the first time, then you better make a large amount of the initial contribution. A large initial fee will prove you before the bank, as a solvent client and the Bank will be able to offer you a more profitable percentage of the loan.

Not an unimportant question is the issue of insurance of CASCO. The receiving car loan must conclude a hull insurance, and as you know, such insurance is worth a lot of money.

If finance is not enough for the payment of this type of insurance, the above amount will be included in the car loan and you will pay interest and insurance of CASCO.

The best way out of the situation is to collect a large amount of money for insurance and on a large initial fee, because the less you will take money, the less overpaid for the car.