Reverse redemption, how to buy cars on a loan with a redemption. Car leasing. How to buy cars on credit with reverse redemption.

If you often change the machines, you can use the BUY Back loan program. The BUY BACK program involves taking a car on credit with the possibility of a subsequent return of the car dealer on favorable terms. Car lists of European states actively use such practice, and in Russia such a program only begins to acquire popularity. Consider the program BUY Back or autocredit with a redemption and the purchase of a car with leasing in more detail.

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Reverse redemption what it is

By purchasing a car using a bank loan, you can get from the bank employees with a delayed payment.

We offer to deal with this car loan:

those who wish to acquire a new car with a bank loan under the buy back program can receive a loan from the bank to purchase a new foreign car machine. The borrower should make a major initial contribution. The amount of the contribution should be more or equal to 15% of the price of the car;
the bank manager will offer you a delayed payment. Delayed payment can reach up to 50% of the cost of the machine, but it must be submitted at the very end of the credit period. Initially, the buyer's borrower has the right to pay a part of the loan by very small payments and at the lowest banking rate;
under the contract, the program BUY BACK, until the end of the loan repayment, the borrower sells a car dealer. Having sold the car to the dealer, the borrower receives a certain amount in the hands, which is able to pay the remaining debt and the borrower still has money for the initial contribution to buy a new car. Thus, traveling for 2-3 years, the motorist sells the car to the dealer and acquires, again according to the program BUY BACK, a new car;
but if the owner of the car does not want to part with the car, he must close his remaining debt with a high interest rate and in a short time, from 1 year to 2 years. Since the BUY BACK program is mainly designed for new, expensive cars, large amounts of money are involved.

Summing up the above, we come to the conclusion that on the BUY BACK system the carist pays for the car not more than half of its cost, but sometimes no more than 20% of the element price.

After 2-3 years, usually, the car bothers and sell it.

But using the BUY BACK system, you do not have to sell, as the dealer takes the car back and you immediately, according to the buy back program, get a new car.

Plus such a system is that it is not advantageous to leave the car itself, as the main part of the car's cost you will have to the overestimated rate in a short time.

For fans of frequent replacement cars - this is a great way out. Car dealerships are also beneficial to redemption system, because it increases from the car dealership turnover and the number of regular customers is increasing.

But everything is not as simple as it seems at first glance.

The car you used 2-3 years should be in excellent condition.

And if the car is in improper form, the car dealers can refuse its acceptance or agree to the return ransom at a low price.

With this situation, the motorist will have to repay the balance of the debt to the bank or pay the initial contribution to the next car from his pocket. The BUY BACK program has taken root in Western Europe, as there are good roads and fuel with high quality.

Machines in Western car owners have a very good appearance and after 10 years of operation, and on our Russian roads, a car can fall apart after a couple of years.

And if the owner pays a little time to his car, then he should be a good to think well before using the BUY BACK program.

Acquisition of a car on the leasing system, what it is

The car can be purchased from leasing banks.

The leasing of the car implies the acquisition of a car in property with lease.

Those. The motorist as if he takes a car for rent, but has the right to redeem. It is assumed that a person takes a car for the agreed time and pays the appointed amount of money in the form of car fees. By the end of the lease term, the carist in the end gives the amount of equal value of the car, plus the company's profit for services.

By paying the last installment, the client receives a full property machine. Car leasing is very popular due to:

the possibility of acquiring the car by installments, and it is not necessary to use the services of banks. A person does not always have a white credit history and a stable official income - these reasons may affect the refusal of the Bank on the loan and under such conditions you can purchase a car only on leasing;
the tenant is beneficial for rent with redemption, as while the car is leased, it does not pay property tax. According to the documents, for all time lease, the car is the property of a leasing company. It should be noted that some leasing organizations are simply a leased payment to be combined with transport tax and in this case cannot be saved;
under the contract, the leasing company takes responsibility for the car in the form of insurance, maintenance, if the car has fallen into an accident, the landlord leads negotiations with the insurance company, etc. On the car tenant, there are responsibilities for the fulfillment of the terms of the contract;
the leasing rent makes the lack of a large initial contribution, the rental of the first month is allowed, and if the car does not suit the tenant, it can refuse lease and search another car.

We told you all positive moments, and now let's say about the minuses.

And the underwater stone is that until the most recent payment, the car will be someone else, as the leasing company has the right to terminate the contract due to violations.

If the tenant will miss the payment timing and other retreats from the contract, the company can break the contract and without a court decision.