A family sedan, a clever city car or a versatile utility vehicle… For each project, its method of financing a used car! Depending on your desires and your financial capacity, the purchase of a used car can be done by credit or with the Rental Option with Purchase Option (LOA) and Long Term Rental (LLD) solutions.. Personalized, scalable financing with or without contribution. As automobile distributors, our employees are empowered and regularly trained to assist you, in complete transparency, in the search for the financial solution that will be most advantageous to you. Everything is planned to simplify your life by offering you, if necessary, a payment break and monthly payment variations.
With a credit for a used car , buying a car is simple! Depending on your borrowing capacity and any personal contribution made, you get a car loan , the amount necessary to acquire your vehicle, possibly taking into account any insurance and guarantees. The amount is not directly paid into your account but from the dealership with which you are in business!
Owner of your car, you must then repay this credit by monthly installments calculated in advance. A monthly payment is made up of the amount you owe each month as well as interest. This amount is generally higher than if you had used financing through an LOA or an LLD since there is no offer to buy back after any deadline. Two drawbacks nevertheless emerge: It is up to you to carry out all of the financial and administrative procedures. By providing a personal contribution, you burden savings that could be used for other projects.
Until recently, credit was the most common used car financing solution for individuals in France . It remains ideal for all those who wish not to be pressed by the deadlines of auto financing in LOA or LLD. On the contrary, you car dealer that accept bad credit are the owner of the vehicle. Free of the calendar for a possible resale. Unless you prefer to keep your car and ideally only have to finance maintenance costs over time.
Nowadays, it is the preferred mode of automobile financing for the French. It must be said that it is no longer reserved for the purchase of new vehicles! The Rental with Purchase Option (LOA) of a used vehicle has many synonyms: Leasing, leasing or rental with promise to sell . The contract binds you to the concession through a banking organization, generally over a period ranging from 2 to 5 years and within the framework of the use of a vehicle subject to the payment of a monthly or quarterly rent. The rent (and not the monthly payment) is determined on the basis of the value of the vehicle as it is, its residual value when the contract expires and any personal contribution. This method of Financing of a used vehicle is also offered to companies, thus offering the advantage of outsourcing the management and financing of professional vehicles.
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