Auto credit in an online bank
An auto loan is a loan granted by a financial institution, directly linked to the purchase of a vehicle. Before the release of the funds, it will necessarily be necessary to present the vehicle’s registration certificate.
How do you get auto credit?
You can apply for a car loan, not only to buy a new or used car, but also for a motorcycle, a scooter, a caravan, a boat or even an electric bike. This is an “earmarked” credit, meaning that the funds lent must exclusively be used to purchase the vehicle indicated on the loan agreement. To obtain it, there are two possibilities:
In order to find the offer best suited to our needs, an online comparator allows us to perform a credit simulation and compare the conditions (rate, duration, fees, etc.) of different credit agencies. Once you find the most relevant offer, you can subscribe directly online.
Start personally the financial organizations
The alternative is to visit several financial institutions to compete. In any case, it will always be necessary to perform a simulation to compare the loan offers to choose the best.
What should we compare?
This is to compare several offers for the same borrowed capital and the same repayment term. The annual percentage rate of charge (APR) is essential because it brings the total cost of credit. Credit conditions are equally important parameters. These will tell us if we can, for example, benefit from a monthly payment deferral or change their payment date.
How to subscribe an auto credit on the Internet?
Entering information: The online car credit simulator offers a questionnaire to fill out. It shows the amount borrowed, the type of vehicle, the employment situation, etc. This information will be used by the various financial institutions to prepare an estimate.
Supporting documents: after having carried out the simulation and to finalize the contract, you will be asked for several supporting documents (identity document, bank statement, tax notice, payslips, etc.). All these documents can be transmitted online.
Electronic signature: faster than a paper signature, it is secured by a single-use SMS code. A mobile phone number and a valid email address are required. The application is then quickly examined. You can also choose to receive the credit offer by mail.
Credit financing: the personal contribution is not obligatory but it makes it possible to reduce the total cost of the credit. For this purpose, it may be in our interest to carry out a credit simulation by incorporating a personal contribution.
The benefits of comparing auto credits
Play the competition and find the best offer: thanks to an online car credit simulator, we simultaneously access several offers, which allows us to compare accurately the different credit rates and monthly payments.
Significant time savings: without having to travel, it is possible to quickly know the different offers of the market, 24 hours a day, 7 days a week.
Offers adapted to each profile: after completing the form of the auto credit simulator, the comparator list only offers that match our profile. An online loan application can then be made to several organizations in order to obtain personalized quotes without any obligation.