Most people who decide to buy a car on credit, many consider it advisable to refuse a loan from a bank that it issues for the purchase of cars. And they prefer loans offered by car dealerships. However, it is necessary to understand what pitfalls may be hidden behind a profitable offer.


Discounted cars
Everyone wants to buy a car as good as possible, at a lower price. To do this, car dealerships arrange various promotions to attract customers, and there are often buyers for such offers.

However, you should not rush to buy, but you should figure out how and why such promotions are held. To avoid cheating, you should buy a car with cash, otherwise you will be given a loan with an increased interest rate.

Car loan without overpayments and down payment
Although many car dealerships will offer you to apply for such a car loan, you should not take such an offer, although the offer sounds very tempting.

If we start comparing the cost of a promotional car in this showroom, we will see that the price of the promotion is much higher than the price without the promotion in another showroom. Also, the amount of the first payment will be so large that not everyone will be able to pay this amount in one payment, and the loan will be issued for a short time.

Car loan at the salon by passport
Such an offer is also quite common when buying cars. But there is nothing to be happy about here either, because everything can be explained very simply: the more documents you need to collect, the less the overpayment on the loan will be, and if you have one passport, you will be offered serious annual interest, as this is a high risk for creditors. As a result, you get high interest rates, due to which the cost of the car will increase several times.


A few more possible pitfalls
We don't choose the bank ourselves.
When we come to the salon, we are generally not given the opportunity to choose a bank, since car dealerships conclude contracts with several banks in advance and cooperate only with them. And sometimes they leave no choice at all when the contract is concluded with only one banking organization.

And how do you choose a car dealership?
Some people come to car dealerships on the advice of relatives and friends, most on previously heard advertisements. But in advertising, we are given one interest rate, and when signing a contract, it turns out to be much higher. Use the 1xbet promo code and get a bonus of 130€/$ when you register. Make sports bets, virtual sports or play at the casino. If you opt for the sports bonus you can claim up to $130, which is 30% more than the standard new player offer. Simply enter the code when completing the registration form. On the form, you will be asked if you have a promo code. Type in the code and you will be able to claim the biggest available bonus!