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Every body know that the purchase on credit is helping many people to have a high-priced goods. Let’s say one of them a car. If you decide to buy a car in cash so that the subject of consideration is the money should be spent in front is not sufficient. But, if you decide to buy on credit then you can pay in installments according to your ability. But it’s not that easy because there are still some things to watch in taking car loan. Anything?

Price Survey
If you have decided the type of car you want, then the next step is to figure out what the best price offered. The trick is to be diligent in asking to several dealers who issued the type of car you want.

Specify The Company Who Provides Credit
In general there are two types of companies or institutions that provide credit facilities for car ownership, the banking institutions (banks) and financial institutions. Financial institutions typically associated with companies engaged in the automotive industry, either as a sole agent of Marks (ATPM) or a dealer. Taking a car loan at the dealership could be more advantageous than in banks, especially regarding time efficiency. You can get all the information, services, etc. on the car as well as credit from the dealer Without going back and forth to the bank again. In addition, the credit approval process by using a financing can usually faster than the banking sector, especially if the financial institution has a relationship with a certain car manufacturers or car dealers.

Customize DP and repayments to the ability
One thing you need to prepare when you decide to buy a car with a deposit or credit is Down Payment (DP). In general, the required down payment ranges between 20-30 percent of the price of the car. For example, if the price of the car you want 200 million, then at least you should spend about 40-60 million as a down payment. Account the administrative costs and other expenses. Afterward, specify the credit period you want because the amount of your mortgage will also depend on it. In general, car ownership loan period is from 1 to 3 years. But, there are also financial institutions that offer up to 5 years.

Selecting the Interest Rate
If you decide to take the credit, then you should consider also a matter of interest rates. Technically there are 2 types of mortgage interest rates, namely fixed interest rate (flat rate) and interest rates (floating rate). Fixed interest rate means the interest rate used will always remain over the term of the credit. While the interest rate (floating rate) means that during the loan period could be a change in interest rates following the change in interest rates issued by the BI.

Fulfill all requirements
Note the basic requirements that must be met credit applicant, usually, the applicant must attach credit, ID cards, savings accounts or bank accounts, and pay slips as a requirement to apply for credit car ownership.

Auto loans bank is a choice of the moment in order to have a private car. This offer is for people who have limited budget but need in urgent of a car, they could use a bank credit facility.

There are several things you should consider the prospective client before you actually apply for credit cars. This is of course for safety and long-term comfort of the customers themselves. Not just a pursuit of pleasure for a moment because the liquid credit application. That should be considered include:

1. Level of customers’ financial security. Do not let, the income earned out just to pay the car payments to the bank alone. Max, the number of installment payments on your credit is 40% of total salary. While 60% of the remainder is allocated for daily needs as well as savings.

2. Do not be lulled by low down payment. Many offers of credit that provides an opportunity to make an advance low. Note the value of installments per month and also compare the total credit to the normal price of the vehicle you want.

3. Note the payment media facilities. The more difficult the media to make mortgage payments, the better you avoid this bank. Do not until you get a penalty for late payment, when it did not get to come to the bank. Ask, can you pay the mortgage through ATM facilities, E-Banking, M-banking or through the network anywhere within the monthly repayments.