He considers it for a few hours and make a decision. And on the same day the customer can get what you want. The disadvantage of this type of lending is more High interest rates (up to 30% per annum), as the bank carries higher risks. 4. Program buy-back. This program allows you to defer payment of up to 55% of the loan until the end of the loan period. That is, you pay the initial fee, more of the cost of the bus shall be paid within the period of loan and repay the final payment at the end of the contract.
At this point you can either pay the remaining cost of the loan and leave the bus at home, or sell it to the dealer (at a predetermined price in the contract) and buy a new model. Again, one of the weaknesses of the program may be that, in spite of the minimum monthly payment, the customer is paying more than the standard scheme. However, before selecting the bank and credit options, it should be noted that credit conditions are largely dependent on the shape of your property, ie what you face: the natural or legal (just kidding). For business line of credit is good that they can repay the debt without interruption from the revenue and thus reduce its debt scrip interest. But in this case, as a rule, interest rates are somewhat higher. If we talk about a natural person, the car loan market here is wide and deep.