At kreditys , we know how important the purchase of a car or motorcycle can be for you. That’s why we offer flexible financing solutions tailored to your needs. With our car/motorcycle loan, you can finance the purchase of a new or used vehicle, as well as associated costs such as insurance or registration fees. We offer competitive rates and flexible repayment terms, up to 7 years for new vehicles.

Buying a new or used car: how does car credit work?

Whether the car project is intended to buy a new or used car, the way the car loan works is identical. However, the amount to be planned for can vary from simple to double. In terms of budget, the purchase of a new vehicle requires a larger financial investment.

For the purchase of a used car, the budget is lower. For this reason, the capital borrowed differs, as does the total amount of the car loan. The geographical area where the vehicle is for sale also plays a major role.

Low interest rate car loan : what is the interest of the contribution ?

To obtain a low rate car loan, the presence of a cash contribution is a factor that plays in favor of the applicant. The whole point of having this amount of money available is that it becomes possible to better negotiate the terms. Kreditys offers money loan conditions that can be more flexible when the applicant presents a financial contribution demonstrating a stable financial profile and a savings capacity.

In the eyes of the banks, the available personal contribution secures the banking operation from the start. Very often, the contribution can be generated by the resale of a new vehicle. During the first 5 years of the car purchase, the cash contribution is a particularly advantageous criterion to benefit from better financing conditions:

• Lowered interest rate,
• Lower monthly payments,
• Shortened repayment period,…

Car loan simulation: a concrete example of monthly payments

To give you a clearer picture of your monthly car loan payments and the impact of the total amount and duration of the loan, here is a simulation on a new vehicle.