Redeeming your car loan is quite possible. Just ask your broker specializing in the purchase of Good Finance credits. The operation consists in buying back your car loan at the same time as the other loans and grouping them into a single loan and a single monthly payment. referencementmanuel.org for a critique
Auto credit is taken over with part of your loans or all of your credits and this allows you to reduce your debt ratio. This loan buy-back operation will also increase your living income.
The advantages of having your car loan bought back
You bought your car thanks to the credit granted by your bank, but with the passing of time you realize that the end of the month is difficult, that your bank overdraft begins to be in debit every month then you start to make credits renewable to fill your overdraft and especially to no longer be in the red.
Often it is too much credit and the credit chain begins. It is time to redeem your car loan and your personal loans and your revolving loans and why not your home loan too. The operation to buy back credit allows you to rebalance and stabilize your expenses.
Redeeming your car loan through a credit consolidation often reduces the overall rate of loans. Interest rates are constantly decreasing. Between the time you took out your car loan which had a certain rate and now when the rates are lowest there is a high probability that your loan repurchase is a better rate than the rate of your current car loan. If you redeem your car loan, this means a decrease in your monthly payments.
Redeeming your car loan allows you to project yourself
Into the future by having better visibility on your budget. As a borrower, you have several credits to charge and you find it difficult to find your way around with all the credit installments to be paid. Nothing could be simpler than consolidating your credits to have a single loan and a single monthly payment and finally visibility in your monthly repayments.
Take advantage of having your auto loan redeemed to review the cost of loan insurance. If you have revolving credits the insurances are very expensive, because no health questionnaire is asked of you for the subscription. If you have group insurance that is attached to your personal loans, it will be interesting to be able to compare insurance costs.
The repurchase of credit for your car loan as well as the repurchase of the other loans with the advantage of being able to settle all the insurances which are attached to the credits. You will then be offered individual and personalized insurance when you redeem the credits.
All borrowers can redeem credit from their car, there are no good or bad borrowers or good or bad records. Whether you are a borrower who anticipates his expenses or a borrower who has allowed himself to be suffocated by credits, the repurchase of credits is open to all borrowers.
You can resell your car at any time. The repurchase of the credit of your car does not imply the obligation to keep your car during all the duration of the loan. If you want to make a new credit for the purchase of your new car it is better to check your financial capacity before committing. It is entirely possible to redo a second loan repurchase to include the financing of your new car.
The disadvantages of having your car loan bought back
When there are advantages, there are often some disadvantages to buying your car loan. The fact of having your credits redeemed will increase the duration of your car loan. If we extend the term of the loan we reduce the monthly payment. So, ask yourself the question which is most important: to repay the credit of my car as quickly as possible or to have a pleasant life comfort by reducing my monthly payments of credits.
If you have financed your car with a loan contract as a rental with the option to purchase (LOA) there are additional guarantees regarding the maintenance of your car which can be included for an additional fee.
How and who can finance the repurchase of credit?
The repurchase of the credit of your car can be financed in a short term or in the long term. The duration for a car loan repurchase if it is a consumer loan repurchase and without a mortgage, guarantee can go up to 15 years and up to your 85 years. If the repurchase of your car loan is included in a grouping of mortgage loans the maximum duration can be 35 years and until your 95 years age end of the loan.
Your broker specializing in the repurchase of Good Finance loans will find you the best solution to redeem your car loan from its financial lenders. All solutions for the repurchase of your car loan will be proposed to you and analyzed upon receipt of your file.
You will have a single contact person for the duration of your car loan repurchase file. Your Good Finance broker covers all of France.