Car loan alliance.
Calculable costs, without any surprises – that’s what many car buyers demand. It is particularly fatal during financing if additional costs are incurred by the car. The debtor is often at the limit with monthly payments. If a traffic accident caused by carelessness is added, it can be really expensive. The consequence is rising insurance premiums, which further restrict the financial scope. AutoFinanzPlus is a car loan from Binary Lender that covers such a risk.
Car insurance with calculable costs
A car loan from Binary Lender combines car insurance with the financing of a car. The advantage: The monthly fixed costs remain the same throughout the entire financing period. Even if a self-inflicted accident occurs during financing, the insured person will not be downgraded.
In practice, this means that even in such a case, the monthly costs remain completely constant. However, such attractive loan terms are also tied to some conditions: As is usual with other loans, the age of the borrower must be at least 18 years. If you are in your early 60s, you may also have difficulty getting a promise. In addition, the loan amount must be at least 5000 USD.
Financing of used cars is also possible
This form of financing is not necessarily suitable for the old used car, although a vehicle age of 7 years is still accepted at the start of financing. However, it is important that the car is not older than 12 years in the end. Theoretically, this could happen because very long terms are also conceivable. The term can be up to 84 months, but the minimum is 12 months. Such a quick repayment will not happen due to the high loan amounts. The cost of a loan is also dependent on the term.
The longer the loan is repaid, the higher the annual percentage rate will be. For car loans, however, a rough acceptance between 5 and 8% can be made. Of course, a promise also depends on the financial situation of the debtor. Binary Lender is relatively flexible on this point. A personal advisor determines the income and expenses of the debtor.
As a result, a promise is given in the first consultation if a car loan is possible with Binary Lender. Irregular income that does not have to be related to labor income is also taken into account. This means that the debtor quickly has a certainty as to whether the loan will be possible.
Even debt restructuring is conceivable
Even those who already have car insurance and are still financing their car can switch to a car loan from Binary Lender. However, the notice periods for motor vehicle insurance should be taken into account. The deadline for this is November 30th. The conditions should also be compared. Because the car loan at Binary Lender combines two services, the current cost of credit and insurance cannot be determined at first glance. If the conditions are met, Binary Lender also takes over ongoing financing.