When buying a car, the options are many: New, used, family, hatchback, cargo, etc. And so are the financing options, the best known being vehicle credit.

However, the operation of the credit will depend, in many cases, on the type of car you choose, and also on the entity chosen. What can vary? The term, interest rate, conditions and even credit availability. So, to make a good decision, know the conditions that define each of the models.

In the case of new cars

For new cars, what varies is the term and the interest rate offered by the entities. Some allow you to finance the car for up to 84 months, while others grant you 72 months. On the other hand, the amount requested as an initial fee also varies. Some will finance 100%, while others only finance 90%, both for new vehicles.

For used vehicles

In the case of used vehicles, the term in which they can be financed varies, it can vary between 76 or 72 months. On the other hand, the amount that is financed is usually less than in the case of new vehicles: 80% in most entities.

In addition, in some cases it is requested that the vehicle to be financed is not older than ten years or the like.

For the nationality

Another curious case is usually that of the Chinese brands. Some entities make a difference when financing the vehicles and if the one you chose is a Chinese brand, you can only access a car loan if the car is new.

As you can see, the differences are many, so it is important that, once you choose, compare the available alternatives and see which one offers the best conditions for the type of vehicle you are looking for. To do this, it is not necessary to enter different portals, you can get all the information in Jopson Boundary.

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