The LoterBank car loan offers the opportunity to buy a second-hand car or a completely new car. A distinction is made by the lender for this installment loan. The conditions for financing are different when purchasing a used car than when buying a new car. In any case, it is always possible to buy a car that is financed with a credit. This means that no own money has to be invested. In addition, people who have no savings with a car loan can also take advantage of the option to purchase a car.
|Lender||Information||Max. Loan||To request|
|Review|| $ 200,000|
Interest (APR) 2.39%
|Review|| $ 50,000|
Interest (APR) 1.29%
|Review|| $ 50,000|
Interest (APR) 3.6%
Loan used car
The LoterBank car loan for a used car is ideal for buying a car older than 3 years. The credit can be used to purchase a car from a garage as well as from a private person. With a loan for a used car, there is a minimum loan amount of 1,250 US dollars and a maximum amount of 35,000 US dollars. The reimbursement can be made within the term which is a minimum of 12 months and a maximum of 60 months.
Loan new car
The LoterBank car loan for a new car or executive car is intended for cars that are less than 3 years old. This credit is also suitable for the purchase of a van, motorcycle or mobile home. The difference with the credit for a used car is that with this loan a minimum amount of 2,500 US dollars must be borrowed. The maximum amount is the same and comes out to a maximum loan amount of 35,000 US dollars. The term here is also a minimum of 12 months and a maximum of 60 months.
Up to 110 percent of the purchase price
LoterBank offers the option to borrow up to 110 percent of the purchase price for both types of car loans. The extra loan amount on top of the purchase price of the car can be used, for example, for insurance or to pay the tax on registration. That is of course an extra advantage, and certainly for people who do not have extra money to meet these financial obligations.
When applying for a car loan, it is important to perform a simulation first. This makes it clear what the financial impact is when borrowing a specific amount and with the choice for a specific term. The amount to be borrowed must be repaid in monthly installments. The amount of the monthly repayment depends on the loan amount and the term. A choice can therefore be made for a short term or a long term, whereby influence can be exercised on the monthly repayment. If the financial situation does not permit paying a high monthly repayment, it is better to opt for a somewhat longer term. If a high monthly repayment can be made Demorei, a shorter term offers a solution. After the online application for the car loan has been submitted, the file is quickly processed by LoterBank.