It is said that among the priorities of the Italians there is health first, followed by the family and the first house, but in fourth place there should be the car, one of the assets that you can not do without. This is confirmed by the data on registrations from last year: 2016 ended with + 15.82% compared to 2015 and the first quarter of 2017 started off with a + 4.7% . What is another positive fact? That of the car purchase loan application . The Italians in fact allowed the trend of the automotive sector to remain growing thanks to the credit granted by banks and financial institutions.
Car purchase loans: Italians can’t help it
The commonplaces seem confirmed: there are those who save elsewhere or ask for funding to buy a car. In fact, from the data analyzed by SIC Experian-Cerved, there are 75 million credit positions. Despite the marked increase in requests, the quality of the loans granted is particularly high. What does it mean? Thanks to an analysis work carried out upstream, in the preliminary investigation phase, the risk of insolvency is reduced to negligible percentages.
In 2016, the car purchase loan application marked a + 14.3% compared to the previous year, thus confirming an important year as regards the growth of the automotive sector and consequently also for the financial sector. The average amount of loans requested stood at 14,378, which in this case also corresponds to a + 3.4% compared to 2015.
Which form of auto purchase loans should I choose?
Doubts can arise when buying a car and needing a loan. Which type of loan is the most convenient? Is it good to trust the financial proposal from the dealership to which you are contacting? In principle, it is always better to inquire and evaluate all possible alternatives. One form of loan that can be useful in these cases is the transfer of the fifth with which high amounts can be requested and with a large repayment period (within a maximum of 10 years) at subsidized rates.
To whom is the transfer of the fifth worth?
The assignment of the fifth can be considered as one of the types of loans for car purchase. It is aimed in particular at state employees or retirees. How does it work? You ask for the amount you need and you decide to return it thanks to a deduction up to a maximum of one fifth of the salary or pension. It is a safe and guaranteed form of loan to consider.