This year they will buy 8.3% more second-hand cars compared to last year, according to the forecasts of the Federation of Associations of Automotive Dealers (Faconauto). These forecasts put the figure of second-hand cars sold at 1.9 million euros for this year. This growth in the sale of second-hand vehicles is also due to the greater ease of obtaining financing thanks to the easing of the criteria for the granting of quick personal loans, as announced by the Bank of Spain in its latest study. These credits can help us get enough cash to make the payment of the vehicle, being able to reimburse it in monthly installments that will be more comfortable for us than if we did it in a single payment.
Fast personal loans tailored to your new car
Purchasing a second-hand car can reach up to 5,100 euros to save compared to buying a new one in the first seven years of the car you. This lower price we can get when buying a second-hand car, is more than considerable, at the rate of 730 euros per year. This is what Audit auditors say in their study in which they value the prices of the best-selling cars in our country (Seat León and Citroën C4).
However, this lower cost may be in vain if we do not have enough cash to make the purchase. If we can not afford a large disbursement at once and we do not want a good offer to get out of hand, we can resort to a quick loan to finance our second-hand vehicle, since they far exceed the processing speed of traditional personal loans.
Some lenders are already aware of this type of situations in which need for cash is mixed with the urge to buy a used car.
With a minimum APR well below the Spanish average of 8.79%, this type of credit combines the needs for cash and speed. In addition, lacking study and opening fees, the costs added to credit are reduced. The product of the table does not include mandatory linked products, but it does offer the purchase of an optional insurance to cover our monthly installments in case we could not assume them due to temporary disability or unemployment.
Quick personal loans to finance your car without leaving home
Thanks to the processing system of fast title loans https://green-touch.org/title-loans/, we can get all the paperwork from home. The request and preapproval of the loan are as fast thanks to the possibility of carrying them out through its web platform. In the case of the loan of the table, the subsequent documentation contribution will be made by courier, so we will not have to move to any office. Other personal loans offer a complete online processing, so it will be done even more quickly and conveniently by avoiding intermediaries. If we still have doubts about how to finance the purchase of a car, this free guide will be of great help.