Buying a car on installment is considered an extremely effective solution to the lack of transportation. Today, we will guide you through the procedure and the detailed and quick process of buying an installment car.
1. Procedures and documents for buying a motorcycle on installment
When you want to buy a motorcycle on installment, you need to prepare the following documents:
– Loan application with interest payment plan.
– Identity Card or Citizen Identity Card that is still valid.
– Household registration book and certificate of single status or marriage certificate.
– Documents proving your income such as: labor contract, salary table, savings book or your bank account.
Procedures and documents for buying a motorcycle on installment
If you are a freelance business owner, you will need the following documents: Vehicle rental contract, house, workshop, capital contribution, shares, stocks or bonds.
If you own a company, you will need: Financial reports, tax returns, payroll, company profit sharing, business registration certificate.
– And finally, your recent personal expense receipts such as: phone bills, transaction costs,…
A note for you is that you do not have to submit all of the above papers; the documents you need to submit also depend on the requirements of the lender.
2. The fastest motorcycle installment purchase procedure
Here is the fastest motorcycle installment purchase procedure with extremely detailed steps for you:
Step 1: Go to stores and dealerships to choose a car and depending on your financial condition, ability to provide paperwork, choose one of the installment forms such as installment car purchase with income proof, installment car purchase without income proof and installment purchase by credit card.
Step 2: You proceed to choose a bank or financial company to make a loan to buy a car on installment.
The fastest motorcycle installment purchase procedure.
Step 3: Meet the bank representative directly to complete the necessary procedures as well as conduct loan appraisal.
Step 4: When your dossier is complete, both parties proceed to sign the credit contract as well as pay an amount according to the initial agreement.
Step 5: After completing the above steps, you proceed to receive the car and can take the car home.
3. What are the benefits of buying a car on installment?
Buying a motorcycle on installment will bring you the following attractive benefits:
You can immediately own your favorite car without having to spend a large amount of money or borrow when you are not able to pay. Along with monthly motorcycle installments, you also do not need to mortgage any assets.
Buying a car on installment brings you great benefits.
In addition, the procedure for buying a car on installment is extremely simple, can be completed within an hour, and the installment term can be extended from 3-36 months depending on your wishes or financial ability.
4. Forms of buying a motorcycle on installment
The following is information about the forms of buying a car, specifically as follows:
Installment car purchase with income proof.
In case of buying a car on installment by proving income, you need to: Prepare papers such as personal papers, labor contracts, salary tables, or income proof papers to prove your monthly income and ensure that you are able to repay the debt within the prescribed time limit.
When buying a car in this form, the interest rate is usually lower than the form of buying a car on installment without proving income.
Installment purchase without income proof
There are diverse forms of buying a motorcycle on installment.
With the form of installment purchase without requiring you to prove your income, you only need to use your household registration book and identity card to be able to register for a loan.
A small note for you is that the interest rate of this form will be higher than the form of installment loan requiring income proof.
Installment purchase by credit card
When making an installment purchase by credit card, the requirement for you is: You must be the credit cardholder and the card has enough credit limit to pay the full value of the car.
In addition, you will also enjoy benefits such as installment payment with 0% interest and no down payment.
5. Interest rate for buying a motorcycle on installment
According to the information we have compiled, the current interest rate for buying an installment motorcycle, Honda, Yamaha… ranges from 0-2.92%/month. The interest rate may vary depending on the papers and transaction history you have when buying a car on installment.
There are many interest rate options for buying a motorcycle on installment.
In addition, if you guarantee that you are the main cardholder and the card limit is sufficient to pay the full value of the car, when buying a motorcycle by installment, you also have the opportunity to enjoy 0% interest rate from banks such as ACB, Techcombank, VPBank, OCB,…
In addition to the banks that apply the program of buying a car on installment with 0% interest rate through a credit card that we have mentioned above, you can also buy a motorcycle on installment at the following extremely reputable financial companies:
– MCredit with an interest rate of 1.39%/month.
– Home Credit with an interest rate of 1.39%/month.
– HDSaiSon with an interest rate of 1.03%/month.
– FeCredit with an interest rate of 1.75%/month.
6. Share experiences of buying a motorcycle on installment
Although the procedures and methods of buying a Honda, Yamaha motorcycle on installment are quite simple and fast. However, you should also note a few of the following issues so that the buying and selling process goes more smoothly:
Let’s go through some interesting shares when buying a motorcycle on installment.
– Carefully consider the amount you have to pay monthly with interest (if any) to see if you can afford it.
– Choose a debt payment term that suits you, because if you pay late, you will have to pay an unnecessary fee.
– You should find out the interest rate of the bank or financial company linked with the car dealer to make the best choice.
– And finally, remember to buy a Honda, Yamaha motorcycle… on installment at official dealerships to protect your rights.
7. Some reputable addresses for buying a motorcycle on installment
Go to reputable addresses for buying a motorcycle on installment to avoid being scammed.
To avoid being scammed, you should buy a motorcycle at car dealerships or on reputable e-commerce sites. Here are a few reputable places to buy a motorcycle on installment:
Adayroi: This is an e-commerce site that does not keep your car papers or require a down payment, supports installment payment with 0% interest rate along with attractive promotions,…
Tiki: When buying a car on installment on Tiki, you will receive a price support of up to 2,000,000 VND along with many interest rate promotions of 0% applied to many car lines,…
Honda or Yamaha motorcycle dealership: Currently present in most provinces and cities.
The above is the information we have compiled. Hopefully, this information will be helpful to you. Best wishes to you!
