Car loan at Insurance company: finance your vehicle at the best rate?On November 30, 2019 by admin
The Insurance company car loan is a solution for financing a new or used vehicle. Insurance company is one of the main French insurers / mutuals and as such it wished to widen its range of products by offering car credit. This allows it to be all the more present on the automotive services market because Insurance company is very active in the field of auto insurance. However, customers are not obliged to take out car insurance if they take out a Insurance company car loan.
Except that to benefit from promotional auto credit rates, you often have to take the Insurance company car insurance and loan “pack”… And you don’t necessarily want to take Insurance company insurance because the overall transaction is not necessarily the most advantageous.
The Insurance company car loan offer
The Insurance company car loan can finance the purchase of a car with or without contribution. In addition, the advantage of an auto loan (which is an assigned loan defined on the contract ) is that it is more reassuring for the buyer and very often more advantageous in terms of rates. Indeed in case of non delivery of the vehicle, the credit is canceled unlike the personal loan. And if the credit is not accepted, the sale of the vehicle is canceled unless other solution found in the meantime by the buyer.
To know in detail the modalities of this type of credit, consult our article Auto Loan.
In addition, as the law provides for 2 weeks of withdrawal period for credit, we have 2 weeks to “break the sale” if we find a problem, which is not possible for a purchase without credit.
Insurance company credit in detail
Whether for a second-hand car loan, or for a purchase of a new vehicle, it is possible to turn to Insurance company. To finance one of these vehicles, the Insurance company auto loan offers:
A credit in the amount of $ 3,000 to $ 75,000 over a repayment period of 12 to 72 months. It is a fixed APR loan. This credit is issued in partnership with Franfinance (see our article on the Franfinance car loan ). Optional loan insurance is offered.
It is possible to make a car loan simulation directly on the Insurance company website in the “Insurance company auto loan” section to find out the amount to be reimbursed according to the amount you wish to borrow and the desired duration.
The advantages of the Insurance company car loan
- Adapted: Insurance company offers to finance all or part of the desired car purchase project. (depending on whether the client already has a personal contribution or not)
- Clear: the Insurance company car loan is free of any administrative fees and it is not compulsory to have a personal contribution.
- Flexible: It is possible to choose the date of collection according to the situation of each; the arrival of wages for example. It is also possible to repay your credit in advance.
Auto credit + insurance
To best meet the expectations of its customers, Insurance company offers a credit + car insurance package offer to benefit from a reduced fixed APR rate and quality car insurance at the best price.
In order to compare with the other offers on the market, it is interesting to compare “car credit + car insurance” because it is on this combination that Insurance company can be attractive.
How to apply for Insurance company credit?
It is possible to apply for a Insurance company car loan:
- In an agency: nearly 600 agencies located throughout France open from Monday to Saturday.
- By phone: at 3015, free calls. An adviser is available Monday to Friday from 8:30 a.m. to 8 p.m. and Saturday until 5 p.m.
For that you need :
- A valid ID
- Proof of address
- A rib
- Proof of purchase
- The last salary slip or the last tax notice
If the car is purchased from a professional, then you must provide the order form indicating the description of the vehicle, the purchase price, the name of the garage / dealer and the date of purchase. If the vehicle is purchased from a private individual, a purchase letter containing the same information is required.
The principle answer for Insurance company auto credit is given immediately and the final answer is given within 48 hours after sending the file to Franfinance which is one of the credit organizations in partnership with Insurance company. The sum is paid either 8 days or 14 days (legal withdrawal period for a transaction made on the internet) after acceptance of the offer by both parties.