Credit a trick! ... The car no longer a luxury, any bank will give you pleasure for its purchase loan. However, along with a loan you yourself up for additional costs and unnecessary headaches. What? At least prepare for this!
My friend named Alice decided to buy in the cabin Avtomir »Hundai Accent for $ 13,470. Such money had not had, and she decided to take one of the largest Russian banks. There, she was offered a loan without a down payment for three years under 10,5% per annum in foreign currency. Alice, these conditions are quite happy - quite frankly, not the most expensive (though not the cheapest) in the market of credit. Received from the bank good friend rushed execute all documents and then learned about the details that were previously concealed from her.
First, for opening the account she had to pay $ 200 - but it was a one-time payment. Secondly, for the maintenance of the account she would unfasten 0,3% of the loan amount (ie $ 40) - is already a monthly basis. Immediately it became clear that the advance credit to her best not to return - at least not earlier than seven months. Otherwise she would have to lay out a fine amounting to 2% of the amount of debt. However, much more spending it waiting ahead.
The bank Alice announced that a necessary condition for the issuance of auto loan - insurance comprehensive insurance (car insurance against theft and damage). In fact, comprehensive insurance - is voluntary, unlike OSAGO, which should insure any motorist.
The bank Alice announced that a necessary condition for the issuance of auto loan - insurance comprehensive insurance (car insurance against theft and damage). In fact, comprehensive insurance - is voluntary, unlike OSAGO, which should insure any motorist.
But in the case of autocredit 99% of the banks insist on the hull, thereby increasing the overhead of the borrower: this policy is sometimes up to 10% of the value of cars annually. Although not a problem, the policy - a good thing. By requiring the customer to buy insurance, the bank insists on a contract with certain companies - the list can consist of five or six operators, and can and does limited to one insurer. And the tariffs they will be higher than in other companies - about 3-4%. For example, insurance on the hull in Ingosstrakh cost Alice in 9,99% of the cost of new cars per year, ie $ 1346. If my girlfriend was able to go to another company, the tariff would amount to 5-6%, ie a policy would cost half as much. True, the market has banks, programs that do not involve compulsory comprehensive insurance - such products are, for example, "Russian Standard" and "VTB 24". However, the rate on the loan in this case will exceed the cost of insurance and loans amount to approximately 13% in currency and 16% in rubles. "It should be understood that the car is collateral for the loan and the bank has increased the risks. Hence the inevitable rise in interest rates on credit "- explains director of the department of retail crediting Binbank Oleg Sokolov.
The driver, Beware!
On this "pleasant" surprises for motorists, who became the owner of a car on credit, do not stop there. Not only are you tied to one company until full payment of the loan, and the cost of the policy is fixed throughout the term of the loan - despite the fact that the annual cost of the machine is losing weight, and therefore should be reduced and the insured amount (about 20% - for the first year and 10% - for every next). This is Alice, and told the insurance company. It was to three years in a row to give the insurance for $ 1,345.65, but in case of accident or theft recovery should have been paid according to the value of vehicles at the time of the accident. If Alice took the car for "their", it became cheaper to policy with the sum insured.
Do not overlook the fact that insured Alice alone with the extension of the policy for the next year it would receive a discount on loss-free driving (so-called system of bonus-malus). Of course, if the drive would be really breakeven. But in the case of autocredit bonus-malus system is not working. Also, when filling out the "credit" insurance valid for one fare for all, whereas with a direct appeal to the insurer takes into account seniority and age of the driver. Alice got a number of "losers" because of its experience - 6 years - she was entitled to a discount. But not received. Because it took a car loan. And finally, in normal cases, insurance companies usually allow insurance to pay in installments. But if you are tied to the bank, in such a pleasure you will be denied. Why? Because if you forget to make a regular contribution for the renewal of the policy, its effect may suspend the insurer. But when it comes to credit, insurance company agreed with the bank can not deny that you've purchased duty auto insurance coverage. "Customers tend to forget about payments, but we must vyzvanivat and remind them of the next installment in favor of the insurer, and therefore refused on the installment plan", - says Director of Retail Business Department of the Bank of Moscow Roman Vorobyov. But this is not all. After reviewing the terms of the comprehensive insurance program, Alice learned that the insurance policy only begins the list of additional items. For the insurance required to put in the cabin protective complex worth $ 400. And install the device had to be in the salon where I bought my car. Otherwise we will not see insurance. But the choice of Alice was not there. Thus, one should understand that the stated price in the cabin - it is only a big part of your expenses, but not all. Adding to the cost of car insurance premiums (about 10% of the value of vehicles), accessories ($ 300) fee for opening the account ($ 150-200) monthly fee for account maintenance (0,3-07% of the loan amount) and the first monthly payment, you will receive the amount, which will cost you buy a car. So Alice, who was looking for a program without a down payment, once had to pay $ 2,394.
We must carefully read the fine print
But the higher cost of credit in connection with the requirements of banking institutions and insurers - are not the only pitfall, which will have to face the owner of the purchased loan car. Do not think that by buying a comprehensive insurance policy, you release yourself from all the problems. They say, happen that an auto insurer will repay your debt to the bank. Do not flatter yourself. As with conventional insurance, car loans in the policy will identify the exceptions under which the insurance company may refuse to pay. They are four: first, if you broke the car, being drunk, and secondly, if in an accident on your machine gets citizen who is not inscribed in the policy, and thirdly, if the car drove off with the documents and, fourthly If you are unable to provide the insurance company a complete set of keys to the car. Yet often the car stolen along with the documents or keys. So in this case, you'll be without a car and a debt to the bank. The money is in any case, you will return.
But even if the insurer decides on compensation, even then be prepared for surprises. To begin with, that you do not get paid, and the bank - that he indicated in the policy as the beneficiary. That is, funds are transferred along the chain: the insurance company, bank - the customer. What it looks like in practice? "In case of theft or constructive loss of the car insurance compensation is paid into the borrower in the bank that issued the credit, - says head of auto loan ROSNO Anna Grodskaya. - Of this amount, the bank holds the client's debt balance and the balance disposed of the insured. The question is, is there anything to the client after all these calculations?
Alas, a year after purchase Alice got into an accident and the car has suffered so much that the restoration could be no question. By providing all the necessary documents in Ingosstrakh, Alice learned that the insurance payout will be at $ 13,470 (cost of the machine), but with minus 20% (depreciation of the car for the first year) - that is, $ 10,776. By the time of the accident Alice has already paid the bank $ 5388 and was supposed to return together with interest of $ 10 776. That is, the insurance payment sufficient to repay bank debt. Alice herself is no recovery, respectively, did not receive.
As we found out the "Profile", a chain of "insurance company-bank-client" is contrary to the law (Art. 930 CC RF). "By issuing a loan, the bank requires a contract of insurance in its favor, but it is illegal, - explains the professor of civil and business law GUVSHE Yuri Fogelson. - It is considered that the car was bought on credit until the last payment to the bank is not owned by the client. This is a gross mistake. The machine becomes the property of the purchaser from the date of purchase, no matter what she bought on credit or not. Now there were court decisions that recognize such contracts null and void. The systematic practice of today is not yet formed, already has won several cases. " By law, Alice had to get money from the insurance company on hand, and its only obligation to the bank - to repay the loan within three years. Although the logic of the credit institution is also quite clear: to get money from the insurance company is easier than to give them up lishivshemusya cars to our clients, and then hope for his consciousness. Why force him to "retribution" on the accounts in real life very difficult, especially through official channels.
Repair with insurance
Most insurance companies do not have to spend on payments to banks, and on the transfer of funds to service stations - for the repair of cars bought on credit. Here, the borrower can wait for surprises. A member of the "profile", Vladimir, has acquired a loan of the car in the saloon "Incom-Auto, his car several times and then fall into the accident and the insurance company" Basis ", in which the bank forced him to arrange comprehensive insurance, regularly sending the car repaired in Inkom, where he was standing on the warranty. But after another accident insurer said it had halted cooperation with the service "Incom-Auto, and therefore now offers a service for repairs in another cabin -" Block-auto. At the insistence of Vladimir to use the car still in Inkom, insurers said that he can pay for it repairs itself, and promised to reimburse the cost, while hinting that the amount of payments may vary in check. Vladimir gave up and gave the car a "block-auto - there she kept more than a month, explaining the prolonged lack of repair parts. But the insurance company "basis" without delay, reminded him of the need to make the insurance premium for the next year.
Costs of competition
Wishing to attract new customers, some banks have developed the so-called interest-free auto loans. True, he issued only 50% of the cars, the rest of the amount paid by the borrower. The question arises: what is the point at all to the bank to give money to the client without having any income? "Interest-free loan actually - this is a publicity stunt - explains Professor Yuri Fogelson. - It pays off not only the Commission for opening the account and the Commission for its maintenance. For example, the bank provides loans at 50% of the value of vehicles, and insure the car in any case requires the full value. Thus, half of the premium goes into an agent fee to the bank. Oleg Sokolov added: "Interest-free credit - is usually the initiative salons that aim to sell certain models. It rarely extends to the entire range. Thus, a dealer, attracting customers a good deal benefits from increased sales. Bank is also advantageous. Under the contract between the bank and insurer, the latter generously pays the bank for clients, which he delivers it. According to Roman Vorobyov, the percentage of the premium in favor of the bank can reach 15%. In addition, interest-free loan, usually in supplements to Casco Bank insists on life insurance. And with this policy to the bank also takes an interest. By the way, recently the problem ozabotilas Federal Antimonopoly Service (FAS), it is currently analyzing the cooperation of banks and insurance companies. "Against those" unions ", which will detect signs of unfair competition in late July will be prosecuted for violation of antitrust laws. If there are serious violations, we will inform the Central Bank ", - said the" Profile "deputy chairman of the FAS Larissa Zharkov.
"Pitfalls" auto loan
- Commission for opening the account (4-6 thousand rubles); - The commission for the account (0,3-0,5% of the loan amount every month); - The penalty for early repayment of the loan (1-2% of the amount of debt); - Insurance companies accredited only at higher rates (2-4% above average); - Fixed rate for insurance, excluding depreciation of the car, seniority and age of the driver; - Fixed rate for insurance without regard to the system "bonus-malus" (unprofitable / loss-free driving); - Failure to pay insurance in installments.
The driver, Beware!
On this "pleasant" surprises for motorists, who became the owner of a car on credit, do not stop there. Not only are you tied to one company until full payment of the loan, and the cost of the policy is fixed throughout the term of the loan - despite the fact that the annual cost of the machine is losing weight, and therefore should be reduced and the insured amount (about 20% - for the first year and 10% - for every next). This is Alice, and told the insurance company. It was to three years in a row to give the insurance for $ 1,345.65, but in case of accident or theft recovery should have been paid according to the value of vehicles at the time of the accident. If Alice took the car for "their", it became cheaper to policy with the sum insured.
Do not overlook the fact that insured Alice alone with the extension of the policy for the next year it would receive a discount on loss-free driving (so-called system of bonus-malus). Of course, if the drive would be really breakeven. But in the case of autocredit bonus-malus system is not working. Also, when filling out the "credit" insurance valid for one fare for all, whereas with a direct appeal to the insurer takes into account seniority and age of the driver. Alice got a number of "losers" because of its experience - 6 years - she was entitled to a discount. But not received. Because it took a car loan. And finally, in normal cases, insurance companies usually allow insurance to pay in installments. But if you are tied to the bank, in such a pleasure you will be denied. Why? Because if you forget to make a regular contribution for the renewal of the policy, its effect may suspend the insurer. But when it comes to credit, insurance company agreed with the bank can not deny that you've purchased duty auto insurance coverage. "Customers tend to forget about payments, but we must vyzvanivat and remind them of the next installment in favor of the insurer, and therefore refused on the installment plan", - says Director of Retail Business Department of the Bank of Moscow Roman Vorobyov. But this is not all. After reviewing the terms of the comprehensive insurance program, Alice learned that the insurance policy only begins the list of additional items. For the insurance required to put in the cabin protective complex worth $ 400. And install the device had to be in the salon where I bought my car. Otherwise we will not see insurance. But the choice of Alice was not there. Thus, one should understand that the stated price in the cabin - it is only a big part of your expenses, but not all. Adding to the cost of car insurance premiums (about 10% of the value of vehicles), accessories ($ 300) fee for opening the account ($ 150-200) monthly fee for account maintenance (0,3-07% of the loan amount) and the first monthly payment, you will receive the amount, which will cost you buy a car. So Alice, who was looking for a program without a down payment, once had to pay $ 2,394.
We must carefully read the fine print
But the higher cost of credit in connection with the requirements of banking institutions and insurers - are not the only pitfall, which will have to face the owner of the purchased loan car. Do not think that by buying a comprehensive insurance policy, you release yourself from all the problems. They say, happen that an auto insurer will repay your debt to the bank. Do not flatter yourself. As with conventional insurance, car loans in the policy will identify the exceptions under which the insurance company may refuse to pay. They are four: first, if you broke the car, being drunk, and secondly, if in an accident on your machine gets citizen who is not inscribed in the policy, and thirdly, if the car drove off with the documents and, fourthly If you are unable to provide the insurance company a complete set of keys to the car. Yet often the car stolen along with the documents or keys. So in this case, you'll be without a car and a debt to the bank. The money is in any case, you will return.
But even if the insurer decides on compensation, even then be prepared for surprises. To begin with, that you do not get paid, and the bank - that he indicated in the policy as the beneficiary. That is, funds are transferred along the chain: the insurance company, bank - the customer. What it looks like in practice? "In case of theft or constructive loss of the car insurance compensation is paid into the borrower in the bank that issued the credit, - says head of auto loan ROSNO Anna Grodskaya. - Of this amount, the bank holds the client's debt balance and the balance disposed of the insured. The question is, is there anything to the client after all these calculations?
Alas, a year after purchase Alice got into an accident and the car has suffered so much that the restoration could be no question. By providing all the necessary documents in Ingosstrakh, Alice learned that the insurance payout will be at $ 13,470 (cost of the machine), but with minus 20% (depreciation of the car for the first year) - that is, $ 10,776. By the time of the accident Alice has already paid the bank $ 5388 and was supposed to return together with interest of $ 10 776. That is, the insurance payment sufficient to repay bank debt. Alice herself is no recovery, respectively, did not receive.
As we found out the "Profile", a chain of "insurance company-bank-client" is contrary to the law (Art. 930 CC RF). "By issuing a loan, the bank requires a contract of insurance in its favor, but it is illegal, - explains the professor of civil and business law GUVSHE Yuri Fogelson. - It is considered that the car was bought on credit until the last payment to the bank is not owned by the client. This is a gross mistake. The machine becomes the property of the purchaser from the date of purchase, no matter what she bought on credit or not. Now there were court decisions that recognize such contracts null and void. The systematic practice of today is not yet formed, already has won several cases. " By law, Alice had to get money from the insurance company on hand, and its only obligation to the bank - to repay the loan within three years. Although the logic of the credit institution is also quite clear: to get money from the insurance company is easier than to give them up lishivshemusya cars to our clients, and then hope for his consciousness. Why force him to "retribution" on the accounts in real life very difficult, especially through official channels.
Repair with insurance
Most insurance companies do not have to spend on payments to banks, and on the transfer of funds to service stations - for the repair of cars bought on credit. Here, the borrower can wait for surprises. A member of the "profile", Vladimir, has acquired a loan of the car in the saloon "Incom-Auto, his car several times and then fall into the accident and the insurance company" Basis ", in which the bank forced him to arrange comprehensive insurance, regularly sending the car repaired in Inkom, where he was standing on the warranty. But after another accident insurer said it had halted cooperation with the service "Incom-Auto, and therefore now offers a service for repairs in another cabin -" Block-auto. At the insistence of Vladimir to use the car still in Inkom, insurers said that he can pay for it repairs itself, and promised to reimburse the cost, while hinting that the amount of payments may vary in check. Vladimir gave up and gave the car a "block-auto - there she kept more than a month, explaining the prolonged lack of repair parts. But the insurance company "basis" without delay, reminded him of the need to make the insurance premium for the next year.
Costs of competition
Wishing to attract new customers, some banks have developed the so-called interest-free auto loans. True, he issued only 50% of the cars, the rest of the amount paid by the borrower. The question arises: what is the point at all to the bank to give money to the client without having any income? "Interest-free loan actually - this is a publicity stunt - explains Professor Yuri Fogelson. - It pays off not only the Commission for opening the account and the Commission for its maintenance. For example, the bank provides loans at 50% of the value of vehicles, and insure the car in any case requires the full value. Thus, half of the premium goes into an agent fee to the bank. Oleg Sokolov added: "Interest-free credit - is usually the initiative salons that aim to sell certain models. It rarely extends to the entire range. Thus, a dealer, attracting customers a good deal benefits from increased sales. Bank is also advantageous. Under the contract between the bank and insurer, the latter generously pays the bank for clients, which he delivers it. According to Roman Vorobyov, the percentage of the premium in favor of the bank can reach 15%. In addition, interest-free loan, usually in supplements to Casco Bank insists on life insurance. And with this policy to the bank also takes an interest. By the way, recently the problem ozabotilas Federal Antimonopoly Service (FAS), it is currently analyzing the cooperation of banks and insurance companies. "Against those" unions ", which will detect signs of unfair competition in late July will be prosecuted for violation of antitrust laws. If there are serious violations, we will inform the Central Bank ", - said the" Profile "deputy chairman of the FAS Larissa Zharkov.
"Pitfalls" auto loan
- Commission for opening the account (4-6 thousand rubles); - The commission for the account (0,3-0,5% of the loan amount every month); - The penalty for early repayment of the loan (1-2% of the amount of debt); - Insurance companies accredited only at higher rates (2-4% above average); - Fixed rate for insurance, excluding depreciation of the car, seniority and age of the driver; - Fixed rate for insurance without regard to the system "bonus-malus" (unprofitable / loss-free driving); - Failure to pay insurance in installments.
No comments:
Post a Comment