How Get a Car Loan With Bad Credit

Comparative: Smart Buy 24 months v / s a credit to 24 months

We know that the car is an important decision to make (and repeatedly) in the course of our lives, even when we resort to a loan, lease or financing. We are curious how they want to get it. Currently the Chilean market offers many alternatives and we want to explore with you what are the preferred or for which you have chosen lately.
If we look around we see that the range of options is extensive and we will review together. All alternatives: from the conventional credit, flexible credit, smart shopping, simple lease, leasing, etc. This week our specialists continue to expand this area of participation, where we will initially compare the SMART SHOPPING TO 24 MONTHS WITH A CREDIT TO 24 MONTHS. Next week we rent and leasing.
Let us BY TAXES
1. We evaluated the purchase of a new vehicle whose value is 10 million, VAT included
2. We are using the same rate in both cases .... 15% per annum or 1.25% per month
3. smart shopping and credit, the vehicle is on behalf of the debtor.
4. smart shopping and credit, the vehicle is pledged in favor of funding, be it a bank or other financial institution.
5. smart shopping and credit, no registration fees, expenses to constitute lien on the vehicle registration of the pledge and administrative expenses we'll ignore because they are very similar in both cases.
6. In both cases we must secure the vehicle. This cost is not incorporated in the cash flow as it should be equal in both cases.
7. We have not included living expenses during the 24 months since these costs should be similar in both cases
8. The smart shopping assumes that a foot of 20% (2,000,000) pay 30% paid in 24 installments (three million plus interest) and the balance is payable at month 24 50% (5,000,000)
9. In the case of credit, we made two scenarios: the first with a foot of 20% (2,000,000) and the second stemless. In both cases the loan is paid in full in 24 months.
10. In both cases the vehicle is sold at 24 months to make comparable products.
11. We have assumed that the vehicle is sold at a price equal to 60% of the purchase value, ie 6 million.
12. This is a non-mainstream financial year and the particular tastes of individuals, such as wanting to keep cars longer. After nearly 24 months there is no guarantee from the manufacturer and maintenances depend on the use that each owner gives your vehicle.