May 25, 2024

No Down Payment Vehicle Loan Campaigns

Thanks to the car loan campaigns without a down payment, you can buy your brand new and second hand car without a down payment, even if you don’t have any money in your pocket. Sometimes automobile companies, sometimes banks, sometimes financial institutions give interest-free, zero-interest automobile loans to people who want to change their car or buy a new automobile. Since the end of 2018,  car loan campaigns without down payment in 2019 are with you.

Banks and conditions that give car loans without a down payment

In accordance with the legislation, banks give loans at a certain rate of the vehicle to be purchased. These rates have been determined by the regulation published in the Official Gazette. The text of the regulation states:

“The ratio of the loan amount to the value of the vehicle cannot exceed seventy percent for those whose final invoice value is fifty thousand Turkish Liras or less, in vehicle loans and vehicle-guaranteed loans to be made available to consumers for the purpose of acquiring passenger cars, or in financial leasing transactions to be made. This rate is applied as seventy percent for the part of the price up to fifty thousand Turkish liras, and fifty percent for the portion above fifty thousand Turkish liras for passenger vehicles whose final invoice value exceeds fifty thousand Turkish liras. In second-hand passenger vehicles, the automobile insurance value is taken as a basis in determining the value of the vehicle.”

Source:  https://www.bddk.org.tr/website/turkce/Mevzuat/Bankacilik_Kanununa_Iliskin_Duzenlemeler/12688kredi_islemleri_degisiklik_yonetmelik_31.12.2013.pdf

As can be seen here, people who want to buy a car without a down payment, the car loan that can be withdrawn is determined according to the value of the vehicle, and in this context, it cannot exceed 70% for vehicles with a price of more than 50.000 TL. In addition, if the price is more than 50 thousand, seventy percent credit can be used, while if the amount of credit you withdraw exceeds 50 thousand, this time you can use a maximum of 50% credit for the remainder. This means that those who want to buy a car according to the provisions of the legislation, except for the car loan campaign  without a down payment, must have a cash deposit of around 30% of the vehicle’s value. Because the legislation allows you to take a maximum of 70% auto loan . Of course, with some methods, even if you do not have money, a hundred percent (whole) car loan without a down paymentYou can pull it.

How to get a no down payment car loan?

  1. If you want to give your old car to the automobile company to buy a brand new vehicle, (exchange) then you can take out a loan for the remaining part. The company will determine a price for the vehicle it will buy from you, will count the price of this vehicle as a down payment and will allow you to use a vehicle loan for the remaining amount.
  2. Visit automobile companies. Companies such as Honda, Toyota, Renault, Fiat, Hyundai, Mercedes, Bmw, Volkswagen, Seat, Opel will allow you to take out an automobile loan without a down payment, thanks to their own financial institutions, for your zero kilometer and second-hand car purchases.
  3. As Fiat enters 2019, interest-free loans of 30 thousand liras, Peugeot provides 0-interest loans up to 30-35 liras for many vehicles. For this reason, if you do not have a down payment, you can visit automotive companies.
  4. If there is no problem with your credit score, if your record is not broken, you can apply for a general purpose loan instead of taking out an automobile loan, and you can use a car loan without a down payment without having a mortgage on your vehicle .

You can benefit from government-supported vehicle purchase and rental loans for workplaces and companies for SMEs. Automobile lending banks offer more attractive advantages and lower interest rates for companies. You can research these loans and evaluate bank loans suitable for your company.

TEB provides a 48-month auto loan that can be used within 24 hours .

İşbank fast auto loans without down payment; İşbank provides vehicle loans for both new and second-hand vehicles. Since your vehicle is mortgaged for zero kilometer vehicles, no guarantor is required. İşbank can provide car loans for Alfa Romeo, Chevrolet, Bmv, Citroên, Volkswogen, Seat, Suzuki, Toyota, Volvo, Ssangyong, Skoda, Peugeot, Nissan, Ford, Porsche, Renault, Landrover Lancia, Hyundai, Kia, Fiat, Dacia brand vehicles. .

Garanti Bank’s lowest interest rate  car loan campaigns ; Garanti Bank provides vehicle loans for all new mileage vehicles and second-hand cars up to 10 years old. Automobiles older than 10 years of age cannot receive credit within the scope of the campaign. The maturity period of the loan is forty-eight months. In addition to the conditions stated above, Ziraat Bank gives loans to second-hand vehicles and zero kilometer vehicles up to 5 years old instead of 10 years old. The bank also provides tractor and construction machinery loans for farmers.

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