Car Finance?...
 

Hi
can anyone advise me about vehicle finance/bank loans?We live in Benalmadena and I have a steady job,got my NIE,have my residency permit,Spanish bank account etc,and I would like to trade my UK car for a half decent Spanish one,but to do this I would like to get finance or a bank loan,can anyone tell me if this is easy to do?,incidently we have been here for six months....
regards
Eileen

Re: Car Finance?...
 

Looks to me that you have everything you need to be able to apply for finance/loan so either get down the dealer and see if they have any decent finance deals or talk to the loans adviser/manager at your local bank.

One word for warning tho many companies in Spain won't take a RHD car in part exchange, so it might be worth trying to sell it to a returning expat.

Re: Car Finance?...
 

Thanks for the input Zel....
regards
Eileen

Re: Car Finance?...
 

Just a further note:

If you're buying new from a Franchise dealer then I would look to see their own finance rates as the industry is quite slow thanks to the credit crunch/recession talk so some franchise dealers are offering 0% (terms and conditions apply of course)

Then if that wasn't the case I would then goto the bank as they will be cheaper than third party finance that's for sure.

Re: Car Finance?...
 

This company take UK plated cars http://www.manilvaautos.com/ and advertise everyday on global FM. I personally lease a car from a place where you live for 400 euros a month all in insurance and servicing etc. Can change it whenever i want and is that price all year round.

Re: Car Finance?...
 

:eek: at their prices :ohmy:

Re: Car Finance?...
 

Just pointing out they take UK plated cars. Don't take no notice of there prices though they seem to advertise some good deals on the radio.

John

Re: Car Finance?...
 

I had no problem getting a loan from my bank, I just needed to produce a current contract, as I was working for some one else at the time.

Re: Car Finance?...
 

I am using Ford options...where I pay an amount each month on my new car.
At the end of a 3 year period...I pay the amount left owing...or I have a nother brand new car...and they will give me the full book value from this one.
I believe most Ford dealers do this option.
Susan

Re: Car Finance?...
 

Thanks to all for the replies,their are a couple of options I can look into...
regards
Eileen