Did you know when applying for auto financing at an Israeli bank in 60 months you will pay 83% of the total interest costs in the first 36 months? – You need to know why this is important?
Did you know when attempting to save money financing a late model used car you will pay 155 to 168% of the total interest cost for the same car, new?
There is a better way, with protection that no bank finance contract can offer.
The auto financing and leasing system in Israel is neither consumer friendly nor forthcoming. Lending institutions have numerous conflicting policies and restrictions. General procedures are nonexistent even between branches of the same bank family.
Loan officers and their managers who are the gate keepers in deciding if you are eligible to receive auto loan financing are by nature conservative; therefore, to increase your chances of receiving financing with favorable terms, you must know which branch and which managers are looking for automobile loans.
Dealer offered financing packagers are not always to your best interest. Dealers, lease companies, and their participating banks do not operate as consumer counselors. Their function is to quickly get you the customer into a vehicle and move to the next client. Reviewing all options, cash vs. lease vs. finance (conventional and alternative) takes time and knowledge which many sales representatives don't posses, and do not have time to explain.
There are a lot of things we native English speakers can do in our second language but auto leasing and financing is not necessarily one of them. Nuances and implied content on financial matters can be problematic. Case in point the popular offer of No interest loans.
Have your options and terms explained to you in your native tongue, only then can all the questions and concerns you may have be addressed to your satisfaction.
We are your bridge between the bureaucratic financial institutions and the English speaking public who need affordable automobile auto financing/leasing. To reach this goal we stay current on the fluctuating and diverse programs offered by competing banks and lease companies.
Satisfy your left brain concerns first by investigating the cost of automobile ownership.