Tip 1: Do I need insurance when buying a car?
Tip 1: Do I need insurance when buying a car?
In 2000, in Russia, auto insurance becamecompulsory. Many car enthusiasts still wonder: Do you need car insurance when buying a car? While there are disputes on this issue, the law is still in force.
Types of insurance
Buying a car into personal property, you draw up a number of necessary documents that allow you to legally use motor vehicles. Among the technical documents that ensure the ownership and management of the vehicle, you must have an insurance policy for the car. There are several types of official insurance: - Motor third party liability insurance - Auto insurance KASKO - Auto insurance DSAGO - Auto insurance "Green card".Types of insurance
In turn, they are divided intocompulsory and voluntary types of insurance. Therefore, when buying a car, one way or another, it will still have to be insured. Here are just what types of insurance for your car you will use depends on your decision. The required vehicle insurance is provided by law, so it can not be avoided. This type of car insurance includes OSAGO - a property insurance vehicle, which insures the possible risk of civil liability of the driver, the culprit of an accident that caused material damage to another participant in the car accident. More precisely, if the driver gets through his fault in an accident, the insurance company compensates the damage caused for it, exactly with the compensation sizes prescribed in the document. Of course, you can go on a trip without insurance of OSAGO, but at the first post of traffic police you will be fined for this, since driving a vehicle without an OSAGO insurance policy is illegal. Other types of insurance, such as CASCO, DSAGO and the Green Card, are carried out at the voluntary desire of the car owner, but it should be noted that when buying an auto loan, KASKO becomes mandatory, otherwise the bank will not approve a car loan. CASCO is a car insurance that assumes that in cases prescribed in the insurance of possible damages, this facility will be repaired at the expense of the insurance company. DSAGO, as an additional type of compulsory motor third party liability insurance, works in the event that there are not enough funds to reimburse the damage on the OSAGO policy. Auto Insurance "Green Card" is necessary in the event that you plan to travel on your car abroad.Reasons to purchase auto insurance
In ordinary people there is an opinion that auto insurance -it's a waste of money. With this you can agree, if you are a professional driver, observe the rules of the road or in general you do not have a car. Buying auto insurance, you first of all insure your budget from unforeseen circumstances, get economic and psychological protection. Of course, modern Russian auto insurance requires certain improvements and legislative innovations, but still it is some kind of guarantee of your economic security. Moreover, the law on compulsory insurance has not been canceled, so you still need to buy auto insurance to be able to legally move on your vehicle. The only thing you can do at your discretion is to choose an insurance company.Tip 2: What is the penalty for an overdue MTPL policy
The absence of a MTPL policy is an administrative violation, for which a penalty is issued. However, the amount of punishment, depending on the circumstances, can be different.
There is no insurance at all or it is past due
For the absence of a MTPL policy, the guilty person faces a finein the amount of 800 rubles. The same amount will be forced to pay to the budget driver, whose insurance is over (expired). In addition to financial "impact," the traffic police inspector has the full right to remove from your car state registration numbers (the ban was introduced from 1.01.2013). After registration of the fine, removal of numbers of the employee you should reach the nearest office that you could insure the car. Moreover, it is necessary to do this within 24 hours. As a result, your plans will be violated: you will have to spend time on buying OSAGO and returning numbers to the STSI.The policy is forgotten at home or the driver is not entered
If the policy is, but for some reason was not incar, the guilty person is waiting for an administrative penalty in the form of a fine of 500 rubles (according to the Code of Administrative Violations, Part 2, Art.12.3). The amount is small, the question is whether the inspector will wait until you provide him with insurance, or remove the state number. There is one more nuance: a traffic accident. If at this unpleasant moment you do not have a policy, but your fault, then the insurance company has the right to demand compensation from you in court. But before that, insurers will be obliged to compensate the injured. There is also a situation when it is required to immediately get behind the wheel of a car, and there is no time to write insurance. If such a violation is detected, the traffic police inspector will impose a fine of 500 rubles (KOAPP, part 2, article 12.37). If the reason can not be eliminated immediately (for example, a driver entered in the policy of OSAGO will appear, or he will be able to "expand" with the help of insurers), the road agency employee will remove the numbers. The operation of the vehicle will be prohibited until the cause of the ban is eliminated. Be careful when drafting the protocol: some unscrupulous (or ignorant) traffic police officers can try to arrange a home insurance, forgotten at home, as absent altogether. Then the difference in the fine will be 300 rubles.Tip 3: How to buy a car on credit and not lose money
With the development of lending, evenlarge, expensive purchases. For example, cars. But in order not to get confused in the variety of proposals for car loans, you need to thoroughly understand this issue and examine the conditions not in one bank. Only then you can choose the most profitable option for yourself.
It should be mentioned that the car loans programbanks often develop together with car dealers - after all, both sides are interested in sales, and therefore create proposals that best meet the needs of potential buyers.
Features of auto loans
You can get a loan for the car in two ways -starting from the desired model of the car, or by focusing on an advantageous offer of the bank. In the first case, it's the easiest way to apply for a loan directly in the car dealership, and often there are offered quite popular express loans, which require a minimum of time and documents. As a rule, only a passport and a driver's license are sufficient for such a loan - and your car. However, this simplicity in obtaining has its disadvantages - a less favorable interest rate - for example, 2% higher than the usual offers issued by the bank.
To buy domestic cars, the stateoffers subsidies and compensates for 2/3 of the refinancing rate (about 5.3%). Thus, instead of the usual rate of 12-15% you can save and overpay only 8-13%.
Any car loan (in addition to the principal debt and interest) includes a few more important expenses:
- Commission for opening an account (single entry or forthe whole service life) - Several types of insurance (mainly CASCO + life insurance) - Installation of alarms on the purchased car - Putting the car on the account in the traffic police
More details about the details of the car loan should be asked by your bank manager, because depending on the conditions and methods of obtaining additional spending may vary.
Process of registration and necessary documents
The terms on which banks issue a loan,vary from a year to 7 years, and this directly affects the interest rate. However, some banks specifically hold interest rates regardless of maturity, which immediately makes them attractive to customers.
You can get a loan either in cash or immediately by transfer to the account of the car dealer.
However, banks often put forward their requirements for loans to cars, and this must also be taken into account. Someone does not provide loans for the purchase of used cars, others - ignore the Russian car industry.
The most important for the bank, as always, is the financialcustomer consistency and reliability. Among the required documents are a passport and a driver's license, but many credit institutions offering more favorable conditions are more serious about checking potential customers, demanding a 2NDFL certificate (sometimes a copy of the work record book), a certificate of income, a copy of the agreement with the car dealership and an invoice on the car.
In addition to financial documents, banks also pay attention to the driver's license. For example, a bank may refuse a novice client without a driving experience who wants to buy a very expensive car.
Features of insurance
A car bought on credit is yourpledge of a refund to the bank, so the most important point in obtaining a car loan is insurance. As a rule, banks set strict requirements for insurance and life of the borrower, and the car itself for the entire term of the loan. This is done to ensure that in the event of an insurance event (car theft, accident with irreparable damage), both the bank and the consumer had guarantees.
In case of an insured event, the insurance company transfersmoney to the bank, and only then the loan is considered repaid. Until insurance has covered the loan, the client must pay the full amount.
There are two types of insurance: CASCO and OSAGO. OSAGO is Mandatory Motor Third Party Liability Insurance, which covers only a number of insured events, but in many respects is unreliable for beginners.
CASCO is the insurance of the car from anyincidents, including theft. CASCO is considered an ideal insurance for those who do not want any problems, so it costs more - up to 10% of the total cost of the car. Most banks require the registration of this insurance, but there are a small number of those who have sufficient OSAGO. It is important to consider that such banks require a large amount of down payment - usually from 30% of the price of the car.
The car loan is, perhaps, one of the mostjustified types of lending, because the car - expensive and sometimes unbearable purchase, but often really necessary. If you correctly understood the conditions of the bank and the nuances of payments and insurance, the car will not become a burden to you, but justify its benefits for the joy of you and your family.
