Your car loan, instant

What is a car loan?

A car loan is a loan to finance the purchase of a new or used car. It falls into the category of consumer credit. Unless accepted, this type of loan is triggered by the purchase of a car and cannot be used to buy another good, just like a motorcycle loan. It is then referred to as an interested credit.

Unlike a personal loan, a car loan is not intended to strengthen the cash flow in any situation. A car loan or auto loan is therefore better perceived by a banker than a personal loan. The banker is indeed assured that the amount lent finances a precise life project.

When you apply for a car loan, you will be asked to provide certain documents. These documents will allow First Finance to evaluate your profile and determine if you meet the conditions to accept the car loan.

First of all, we need personal documents (identity card, residence document, etc.). It also includes financial documents such as your latest pay slips, tax returns, etc.) The purpose of this is to assess your financial situation and, in particular, your ability to repay.

Note that it is not mandatory to send all these documents in paper format. Indeed, First Finance offers you the possibility to contract your credit entirely online. You can send us your supporting documents in scanned version when you subscribe. The First Finance online credit is simpler, faster, totally secure and, moreover, good for the environment.

In addition to buying your car, don't forget to choose an insurance that corresponds to your vehicle and your needs.

Third party insurance may be suitable for an old used car while comprehensive insurance is much more suitable for a new car.

Which car to buy with a car loan ?

The First Finance car loan allows you to borrow between 3,000 and 75,000 euros to finance mainly the purchase of a new or second-hand vehicle. With this amount of money, you are free to buy a small city car for less, a fully equipped sedan, a minivan for large families, or even an SUV if you prefer large dimensions.