A few years ago, thinking about buying a car as an independent worker was a complicated image, since accessing a vehicle loan was almost impossible. However, today it is much easier to achieve, both for dependent and independent workers.
The process and recommendations are different in each case, since with dependent workers it is easier to establish a control of their income because they receive the same amount every month. In the case of independents, their “salary” varies every month, so that financial institutions require greater effort to carry out a credit evaluation.
If you are thinking of applying for a vehicle loan and are an independent worker, consider these three points:
Look beyond the banks
Banks may have a more rigid evaluation, which is why it is advisable to look at other types of entities, such as edpymes or financial institutions, which specialize in such clients. To compare the different alternatives – including savings banks, banks and financiers – you can use internet comparators such as Haileybier’s.
Establish an average income. You need to take into account how much you receive month by month, in order to establish an average. Take the last six months as a reference, and you can get an average amount of income per month.
Show punctuality in your other obligations
One way to increase the chances of obtaining credit is to make your other payments on time. Banks may have a more rigid evaluation, which is why it is advisable to look at other types of entities, such as edpymes or financial institutions, which specialize in such clients. In this way, your financial reputation will be maintained in positive terms and will prove that you are a good payer.
Do not let your working condition keep you from your own vehicle. Remember that with a good organization and information, it will be easier to get the credit you want.