Chery and Exeed cars are sold on credit with a passport

Chery Automobiles Rus, a distributor of the Chery and Exeed brands, and Sovcombank launched the Direct Balloon Promo credit program.

The program includes the full model range of both brands, you can directly request a loan from specialists of official dealers. The maximum loan amount is 6,900,000 rubles, and the maximum term is 60 months.

The deposit under the program will be a minimum of 20% and the “deferred payment” must be equal to 60% of the value of the car. Under the terms, the borrower pays monthly payments of a smaller amount compared to the standard terms for the entire term of the loan, except for the last month.

When creating the documents, only a passport is required, and the decision on whether to grant a loan is made by specialists within an hour.

For loans with a term of 24 and 36 months, a residual payment is available, the initial amount of which corresponds to the redemption value of the car by the bank under the car buy-back guarantee. The customer can also trade in their car and use the difference between the repurchase price and the amount of the remaining payment as a deposit for a new car.

An example of calculating the monthly amount (as of March 28, 2022)

When buying on credit for a period of 60 months a car Chery Tiggo 4 (1.5 MT Base) worth 1,699,900 rubles, taking into account the first payment of 764,955 rubles (45% of the value of the car) and the amount of the remaining payment of 50% of the above price of the car (paid in the last loan payment), the monthly payment will be 17,670 rubles.

Source: Z R

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