Car finance companies without a down payment in Jordan help customers to buy cars more easily, as in many cases a person needs to buy a car for any reason, but he cannot collect a car down payment. Many companies allow buying a car without a down payment. The need for a down payment, and on the money makers' website we will get to know those companies.
Car finance companies without a down payment in Jordan
Many times a person is faced with the need to buy a car but cannot collect the price of the down payment.
There are some ways in which the car can be paid in installments without a down payment, and among those ways are the companies that made it possible to buy cars by paying the first installment directly without the need for the first payment, and in the following paragraphs we will review these companies:
1- Al-Dawayma Gallery
This exhibition is one of the exhibitions located in the Zarqa Free Zone in the Kingdom of Jordan. This exhibition provides many facilities, which allow the customer to buy the car in installments, and without a down payment.
This company is taking this step to attracting customers to buy cars, through the competitive prices it offers on cars.
2- Aoun Gallery
Among the car financing companies without a down payment in Jordan, Aoun Company located in the Zarqa Free Zone in Jordan, this company is working on selling many cars, of all brands and models.
Ways to buy a car
In addition to car financing companies without a down payment in Jordan, there is another way that enables the customer to buy a car without a down payment and in a safe way, and that method is car loans in many banks in Jordan, and these loans are represented in the following paragraphs:
1- Car loan from Jordan Commercial Bank
Jordan Commercial Bank has made many loans available to customers, including a car loan, which allows the customer to purchase a car without a down payment.
This is done by transferring the salary to the bank, provided that the minimum salary is 350 dinars, the maximum repayment period is 8 years, and the interest on this loan is 3.9% of the loan value.
2- Car loan from Jordan Housing Bank
It is worth noting that the Housing Bank is one of the banks that finance cars without a down payment, through a loan with a salary transfer guarantee, with a minimum salary of 250 dinars.
The financing covers all the costs of the new car, and 90% of the costs of the used car, and the interest from this loan is 3.9% of the value of the financing, provided that the payment is made within a maximum period of 10 years.
3- Car loan from Bank of Jordan
This bank works to finance the car for the public sector, and it is not required to transfer the salary, but the minimum salary must be 500 dinars, and the bank gives the customer a repayment period of up to 7 years.
Provided that the interest is 3.8 if the financing covers 70% of the costs of the car, but if it covers 50%, the interest is 4%.
4- Car loan from Jordan Kuwait Bank
This bank offers car financing without a down payment, but the salary must be transferred to the bank, with a minimum salary of 300 dinars.
The interest for this financing is 7.75%, and the bank provides a repayment period of 8 years if the car is new, and 6 years if it is used.
5- Car loan from Arab Bank
In addition to car financing companies without a down payment in Jordan, many banks work on car financing without a down payment, and among these banks is the Arab Bank.
The salary must be transferred to the bank, with a minimum of 400 dinars, if the loan repayment period is less than 4 years, the interest is 5% if the car is good, but if it is used, the interest is 5.5%.
Advantages of car installment without a down payment
In light of the economic problems the world is witnessing, many merchants and companies are looking for solutions to revive sales again, and one of those solutions is to be car finance companies without a down payment in Jordan.
In addition to many convenient installment systems, many people want to buy a car but cannot buy it in cash, which makes them resort to the installment system without a down payment.
This system allows customers to have more types and models of cars, instead of being limited to one type, or model, according to the amount that the customer is in control of.
It also helps companies and traders increase their sales in the Jordanian market, especially in light of the economic recession in which they are living.
Tips when buying a car in installments
If you have made the decision to buy the car in installments, you must be aware of some things, and our advice to you before you buy the car in installments is the following:
- You must have knowledge of all installment systems.
- It is necessary to choose whether you want to pay the installments through the company directly, or indirectly through the bank.
- After you choose the car, you must know all the information and capabilities that the car carries, and all its flaws and features, so as not to be surprised after buying it.
- If you want to buy a used car, you must go to a specialist who will check the car well to detect any defects or damage.
- It is necessary to make sure that the car you want to buy has spare parts in Jordan.
- It is imperative to read all the clauses in the contract during the purchase process, and there should be a lawyer or a specialized person with experience in these matters.
- It is necessary to make sure that there is an authorized service center for that car you have chosen.