Astro financing: the alternatives to buy a car
For the purchase of a Astro car, the finalized loan is evaluated and eventually disbursed by Astro, which is a company that is 100% owned and controlled by SCV bank. In particular, Astro is the Italian branch of SCV bank, and offers different financial products, to facilitate the purchase of a car in installments, or to support other types of operations such as leasing.
What products do you offer?
Within the Loans section proposed by the official financial website we find the following alternatives as of January 30, 2019:
- classic credit;
- leasing and rental;
- Astro Way;
In the “classic credit” we find various solutions dedicated to the purchase by installments of one’s own Astro car by individuals and companies. The loan can also be protected with “insurance coverage” for both the car and the selected credit. The various solutions are (Source: Astro official website – Date: 30 January 2019):
This is the most traditional financing proposal, with the choice of an amortization plan of choice between 36 and 84, and the application of the market rate offered at the moment (zero rate with Tan 0 only in the course of possible promotions). You can add 3 years of Renassic insurance (Source: Information sheet) with complete protection in the event of: theft or fire, vandalism, natural events and even in the event of a mini-collision.
By choosing this formula, we add 5 years of car warranty and 1 year Renassic (with complete protection from theft, fire, vandalism, natural events and mini-collision).
Adds the Mefort insurance coverage to the Drive version to protect your car at 360 °
As already mentioned, the rates can vary greatly depending on the market or on any ongoing promos. Having said this from the official information sheet we can appreciate the conditions proposed on 30 January 2019 for a finalized loan of 10800 USD to be repaid in 53 installments (business customers). In this example, the costs related to financing for companies and VAT number holders include:
- Preliminary investigations: max $ 300;
- SDD practice and collection costs, or with postal bills: $ 3;
- cost Request Early Redemption Counting $ 10;
- Expenses for periodic communications to customers: free online and $ 1.20 on paper.
For consumers, the conditions are similar except for those of preliminary investigation that are not reported in the information sheet and depend on the amount requested.
Leasing or long-term rental
These solutions are designed for those who have a VAT number. With the Leasing, to know the conditions you have to ask for one or more estimates, which are personalized according to the various parameters (type of car, duration, amount of advance and redemption, etc.). In practice, the possible purchase of the vehicle is financed on the card, which is completed only with the redemption price. This can also be paid in advance of the agreed term (in this case the vehicle can also be sold as used).
With long-term car rental, the car remains the property of Astro, which offers the customer free loan. It is possible to customize the service with various packages, upon payment of a fixed fee for the set period of time. You can then request the sale of the vehicle, but this option is not automatically provided as a possibility in the contract.
With this financial proposal the purchase of the Astro car always takes place with financing, which however in the contract provides for three possibilities, with a fixed deadline:
- return the car to the dealer without buying the car and without having to pay other installments;
- change of car, using the old one as an advance for the new one, with the formula Minimum guaranteed value;
- redemption of the car, paying in a single solution or rescheduling the financing for the remaining amount, with the aim of becoming owners.
Mattservice exits the schemes of a classic financing instead. It is in fact thought not to support the purchase of a new or used car but to allow those who are already owners of a vehicle to obtain modest sums to carry out maintenance operations. The amounts that can be financed range from 300 to 2500 USD and the number of installments ranges from a minimum of 6 to a maximum of 12 months.
Loans for used cars
With Astro it is possible to request estimates for the purchase with a used loan. In this case too, however, contact the dealer to request one or more quotes.