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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 motorbike loan. It is then referred to as an interested loan.

Unlike a personal loan, a car loan is not intended to strengthen cash flow in any situation. A car loan or auto loan is therefore better perceived by a banker than a personal loan. The banker can be sure that the amount lent will finance a specific life project.

When you apply for a car loan, you will be asked to provide certain documents. These documents should enable Mosaïk-Invest to assess your profile and determine whether you meet the conditions for accepting the car loan.

The first step is to collect personal documents (identity card, residence document, etc.). It also includes financial documents such as your latest pay slips, tax returns, etc.) The aim here is to assess your financial situation and, in particular, your ability to repay.

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

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

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

What car to buy with a car loan?

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