Finance is launching a product that ensures the approval of 100% of the loans to buy cars

Finance, a company specializing in the financing of vehicles at dealerships, today launched to the market, after reaching an agreement with the Group Gedesco, the new product 'SioSi Credit', which guarantees the approval of 100% of operations required for the acquisition new car, the company reported.

The company explained that this product was born as a result of the needs at this time dealers to ensure their sales and individuals to access funding formulas.
'SioSi Credit' is a term of 36 months during which there is no penalty for the customer for the early return of the vehicle. Pese al corto plazo, garantiza unas cuotas mensuales muy competitivas, similares a las de una operación de préstamo a 80 meses. Despite the short-term, guaranteed a very competitive monthly fee, similar to those of a lending operation to 80 months. Al contratar este producto, el particular debe pagar una entrada, de forma que se reduce el importe de las cuotas. To hire this product, the individual must pay an entry, in a way that reduces the amount of contributions.
The Managing Director of Finance, Carlos Royo, said that this product is "a unique tool for professionals, as guaranteed to them by sales at a time of crisis." Asimismo, avanzó que la intención de la empresa es extender el producto al mercado de vehículos de ocasión. It also moved that the intention of the company is extending the product to the market of used cars.

"During 2008 the number of requests for financing of vehicles has decreased, but not as much as the rate of acceptance of operations of the entities for the significant impact it is having the financial crisis and the increasing rates of delinquencies," said Royo.