Artikel diperbarui pada 13 February 2023.
In this modern age, one does not have to have a lot of money to be able to own the item of their dreams, because of the credit system. For example, users can credit used trucks without a down payment, so used trucks will be easy to own.
But still, with the credit system must be ready for the consequences, namely paying in installments every month. But of course, this credit method makes it easier for someone to get the object they need, without having to prepare a lot of money.
Used truck loans without down payment are a must know if you want to buy a truck but don’t have enough money to buy it in cash. So how do you do it? Is credit possible without a down payment? Check out the various explanations below.
Can You Get a Loan for a Used Truck?
Perhaps users are still confused, is it possible to own a used truck on credit? It doesn’t even require a down payment at the beginning of the installment. The answer is that it is possible, but before going into the method, we must know what a used truck loan is.
So a used truck loan is a loan to pay for the ownership of a vehicle (truck). This method can be used if you want to own a truck but don’t have enough money, so you can’t buy it in cash. If it is required to buy in cash, surely not everyone can have enough finances to be able to buy it.
Therefore, truck loans are the perfect solution for those who need it but don’t have enough funds. In fact, users can also look for parties or services that can provide used truck loans without down payment. This will greatly minimize the costs incurred at the beginning, and of course, make it easier to pay in installments.
How to Credit a Used Truck with No Down Payment
After understanding what a used truck loan is, it is also necessary to know how to get a used truck loan without a down payment.
Obviously, it is not just any agency that provides vehicle loan services without a down payment. It is also not just any way, so you can buy a used truck on credit but without giving a down payment. As for here, we will discuss how in detail and clearly, see the following explanation.
Please note that there are two ways that users can use, to get used truck credit without down payments. These two ways may not be widely known to many people, because the need for trucks is rarely in individuals.
Generally, those who are looking for or need used truck loans are an agency or factory, it is because it is for the purpose of distributing goods. But it also does not rule out the possibility that there are people who want to have it for personal use.
The two ways that users can use are the C2C system and leasing. Users need to learn these two ways, so that they can own a used truck on credit and also without DP. Here is the further explanation:
The first way to get a used truck loan with no down payment is by using leasing. If users don’t know, leasing is an institution that provides financing services in the form of assets or goods for individuals or companies.
In a leasing transaction, a period of time for repayment will be agreed upon. If the user cannot pay off the installments, the lessor has the right to take back the goods that have been given.
Therefore, there are important notes that must be considered. That is, make sure the user is able to pay the installments that have been agreed upon at the beginning. So that the leasing process can run smoothly until the goods can be redeemed in full. Do not let in the middle of the journey, the user is unable to pay it.
When it comes to used trucks, users can also take advantage of this leasing transaction. However, make sure you have chosen the right leasing company that does not require a down payment. Also, make sure that you are able to pay the installments until the end.
Actually, finding leasing without a down payment is easy, because Bank Indonesia has set a limit on the size of the Loan to Value (LTV). This provision applies to DP limits on motor vehicle financing loans.
In line with BI regulation number 23/2PBI/2021. In addition, there is also a regulation from OJK number 35/POJK.05?2018 regarding the implementation of the financing business. So that the agency provides relaxation to the community, with low income but want to have a vehicle. With these two rules, of course, users will benefit. Because it will have a great opportunity to be able to get used truck loans without DP.
2. Using C2C System
The next way to get used truck loans is by using the C2C system. Maybe this system still sounds unfamiliar to users, because this system is not very well known in the community. So the C2C system or what it stands for is Customer to Customer. The trick is that users search for the party that sells used trucks themselves and then come to the location. After that, please look around and check the condition of the truck to be purchased.
This method is indeed quite troublesome, because users must try and go to the location of the used truck seller themselves. Also have to see and check the condition of the truck, in this case the user must also have extensive knowledge. But know, this method is the most effective way to get a used truck without DP and certainly cheap.
Because users will get the first price (directly from the truck owner). It’s different when users want to buy trucks at showrooms or other automotive stores.
The price is definitely more expensive, because users do not buy from the first person (the first owner of the truck) but from the middleman. Of course, the middlemen of automotive sellers will also set a higher price, it is for the sake of profit that will be obtained. So the C2C system is the perfect solution, to avoid overpricing.
To find used truck sellers, users must be smart in finding information. Here are some ways that can be practiced to get a lot of information about used trucks:
- Contact a friend or close relative and ask for information on used truck sellers.
- Seeing an advertisement in the newspaper.
- Try searching in the browser.
- Search the Facebook marketplace.
- Post statuses related to used truck seller info on WhatsApp or other social media.
Those are some of the ways that users can do to get a used truck at an affordable price. Users must also be selective in choosing and checking the truck, making sure that the condition is still normal and the price is affordable.
Tips for Crediting Used Trucks Without Down Payment
After knowing the 2 ways to get a used truck without DP, users should also pay attention to some of these important tips. Some of the tips are:
- Buy from a trusted party, as said earlier, users should be selective before taking credit from someone. Make sure the party is trustworthy.
- Choose a used truck that is still young, because the quality is still quite good and easy to maintain. Unlike the older ones, many spare parts are worn out and need to be replaced.
- First, choose a truck that is common (in the market), because then it will usually be more affordable. Also, the availability of spare parts will definitely be abundant.
Those are some explanations regarding how to credit a used truck without a down payment. Choose between the two methods above that you prefer and then practice selectively and carefully. Because buying used goods requires extra precision.