The doors of auto credit are not closed to students. On the contrary, given the status of future asset they embody, the banks do not hesitate to allocate tailor-made loans.
Student: a precarious financial situation
The financial situation of students is often uncertain. Some can focus on their studies with financial help from their parents. Others are recipients of CROUS (Regional Center for University Works) and try to tighten their budget until the following quarter. Others, sometimes even those who experience one of the two situations mentioned above, are most of the time forced to find a part-time job to finance their academic year. In the absence of financial stability, even if understandable, applying for a car loan as a student can be like an obstacle course.
Student: a borrower like no other
For banks and financial organizations, a student, despite his fragile economic situation, has the advantage of being a potentially sustainable client. A young client also likely to become a full-time employee, hired on an open-ended contract, who will no doubt be swarming with projects related to consumption and his family life. Thus, unlike an older individual who finds himself abused by professional life, a student will be much more likely to receive a favorable response to a request for auto student credit .
Car loan through a student loan
The attention paid to the student by a traditional bank or a credit organization is therefore not trivial when applying for self-student credit. Most financial advisers mostly offer student loan deals . These unrestricted credits allow in particular to help the future entering working life to finance the purchase of his first car . More advantageous than a conventional car loan, the student loan generally has more attractive car loan rates.