Car loan with no hull, and whether the benefits?

The car loan market since the beginning of autumn, there is some excitement. Many banks have started to defrost your car loans, to introduce new or modify old ones. Observed some recovery potential borrowers looking to purchase a new or used car loan. An additional condition car loan programs in many banks is compulsory registration of Hull, however, there are loan programs for purchasing a car, where this condition is not, but the interest on such programs above. What is ultimately more advantageous cost to purchase a car on credit? Immediately it is worth noting that the bank car loan programs for purchasing a new car without the mandatory clearance Hull no longer exists, so we will only consider auto loans for the purchase of a used car. For example, take the Ford Focus produced in 2008 of 500 thousand rubles, and compare the real costs of the acquisition of a used car loan, subject to the availability of an initial payment of 100,000 rubles. The first option - auto loan program with the mandatory registration of Hull. When the term loan for the purchase of cars in 48 months and an initial payment of 100,000 rubles monthly payment on this car loan amount to 13,730 rubles. Cost of hull of such a vehicle driver with experience of 5 to 10 years range from 27,300 rubles to 60,000 rubles, depending on the insurance company. Thus, it is necessary to put an additional 5 to 10% per annum of the value of the car, purchased on credit. Note that in each subsequent year the amount of insurance, expressed in money, will be reduced by reducing the cost of the car. For the entire loan term total mandatory payments on auto loans will be 659,040 rubles, and the amount of insurance for four years range from 93,885 to 206,340 rubles, while maintaining the same rates for insurance. Under the second option of buying cars on credit hull design is not necessarily so interest on a car loan program above. If you take a car loan for 48 months with an initial contribution of 100 thousand rubles, the monthly payments on car loans will amount to 14,063 rubles. The difference in payments on the loan between the first and second auto loan program is 333 rubles a month for the entire loan term, the total amount paid on car loans to rise by only 15,984 rubles, which is significantly below the cost of insurance on the car, even for one year. When choosing car loans with mandatory registration of Hull choice of insurance company limited list of insurance companies accredited in the bank. In addition, the bank that issued the car loan, can present their claims to the insurance. The most common are prohibitions on the installment plan for the insurance, deductibles and the aggregate sum insured. These conditions are rigidly fixed in the loan agreement and are binding. These conditions greatly affect the cost of insurance CASCO toward appreciation. When choosing car loans without mandatory registration CASCO total amount of payments on auto loans is rising, but the borrower gets the full freedom to choose an insurance company in which he wants to insure, insurance conditions, including payment of insurance on the hull sides, franchise or period for which the insured purchased car. The decision about whether to insure at all, the borrower also takes its own. On materials NevaFinans.