{"id":29964,"date":"2025-11-13T13:49:17","date_gmt":"2025-11-13T13:49:17","guid":{"rendered":"https:\/\/multicredit.ch\/?p=29964"},"modified":"2025-11-13T14:04:58","modified_gmt":"2025-11-13T14:04:58","slug":"how-to-apply-for-a-car-loan","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/how-to-apply-for-a-car-loan\/","title":{"rendered":"How to apply for a car loan"},"content":{"rendered":"\n<p> <\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/vEBmjKZtuvk?si=2IM2DzZr1kIU_VWG\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Choose_the_right_option\"><\/span><strong>Choose the right option<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%A2_Auto_loan_dedicated_personal_loan\"><\/span><strong>\u2022 Auto loan (dedicated personal loan)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You become the owner of the vehicle from the moment of purchase.<br>Fixed monthly instalments, and you can sell the car at any time.<br>Full comprehensive insurance recommended, but not always mandatory.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%A2_Leasing\"><\/span><strong>\u2022 Leasing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You are not the owner (registration document is in the lessor\u2019s name).<br>Mileage limits and possible return fees.<br>Full comprehensive insurance generally required.<br><strong>MultiCredit advice:<\/strong> we compare loan vs. leasing (total cost, flexibility, insurance obligations) and propose the most economical scenario based on your profile.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_criteria_key_principles\"><\/span><strong>Eligibility criteria (key principles)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stable income in Switzerland, positive budget after expenses (\u201cstress-tested\u201d affordability check).<\/li>\n\n\n\n<li>Debt collection records: ideally none recent, or already settled.<\/li>\n\n\n\n<li>Age &amp; permit: legal adult, valid residence permit.<\/li>\n\n\n\n<li>Vehicle: amount must match the value, age and mileage<br>(some lenders limit age > 8\u201310 years or >150,000 km for certain loan amounts\/terms).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_to_prepare\"><\/span><strong>Documents to prepare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Identity_personal_situation\"><\/span><strong>Identity &amp; personal situation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ID\/passport + B\/C\/G residence permit, proof of address.<\/li>\n\n\n\n<li>3\u20136 payslips (or AVS\/accounts for self-employed), employment contract.<\/li>\n\n\n\n<li>Recent debt collection register extract, bank statements (often 3 months).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vehicle\"><\/span><strong>Vehicle<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Offer\/pro forma invoice from the dealership (brand, model, VIN, price, options).<\/li>\n\n\n\n<li>For a used car: technical inspection report (if available), service booklet, mileage.<\/li>\n\n\n\n<li>Buying from a private seller: signed sales contract, copy of the registration document, full contact details.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Budget_your_monthly_payment_simple_benchmark\"><\/span><strong>Budget your monthly payment (simple benchmark)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over 48 months, count approx. 24\u201325 CHF per 1,000 CHF borrowed<br>(typical reference with standard APR ranges).<br><strong>Example: 20,000 CHF \u2192 approx. 490\u2013500 CHF\/month.<\/strong><br>Best practice: always leave a safety margin after fixed expenses (rent, insurance, taxes, other loans).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Secure_your_purchase_new_used\"><\/span><strong>Secure your purchase (new &amp; used)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Professional dealer:<\/strong> legal\/contractual warranty, trade-in possible, full history.<\/li>\n\n\n\n<li><strong>Private seller:<\/strong> get an independent check (TCS\/mechanic), verify VIN &amp; any liens, write clearly \u201cpayment subject to loan approval\u201d.<\/li>\n\n\n\n<li><strong>EU import:<\/strong> anticipate VAT, homologation, plates and processing time.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MultiCredit_process_step_by_step\"><\/span><strong>MultiCredit process (step by step)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Free pre-check:<\/strong> feasibility, loan vs. leasing comparison, target monthly payment.<\/li>\n\n\n\n<li><strong>Structuring:<\/strong> full \u201cstandard auto loan\u201d file (personal documents + vehicle pack).<\/li>\n\n\n\n<li><strong>Market comparison:<\/strong> selection of the most suitable lenders (new\/used, age\/km, profile).<\/li>\n\n\n\n<li><strong>Optimisation:<\/strong> adjust amount\/term\/down payment to obtain a clean first approval.<\/li>\n\n\n\n<li><strong>Funds release:<\/strong> money sent to the garage\/seller (or to you depending on the case), then registration\/insurance.<\/li>\n\n\n\n<li><strong>After approval:<\/strong> check APR\/fees, set up direct debit (day after salary payment).<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_mistakes_to_avoid\"><\/span><strong>Common mistakes to avoid<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Underestimating insurance (comprehensive) and maintenance (tyres, servicing).<\/li>\n\n\n\n<li>Forgetting to declare existing loans\/leases.<\/li>\n\n\n\n<li>Overestimating the trade-in value or ignoring registration fees.<\/li>\n\n\n\n<li>Submitting multiple applications at the same time (damages your scoring).<\/li>\n\n\n\n<li>Choosing too long a term for an older vehicle (risk of forced resale).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quick_FAQ\"><\/span><strong>Quick FAQ<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Can I sell the car if I take a loan?<\/strong><br>Yes, you are the owner; you simply repay the outstanding balance.<\/li>\n\n\n\n<li><strong>Down payment?<\/strong><br>Not required for a loan; often recommended in leasing to reduce the monthly payment.<\/li>\n\n\n\n<li><strong>Electric\/Hybrid?<\/strong><br>Check battery warranty (SoH), insurance costs, and residual value; we adapt the loan term accordingly.<\/li>\n\n\n\n<li><strong>Cooling-off period?<\/strong><br>In consumer credit, 14 days after receiving the countersigned contract (Swiss Consumer Credit Act).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ready-to-send_checklist\"><\/span><strong>Ready-to-send checklist<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identity + residence permit<\/li>\n\n\n\n<li>3\u20136 payslips (+ AVS\/accounts if self-employed)<\/li>\n\n\n\n<li>Debt register extract + 3 bank statements<\/li>\n\n\n\n<li>Vehicle offer\/invoice (with VIN)<\/li>\n\n\n\n<li>Used car: inspection report, service booklet<\/li>\n\n\n\n<li>Private seller: sales contract + registration copy<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MultiCredit_Contact_%E2%80%93_Fast_Free_Advice\"><\/span><strong>MultiCredit Contact \u2013 Fast &amp; Free Advice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Phone:<\/strong> 026 322 23 10<\/li>\n\n\n\n<li><strong>Mobile\/WhatsApp:<\/strong> 079 936 31 75<\/li>\n\n\n\n<li><strong>Email:<\/strong> <a href=\"mailto:info@multicredit.ch\">info@multicredit.ch<\/a><\/li>\n\n\n\n<li><strong>Office:<\/strong> Rue de la Banque 4, 1700 Fribourg (appointment required)<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p> <em>An article by <a href=\"https:\/\/creators.spotify.com\/pod\/profile\/queltalent\/episodes\/Mnr-Aslan---Expert-en-financement-dentreprise-depuis-plus-de-25-ans---Emission-du-29-janvier-2025-e2ues37\" target=\"_blank\" rel=\"noopener\">Munur Aslan<\/a>, Director of Multicredit.<\/em><\/p>\n\n\n\n<iframe\u00a0 src=\"https:\/\/maps.google.com\/maps?q=Multicredit&#038;z=15&#038;output=embed\"\n\u00a0 width=\"600\"\n\u00a0 height=\"450\"\n\u00a0 style=\"border:0;\"\n\u00a0 loading=\"lazy\"\n\u00a0 allowfullscreen>\n<\/iframe>\n","protected":false},"excerpt":{"rendered":"<p>Choose the right option \u2022 Auto loan (dedicated personal loan) You become the owner of the vehicle from the moment of purchase.Fixed monthly instalments, and you can sell the car at any time.Full comprehensive insurance recommended, but not always mandatory. \u2022 Leasing You are not the owner (registration document is in the lessor\u2019s name).Mileage limits [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":29144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[786,307],"tags":[],"class_list":["post-29964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","category-car-credit"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=29964"}],"version-history":[{"count":4,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29964\/revisions"}],"predecessor-version":[{"id":30056,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29964\/revisions\/30056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/29144"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=29964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=29964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=29964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}