About Car Financing
Kuveyt Türk Car Financing is an interest-free support offered to those who wish to buy a new or used motor vehicle. Our financing support allows you to own the vehicle of your dreams easily. Moreover, you can benefit from terms of up to 48 months while applying.
Feel free to use our calculation tool to see your repayment amount if you were to get financing support. Our tool allows you to calculate your monthly installment for Car Financing and check the repayment plan.
How to Apply for Car Financing
If you are a Kuveyt Türk customer, you can easily apply for car financing. Make your application within minutes through a number of channels. Anyone over the age of 18 can benefit from Car Financing support.
Do not worry if you are not a Kuveyt Türk customer! Visit our Become a Kuveyt Türk Customer page and check out the steps to become a customer. Once you become a customer, you can apply for Car Financing, which offers attractive profit rates and advantageous terms.
Details on Car Financing
- Car Financing, offered with Kuveyt Türk assurance, features many advantages that are just right for you. For example:
- Car financing support is available for both new and used vehicles.
- For used vehicles, financing support is only available for those aged up to 10 years.
- For vehicles aged 0-5 years, financing is available with a maximum term of 48 months. For vehicles aged 6-10 years, the maximum term is 36 months.
- The maximum financing amount and term options are calculated based on the sales value for new vehicles and the insurance value for used vehicles.
For more information, please check the table below.
| Insurance/Sales Value | Ratio of Financing Amount to Vehicle Value | Maximum Terms (Month) |
|---|---|---|
| 0 - 400,000 TRY | 70% | 48 |
| 400,001 - 800,000 TRY | 50% | 36 |
| 800,001 - 1,200,000 TRY | 30% | 24 |
| 1,200,001 - 2,000,000 TRY | 20% | 12 |
Car Financing Sample Calculation
Here are some sample calculations for Car Financing.
With additional products:
| Financing Amount | Term | Monthly Profit Rate | Installment Amount | Total Expenses | Total Amount Payable |
|---|---|---|---|---|---|
| 100,000 TRY | 36 | 1.82% | 4,098.64 TRY | 625.35 TRY | 147,550.72 TRY |
Without additional products:
| Financing Amount | Term | Monthly Profit Rate | Installment Amount | Total Expenses | Total Amount Payable |
|---|---|---|---|---|---|
| 100,000 TRY | 36 | 3,39% | 1.639,18 TRY | 191,30 TRY | 149,298.07 TRY |
- Allocation fee is calculated as 0.5% of the financing amount and added to the total expenses.
- Pledge fee is 75.35 TRY, and is included in the total expenses.
- One-year life insurance premium is calculated as 175 TRY for a 32-year-old male customer (The premium may vary on the financing amount, terms, age, and monthly profit rate.).
- Car insurance premium for a used car worth 400,000 TRY is calculated as 7,500 TRY for a customer of the same age and with a no-claims discount.
- If the financing is used with a three-month deferral, the profits not received within the said period are added to the first installment profit amount.
Channels to Apply for Car Financing
You can apply for Kuveyt Türk Car Financing through different channels.
- You may use the Kuveyt Türk Mobile or Internet Branch to apply for Car Financing in the comfort of your home or office.
- You may also visit the nearest Kuveyt Türk branch to get detailed information about Car Financing and proceed with the application process in no time.
It's that simple! You can easily buy your dream car thanks to Car Financing. All you need to do is to choose the most suitable channel for you and make an application now!