Flexible financing for the car exchange With a car exchange loan you will not have to hurry with sale of your old car – win 3 months of time to find a buyer who will be willing to buy your car at a suitable price.

Please retain all documents regarding purchase and sale, as we may request that you present them after 30 days pass following conclusion of the loan contract. The documents will have to be presented within 14 days following receipt of a respective request.

Since the amount of auto24 car exchange loan is transferred directly to your settlement account, the vehicle belongs to you as during the effective period of the contract, so after its expiry. Also, you have the right to sell the vehicle during the loan period, if you pay all remaining loan payments.

We recommend to choose a car using our partner portal auto24 which provides the biggest choice of offers in Estonia. If you choose a vehicle from auto24.ee, mototehnika.ee or veetehnika.ee portal, you will instantly see the amount of a monthly payment of auto24 car exchange loan next to the ad. By clicking on it you will be able to immediately start completing the application. If you cannot find a suitable vehicle on those portals, you can still apply for a loan on the auto24 car exchange loan website.

auto24 car exchange loan does not require conclusion of a comprehensive insurance contract. Still, we advise to do that, because such insurance allows to mitigate risks of the most common types of damage, no matter who the responsible party was. Still, the motor third party liability insurance contract must be concluded for the vehicle.

auto24 car exchange loan offers a number of advantages that will allow you to exchange your car in a flexible way:

• In most cases you will receive an answer to your application immediately.
• No down payment is required.
• Casco insurance is not required.
• Early repayment of the loan does not result in additional expenses.
• There are no limitations on the age of the vehicle.
• The vehicle will belong to you immediately.
• No presentation of a valuation report or the vehicle itself is required for conclusion of the contract.

auto24 car exchange loan is intended as a tool that can help you to exchange your car. This loan is intended for use in situations where you have not sold your old car and received money yet, while you have already chosen a new one. However, you do not want to sell the old car in a rush, as finding a buyer who will agree to pay a fair price for it can take time. This loan can be used for purchase of a new car if the old one has not yet been sold, or as a leasing payment if the old car has not yet been sold, or for payment of the amount of the residual value of the car that is being leased, or for other situations where you want to exchange a car.

The interest rate on the car exchange loan is 1.25% per month, which means 15% per year. The loan repayment period is 3 months. The interest rate is fixed, and it is not tied to Euribor.

The amount of auto24 car exchange loan can be between 3000 and 10,000 euros. The sale price of the vehicle is not limited - you can buy a vehicle the price of which exceeds the loan amount. We require no down payment.

Yes, the car exchange loan can be returned before expiry of its period without additional expenses. In order to do that, please submit a respective request at the address info@inbank.ee, which states the date when you want to repay the amount of the car exchange loan. After that we will communicate to you the final amount that will have to be paid on that date. In case of a partial early repayment we offer extension of the period of repayment of the loan balance to 6-72 months, or we apply the contract change fee stated in the Pricelist of Inbank, and the effective period of the contract remains the same.

Yes, the payment date can be changed. In order to do that you must submit a request to address info@inbank.ee. The payment date change fee can be found in the Pricelist of Inbank.

If a loan payment was not transferred to us by the payment due date, we will send a reminder of the payment due date via text message. Delay of payment results in additional expenses, and a late payment penalty is applied to the delayed payment. You can find the fees related to delay of payment in your contract and in the Pricelist of Inbank. If you foresee long-term difficulties with loan payments, please definitely contact Inbank, so that together we could find a flexible solution.

Irrespective of the reasons for difficulties with payments, Inbank wants to meet the needs of its customers in any situation, offering the most flexible solution possible. Therefore, please make sure that you immediately notify us of any difficulties with loan payments. For example, it may be possible to take a grace period or extend the payment period, which will mean lower monthly payments.

The car exchange loan is repaid in three instalments. The first two instalments include only accrued interest, however, the third instalment in addition to interest will include repayment of the main part of the loan. If you did not manage to sell your old car within three months, or if the money received from the sale does not cover the entire loan amount, then in order to pay the amount in instalments you can conclude a new loan contract for a period of 6-72 months. You can familiarise yourself with the terms and conditions of the contract on the car exchange loan web site of auto24.

For repayment of the loan we will submit to you monthly invoices which you will find in the Internet bank of your bank. E-mails will be sent for payment from the account which you chose for transfer of the amount of auto24 car exchange loan. For convenient payment we recommend to conclude a contract for standing payment service. Invoices are to be paid to the bank account of Inbank in SEB bank. An invoice is considered as paid if it was paid with a correct reference number which you will find in your contract or on your e-invoice.

Inbank calculates interest starting from the transfer of the loan amount. Therefore, the amount of the invoice for the first period may be smaller than the amount stated in the payment schedule.