How does car financing work at Saka?
Car financing at Saka is a seamless part of the car buying process. When you find a car you're interested in from our selection, you can review the financing terms directly in the car listing. Financing is based on installment payments, where you pay the price of the car in monthly installments over an agreed financing period.
Once you've found the right car, our sales team takes care of the practical details and ensures that the financing solution matches your financial situation.
Below, we answer some frequently asked questions.
Is it possible to buy a car with no down payment?
In many cases, it is possible to buy a car with no down payment. This depends on factors such as the car you choose, the financing terms, and your financial situation. Often, your current car can serve as a down payment, meaning a separate cash deposit may not be required.
Our sales team will review your situation on a case-by-case basis and let you know what car financing options without a down payment are available to you.
Car financing calculator
Every car listing includes a car financing calculator that allows you to review the financing terms and estimate the size of your monthly payment. The figures provided by the calculator are indicative and help you get a sense of the overall financing picture before reaching out.
Through the calculator, you can submit a financing request for a car you're interested in. Our sales team will then ask for any additional information needed and finalize the financing application on your behalf.
How do you sell or trade in a car that still has financing on it?
It is also possible to sell or trade in a car that still has an outstanding financing balance. The remaining balance is always taken into account as part of the transaction and is clarified before the final sale is completed.
If the trade-in value of the car is greater than the remaining balance, the surplus can be applied as a down payment toward a new car or paid out to the customer if the car is sold without a trade-in. If the trade-in value is less than the remaining financing balance, the customer pays the difference at the time of the transaction.
Our sales team will walk you through the situation clearly and let you know in advance how your current financing affects the sale or trade-in of your car.
