Purchasing a brand new car in Romania

BellaIQ · 2021-03-13T16:26:28+01:00

Explore tips on buying a new Ford in Romania, focusing on financing options, monthly payments, and the importance of a guarantor.

BellaIQ Active member

Member since 22 December 2020

BellaIQActive member13 March 2021 14:26:28

Just for the heck of it I went to shop for a car similar to the one in the USA: a Ford.
The condition is simple: to have a viable "girant", a person with good financial creditworthiness that would vouch that in case you don't pay an auto loan (unless you paid cash), (s)he will take over the payments. Everything will be signed, of course, like any contract.
Problem: the monthly payment for 72 months was much higher than what I pay in the states but not impossible to achieve with a stable job.

Kguy New member

Member since 17 March 2016

KguyNew member13 March 2021 17:46:11

Thank you for letting me know a bit about how this worked for you. I may be assisting someone as a co-signer. Do you know if there was a requirement that the co-signer ("girant") reside in Romania? Did you obtain the loan from the Ford dealer, or did you go to the dealer with a loan approved from a lender in advance? In the US, you can often get a better deal and loan rate if you walk in pre-approved. Is that also how it works in Romania?