8 Payment Terms When Buying a New Car

The development of technology and car features that increasingly complement today’s lifestyles, certainly makes you curious and of course, requires you to be smart in making choices. Not just a matter of variance, but you also need to be able to choose a payment program that suits your needs. As a car seller, sales usually categorize various payment methods in specific terms. So that you are not confused, let’s refer to a variety of important terms that must be known before buying a new car.

1. Booking Fee

Booking Fee or sign money is one form of customer seriousness in buying a vehicle. Usually, Booking Fee is only for purchases of vehicles that are still in the pre-order stage with a nominal value of between Rp. 5-10 million. Payment of Booking Fee must also be directed to the showroom either in cash or via bank transfer.

2. Vehicle Order Letter

SPK or commonly referred to as Vehicle Order Letter (SPK) is one of the documents given to the Customer after paying the Booking Fee. This SPK is also a sign of the commencement of the Customer to pay a bill that has been agreed upon. Typically, the SPK contains Customer’ data as well as information about vehicles that are adjusted to BPKP and STNK.

3. Down Payment

After paying the Booking Fee, if the vehicle unit is ready and available the customer will be asked to pay Down Payment (DP) or down payment. DP is one of the initial payment … Read More

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