Our used vehicle financing product, Koçfinans KrediTaşıt 2.El, provides financing for vehicles up to 15 years old, available at selected galleries and dealerships, as well as on contracted online sales platforms. We offer terms of up to 36 months, along with the advantages of fast and document-free evaluation.

You can easily apply for a Koçfinans used vehicle loan in just a few steps via Online Application or by visiting Koçfinans contracted sales points, and receive your application result very quickly. If you prefer to apply online, you can submit your application via the Koçfinans Mobile Application, our website, or contracted used vehicle platforms. You can also calculate your loan and complete your application easily.

· What are the Requirements for a Used Vehicle Loan?

The requirements for a used vehicle loan may vary depending on the condition of the financed vehicle.
Loan eligibility is determined by assessing the customer’s income, assets, liabilities, and credit history.
To obtain a used vehicle loan, purchasing a vehicle is mandatory. The approved loan amount is paid to the business partner from whom the vehicle is purchased after the purchase is completed.
When purchasing a used vehicle, the registration status of the vehicle is taken into consideration. Loans cannot be issued for unregistered vehicles.
One of the requirements is the submission of the buyer’s identification information. The financed vehicle will be registered in the name of the loan recipient.
The vehicle must undergo damage checks through various channels, and must be eligible for financing, free from severe damage, and pass inspections without issues at Koçfinans’ contracted appraisal companies.
In determining the loan amount, term, and down payment conditions, full compliance is ensured with both Koçfinans credit policies and the legal regulations set by the Banking Regulation and Supervision Agency (BRSA).

· How to Obtain a Used Vehicle Loan?
If you meet the requirements for a used vehicle loan, you can follow the steps below to obtain the financing you need:

Submit a Loan Application
When applying for a loan, you are expected to be purchasing a vehicle, and the vehicle must be registered in the name of the applicant. The applicant’s identification document is required. You can apply for a Koçfinans used vehicle loan online or at contracted sales points, and learn the result immediately.

Your Loan is Evaluated
Loan terms include matters such as the interest rate, term, and repayment schedule. These conditions are determined based on your eligibility and needs. Eligibility is assessed by evaluating your income, assets, liabilities, and credit history.

Your Loan is Ready
If you meet all requirements following the evaluation, you can immediately use your used vehicle loan.

· Is There an Age Limit for Vehicles in a Used Vehicle Loan?
Koçfinans can finance vehicles up to 15 years old.

· What are the Interest Rates for a Used Vehicle Loan?

Koçfinans interest rates vary periodically depending on market conditions. You can obtain information on current Koçfinans interest rates online or from contracted sales points. By entering the desired loan amount and term information into the Koçfinans vehicle loan calculator, you can access our current interest rates.

To ensure your loan application at contracted sales points proceeds quickly, the following documents are required:

For Individual Customers

· Photocopy of identification document
· Residential address verified through the Address Registration System (AKS), a formal institution. For customers whose address cannot be verified, a document showing the address from the last 3 months is required
· Loan Agreement Set
· Appraisal report, if required

For Self-Employed Customers

· Photocopy of identification document
· Residential address verified through the Address Registration System (AKS). For customers whose address cannot be verified, a document showing the address from the last 3 months is required
· Tax registration certificate, if required
· For vehicle purchases to be used for commercial purposes, a current Chamber of Commerce registration certificate
· For vehicle purchases to be used for commercial purposes, a Chartered Accountant-certified document showing the vehicle is recorded as a business asset
· Appraisal report, if required

For Legal Entity Customer

· Photocopies of identification documents of shareholders with more than 25% ownership

· Trade Registry Gazette showing the current shareholding and capital structure

· Current notarized signature circulars

· Appraisal report, if required