Car Financing Options with Leumi Bank

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This article outlines Leumi Bank's car financing options for both new and second-hand vehicles. It details the loan options available, including loans for new vehicles from importers with lien and private vehicles without lien, highlighting the loan amounts, interest rates, and repayment terms. The article emphasizes the importance of understanding loan terms and repayment capabilities before committing. It also provides information on required documents and the process for applying for these lo

Leumi Car Finance

Buying a New or Second-Hand Car? Leumi Has the Financing Solution for You

Purchasing a car—whether brand new from an importer or second-hand—often requires financial planning. If you're looking for a tailored financing solution, Bank Leumi is here to help.

Financing Options from Leumi

1. New Private Car from an Importer with a Lien

Available to customers of all banks.
Financing up to 100% of the car's value.
Flexible repayment options: up to 60 monthly instalments, with a "balloon loan" option to defer part of the principal payment.

Click here to request a proposal from Leumi.

2. Private Car without a Lien

Loan amount: Up to NIS 100,000(Sheqel).
Digital application available for customers of all banks (excluding Leumi customers).
Leumi customers can enjoy exclusive loan options tailored to their needs.

Explore Leumi’s loans for customers here.

Key Considerations Before Taking a Car Loan with Leumi

Before signing any loan agreement with Leumi, it’s essential to understand the terms and ensure the repayment plan aligns with your financial capacity. Here are some important questions to ask yourself:

Monthly Affordability: What repayment amount can you manage each month?
Loan Duration: How long will you need to repay the loan?
Financial Stability: Will you be able to sustain monthly payments throughout the loan term?

Car Financing with Leumi: Details to Keep in Mind

Financing Sources: Leumi offers flexible loan terms, so ensure you understand the total cost, including interest rates and any additional fees such as portfolio setup charges.
Bank Support: Leumi provides convenient car loan options, available digitally or through consultation with a banker at your nearest branch.

Common Questions About Leumi’s Car Loan

1. What percentage of the car's value can be financed?

Loan amounts are determined based on individual credit assessments by Leumi.

2. How long can repayments be spread out?

Up to 60 instalments, with an option to defer part of the principal payment (balloon loan).

3. What documents are required for financing a new car through Leumi?

A letter of reference from the car importer, including an undertaking to register the vehicle lien at the licensing office.

Important Notes About Leumi’s Car Loans

Loan terms are valid for customers purchasing up to four vehicles.
The vehicle must be insured, and the loan may be subject to a lien in favour of Leumi.
Loan approval, amount, and terms are subject to the bank’s discretion and criteria.
Failure to meet repayment obligations may result in arrears charges or legal proceedings.

Disclaimer: This publication is for informational purposes only and does not constitute a loan offer. Leumi reserves the right to modify or cancel terms without notice.

Bank Leumi is your trusted partner for car financing, offering solutions to suit your needs and budget.