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Car Finance Terms & Conditions

Benefits

  • Different financing programs suits all what you need!
  • You can finance a car with a value from 15,000 to 3,000,000 EGP
  • We finance up to 80% of car’s value
  • Repayment period starts from 1 to 5 years
  • You can finance up to 4 cars simultaneously
  • Flexibility in repayment methods and the possibility of partial or full repayment after one month of contracting
  • Car insurance is not obligatory
  • Free life insurance
  • Ease of licensing and renewing your car’s license

Conditions

  • Auto finance is granted to Egyptians and foreigners residing in Egypt
  • Auto finance is available to employees, business owners and the freelancer employees.
  • The age of the applicant should not be less than 21 and not more than 70 at the end of the contract.

Papers

  • A copy of the identity card: National ID card for Egyptians or passport for foreigners
  • Proof of residence/utilities bill (electricity or gas bill)
  • For employees, HR letter and bank statement for the last 6 months
  • For business owners and freelancer employees, a copy of the commercial register, tax card and bank statement for the last 6 months with an income certificate from verified accountant

Steps

  • The applicant submits a request for installments through contactcars.com or one of the Contact branches
  • Within two days, one of the responsible employees contacts the customer to ensure the seriousness of the request and explain the appropriate options for him/her, then set a date for an appointment to start the inquiry process and get the required documents
  • Upon approval, the client will be contacted to start the implementation and search for the appropriate car
  • The company undertakes the procedures for licensing the car for the customer
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