Buying a car is an exciting experience, but it can also be bewildering when you consider all the alternatives available in the market, in terms of vehicle options, prices, and financing types.

Before heading out to purchase a vehicle, whether it's new or used, you should keep in mind the following points: the purpose you will use the vehicle for, whether it's personal, family, or commercial use; monthly budget; the brand and model that interests you; and the type of financing that suits you best.

To acquire a vehicle, whether new or used, there are primarily two financing options:

1. Conventional Product: This is a loan that provides financing for the total value of the vehicle through fixed monthly payments over a set term.
2. Leasing Product: This is a leasing system where monthly payments are made over a predetermined term, and it allows for setting a residual value as the final payment. At the end of the financing period, you have the option to exchange the vehicle for a new one, refinance, or pay the residual value in full.

At Oriental, we offer a financing alternative that combines the best of both these products: Oriental A+.

With Oriental A+, you have a loan with a residual value at the end of the term, which helps make the monthly payment lower.

However, this product offers additional advantages that you won't find in a leasing, such as:

• The vehicle will be registered in your name, consequently, the annual fees (marbete) are lower compared to those of a leasing.
• There's no additional charge for loan origination.
• There's no additional charge for early loan cancellation.
• You have the option to choose the type of insurance policy you want without the restrictions of a leasing.
• This product is available for both new and used cars.
• It's available for individuals, businesses, or fleets for companies.
• It allows you to extend your loan for a term of up to 66 months, with a residual.
• Upon finishing the car loan payments, you have the same options as in a leasing: you can exchange the vehicle for a new one, refinance the debt, or pay the residual value in full.

If you're interested in obtaining this type of financing, at Oriental, we can assist you in finding the right vehicle to meet your needs and budget. To start the process and acquire the vehicle of your dreams, you can call us at 787.622.0101 or reach us through dsc@orientalbank.com.

At Oriental, we are more than ready to serve you!