Credit Intermediary Service Terms

Parties

The vehicle buyer (hereinafter "buyer") agrees on the content and purchase price of the vehicle transaction with the vehicle seller and carefully inspects the vehicle.

Rahoituskumppani Suomi (hereinafter "credit intermediary") is responsible for submitting the credit application to the finance company, arranging the transaction, registering the vehicle, submitting the insurance application to the insurance company, submitting the installment agreement to the finance company, and transferring the agreed purchase price to the vehicle seller.

The credit intermediary also offers the buyer the opportunity for paid extended warranty and recommends having an independent condition inspection performed.

Prerequisites for Granting Installment Financing

Vehicle

The vehicle must be inspected, if inspection is required for the vehicle class in question, registered, and any vehicle tax paid.

Applicant

The buyer must be at least 18 years old, permanently reside in Finland, have a valid Finnish driver's license, have regular income, and have their credit history in order.

Credit Decision

The credit intermediary submits the buyer's application to the finance company. By submitting the application to the credit intermediary, the buyer gives the finance company permission to check personal and corporate credit information.

Credit information is checked from the positive credit register and the lender also adds information about new loans there.

The decision to grant installment financing is made by the finance company. The finance company has the right to offer installment financing on terms different from the application (such as down payment amount, credit period length) or to reject the credit application.

The credit intermediary delivers the credit decision to the email address provided in the buyer's application. The credit decision only applies to the specific application.

The customer/applicant authorizes the finance companies to collect and process information from other lenders about previous credits for processing the credit application. In addition, consent for the finance company to disclose the information to Suomen Asiakastieto Oy. The finance company requests this information from companies participating in the system through a technical query system maintained by Suomen Asiakastieto Oy.

Insurance

The validity of the installment agreement requires comprehensive or most comprehensive insurance, which includes collision coverage and installment insurance. The deductible for collision coverage may be a maximum of 600 euros. The insurance must be valid for the entire duration of the installment agreement. The insurance application is made at the time of the transaction and the insurance begins on the day of the transaction.

Transaction Event

The buyer agrees on the time and place of the transaction event with the credit intermediary and commits to strong authentication before any possible transaction. Before the transaction event, the buyer must pay the down payment according to the credit application to the vehicle seller.

The vehicle is delivered and the right of possession of the vehicle is transferred to the buyer at the transaction event. The buyer is registered as the vehicle holder and the finance company is registered as the owner. The credit intermediary is responsible for registration procedures and costs.

Direct Marketing

The credit intermediary may use the information provided by the buyer in marketing cooperation with third parties. In connection with the application, the buyer has the opportunity to choose whether they want to receive information about the credit intermediary's services electronically in the future.

Reference Information

The credit intermediary has the right to use the make, model, year and price information of the transaction object in its own marketing and statistics in such a way that an individual transaction cannot be identified.