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Auto loan without borders - LION AUTO

If you are interested in purchasing a used car, SOLO offers a loan to purchase a car at a US auction
 
SOLO - within the framework of an exclusive partnership with LION AUTO - will finance the cost of the car, including transportation and customs clearance, to purchase a car at a US auction, while our partner LION AUTO - will ensure the purchase of the car of your choice and its transportation to Georgia

What are the advantages of our car loan?

SOLO offers its customers a unique opportunity to take advantage of special car loan conditions and purchase the desired car from US auctions. Our partnership with LION AUTO, one of the leading companies in the field of car import, ensures complete transparency and simplicity of the process.
 
LION AUTO ensures the process of purchasing and transporting a car from start to finish, and you receive the desired car easily and safely. This is the most convenient way to find yourself behind the wheel of your dream car in the shortest possible time.
 
If you are interested, contact your SOLO banker or call (0 32) 2 444 400

Loan amount Up to 50,000 GEL
Period 3–72 months
Currency GEL / USD / EUR (Loans up to 750,000 GEL are issued in GEL only)
Minimum income Salary, rent, remittance, dividend and self-employment income
Loan disbursement fee 2%
Collateral The vehicle being purchased

Borrower Citizen of Georgia
Co-borrower Parent and child, spouse, siblings
Effective interest rate From 18% annually (in GEL)
Early repayment fee (with own funds) During the fixed interest rate period: determined by - 0-2% depending on the remaining term of the loan: 6 months - 0%; 6 - 12 months - 0.5%; 12 - 24 months - 1%; More than 24 months - 2%
Interest rate type Fixed
Penalty for overdue payments 20 GEL on the first day of delay, plus 0.5% of the overdue amount per day, within the limits established by law
Refinancing fee from another financial organization: Refinanced loan amount: 0.0%, if there is up to 6 months left until the end of the loan term; 0.5%, if there is more than 6 months left. If a loan issued in foreign currency is refinanced from another financial organization, refinanced loan amount in GEL: 0%

From which countries is it possible to import a car with this car loan?

With the help of SOLO's partner Lion Auto, it is possible to import used cars from the USA

Who is SOLO's partner car importer?

Our partner company is car importer Lion Auto, one of the largest car dealers in Georgia.

Is collateral required?

Yes, the imported vehicle will be considered as collateral for the loan.

Is complicity required?

Yes, the loan co-payment is determined from 20%

What is the effective interest rate?

The calculation of the effective interest rate of a loan takes into account all necessary financial costs, including the period during which the consumer incurs these costs.

What type of income do you consider when granting a car loan?

When granting a loan, salary, rent, remittance, dividends, and verified income from self-employment will be taken into account.

SOLO Auto Loan − Your Desired Car from America

Purchasing a desired vehicle from America's leading auctions (Copart, IAA) is a unique opportunity, but the process is often complex and multi-staged. In response to these challenges, SOLO, in partnership with Lion Auto, offers you an exclusive product - an Auto Loan that makes the process of selecting, purchasing, and transporting a vehicle simple and comfortable for you.

SOLO's partner company, Lion Auto, is your professional advisor that fully manages the processes of vehicle selection and logistics. The company's services include:

 
  • Professional Consultation - Taking into account your wishes and budget, Lion Auto representatives will select the desired vehicle for you.
  • Full Vehicle Inspection - They will also thoroughly study and assess the vehicle's history and technical condition so that you can make an informed decision.
  • Purchase and Logistics - Lion Auto will handle the purchase of the vehicle at auction on your behalf and ensure its safe, fast transportation to Georgia.
 

SOLO's Role - Complete Financial Support

While Lion Auto takes care of the technical part of the process, SOLO provides financial support. This is not a standard car loan. SOLO's loan for purchasing a vehicle is a complete financial package that covers all stages of the process:

 
  • Vehicle Cost - The amount with which Lion Auto wins the auction on your behalf.
  • Auction Fee - The service fee for the auction platform.
  • Auto Transportation - The auto transportation loan covers both domestic shipping within the US and international sea freight.
  • Customs Clearance Costs - The loan also includes all taxes stipulated for import.
 

What the SOLO and Lion Auto Partnership Includes

  1. Consultation with a SOLO Banker - You contact your personal SOLO banker, who pre-determines the credit limit available to you.
  2. Vehicle Selection with Lion Auto - Within the approved limit, you choose the desired vehicle with the Lion Auto team.
  3. Purchase and Financing - After winning the auction, SOLO ensures the transfer of funds, and Lion Auto begins the logistics processes.
  4. Receiving the Vehicle - You receive the vehicle in Georgia, cleared through customs and registered in your name.
 

Auto Loan Terms and Advantages

  • Unified Service - You benefit from the integrated service of two strong partners, SOLO and Lion Auto.
  • Full Financing - The loan covers all expected costs, protecting you from unforeseen financial burdens.
  • Time and Energy Savings - You do not have to worry about logistics and additional details.
 

This joint product turns the complex process of purchasing a vehicle from an American auction into a simple and predictable experience.

 

Along with the auto loan, you can take advantage of other types of offers tailored to your goals:

  • Consumer Loan - If your goal is to satisfy everyday desires, a consumer loan offers terms tailored for this purpose.
  • Mortgage Loan - If you want to purchase, build, or renovate real estate, a mortgage loan is your reliable financial support.
  • Subsidized Mortgage Loan - If you meet certain criteria, you have the opportunity to use the state subsidy program and receive additional benefits.
  • Deposits - After achieving your financial goals, you can accumulate free funds and receive benefits through SOLO deposits.
  • Cards - You can use SOLO cards to comfortably manage daily financial transactions.
 

For detailed information about all credit products, visit the main loans page.

Contact your SOLO banker and take a step towards your dream car or any other goal.

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