You can still feel the consequences of Yes Car Credit, in the market. Several customers who took loan from the company are still complaining that they were cheated by the company at the time of borrowing the loan. The car offered by the company was also not up to the mark. Even the methods opted by the company to get back their money was inappropriate, illegal and aggressive.

The Yes car credit provided by the company states, that the cars bought by the customers with the loaned amount, can be returned by paying half the amount of loan in cash. The other half should not be paid back with check or other means but not by cash. Other than these there are many hidden terms and condition, beneficial for the company but brings great disadvantages to the customers of the company. The terms and conditions of the company include pricey insurance and warranty policies. The bills received by the borrowers, thus, contains unexpectedly high rate for these insurance and policies. For the customers the high bills were unexpected. Such extra hidden liabilities levied by Yes car credit were unfair for the customers.

The company introduced these hidden policies, insurance and the terms and conditions to gain high profits. From the car they were getting less profit, so they used this method to extract more from the customers. The insurance and the policies sold by them are:
1. GAP Insurance
Gap insurance covers the difference between the actual values of car and the remaining payment of car. Basically the use of this insurance comes when the car is stolen or met with an accident causing high damages, while the payments for the car are still made.

2. Payment Protection Policies
Payment Protection Policy or Insurance is a type of insurance that grant income to the borrower to help in the debt repayments at the time of accident, sickness when the borrower is unable to work or is unemployed.

3. Warranties
The car loans must be free from these extra hidden policies and their liabilities. The customers who opted for the Yes car credits policy are being threatened by the company at times when the payments are not made. The cars sold to the customers were not properly maintained so the customers faced a lot of problems. For returning these cars, the company quoted high price for covering the insurance.

All these factors and the drawbacks were the major reason for the decline of Yes Car Credit.

Yes Car Hire always guarantees the most competitive rates for Algarve Car. Take advantage of our special online Algarve car hire prices with 25% discount within our office prices.