Vehicle financing

We offer financing for new and used vehicles through car dealerships. We can finance up to 80% of the purchase price of the vehicle and the maximum loan period is seven years.

How can I get financing to buy a car?

When you have found the right car, the sales representative at the car dealership will submit an application for financing. The application is submitted digitally and the approval process is automatic. It is a 100% paperless process as agreements are signed using electronic ID. If a credit appraisal is required for the application, it only takes three minutes and is free of charge. If you have any further questions please contact one of our advisors by phone on 444 8800 or by e-mail at bilar@arionbanki.is.

 

Car lease or car loan? 

Car lease agreements are processed in a completely digital process, which is quick and highly flexible. The customer is registered as the user and owner of the vehicle for tax purposes, and once the agreement is settled ownership of the vehicle is transferred to the customer. It is easy to make payments on the agreement or pay it off in full via your online bank account at any time during the agreement period, at no additional expense.

Since car loans have to be registered by the district magistrate the loan process can only partly be completed digitally. The customer is the registered owner of the car, while the Bank has first lien on the vehicle. As with the lease agreement, the loan can be paid down or paid off in full at any time during the loan period at no extra cost.

Car insurance

Vehicles are major investments and even slight damage can be very costly. Vörður provides comprehensive vehicle insurance.

Specialists in vehicle financing

Our specialists have many years of expertise and are always ready to help you find the best solution to finance your investment in vehicles.

Head of Leasing Department

Sævar Bjarnason 

 

Specialist Corporate Leasing

Jón Ragnarsson 

 

Specialist Individual Leasing

Thelma Harðardóttir

 

Specialist Corporate Leasing

Andri Ellertsson 

 

Specialist Corporate Leasing

Ragnheiður Pétursdóttir

 

Specialist Corporate Leasing

Yngvi Eiríksson

 

Specialist Individual Leasing

Bentína Pálsdóttir 

 

Specialist Individual Leasing

Rósalind María Gunnarsdóttir

 

Specialist Individual Leasing

Þórhalla Sólveig Sigmarsdóttir