If you want to take out a loan for the purchase of a new car, then this is one of the more important decisions: Because only the really right loan ensures driving pleasure and does not restrict you too much as a new car buyer. Therefore, you should definitely spend some time on the loan comparison on the Internet and ask yourself a few questions before financing.
What about price transparency?
The launch of a new, refreshed series of an existing model is one of the most important events of the year for both the automaker and the car dealer. The car press was able to test some vehicles in advance and now the longed-for new vehicle is finally in front of you in 1: 1. If you would like to take out a loan for the purchase of a new car for a brand new model, then you should ask very precisely: What does the dealer’s house price look like when financing and what discount can you get if you bring your own financing.
Depending on the current market situation, you can get very different purchase prices for the dream of individual mobility. This is because some car manufacturers indirectly subsidize the promotional interest rate or 0% financing from the car dealer. And therefore he can only be a little less accommodating with the house price!
So compare the total cost of buying and financing
If you then start the Internet comparison, you will be able to count on two different starting amounts and many different interest rates. The original purchase price will be lower if you bring the financing yourself. You take this lead in the purchase price into the financing. It is often the case, especially in the low interest phase, that this advantage has an impact on the total price over the period of use. Simply because, for example, a 10% higher discount or introductory price means a lower starting sum.
You should also think about how likely it is that you want to continue driving the vehicle after three or four years, for example. If you are sure that you want to drive another vehicle after the financing period, then leasing financing is also an option. Here, the loan for buying a new car is more of a lease purchase, with which you can decide freely after the initial term.
The advantage: Any risk on the used car market is cushioned by the lessor and thanks to a professional resale team for the vehicles, the likelihood of a high resale value is greater. With this expectation, the leasing companies can calculate even more customer-friendly.