Are you ready for a new car? Then a lot comes up to you. You naturally start by choosing your dream car and also try to figure out what you can spend. Do you have to borrow the full amount, or have you saved something yourself and can pay a (large) portion yourself.
The ideal situation is of course that you do not have to finance the purchase of a new car at all and can cough up the entire amount yourself. But yes, if this was the case then you probably weren’t reading this article. I therefore assume that you are looking for a car loan with, if possible, a low interest rate and a not too long term.
Many possibilities
When you look for financing for your car then the possibilities are almost endless, it seems. From leasing to buying a car with deferred payment without bkr registration. I will try to explain how all this is possible and what constructions there are so that you get a clear picture of the possibilities.
I assume that this is a car loan that is done privately. I will not take into account all business opportunities.
Private lease
With the construction of the Private lease you do not immediately become the owner of the car. This will only be the case when the last installment of the loan on the car is met. The advantage is that you can repay without penalty and always be assured of a good quality car.
You pay a fixed amount per month, which includes all the extras that you would normally have to arrange yourself in the lease price. This includes insurance, maintenance and taxes. How many kilometers you drive per year is not important, because the car becomes your property after the last payment.
Personal loan
This is the most commonly used form to borrow for a car. You will receive a sum of money from a lender with which you can then purchase the car of your choice. You naturally become the owner of the car and therefore have complete freedom with it.
With a personal loan you pay a fixed amount per month and depending on the age of your chosen car for a fixed period. Keep in mind that you have to arrange all taxes, maintenance and insurance yourself.
Sell and lease back
Does not belong in the list because there is a car in the game that you still have to buy. A commonly used construction where you sell your own car and lease the same car again. This is especially useful when you need a larger sum of money and are not eligible for a loan. The advantage is that there is no BKR registration.
Conclusion
It appears that there are several possibilities to get a new or used car. Depending on your situation you can choose one of the options above. Also note that you are not going to pay too much for your car, because that is the first profit. Negotiate well with regard to price and do not be fooled with a few free car mats or a full tank. There is also a lot of choice when it comes to financing, but it should be noted that with a personal loan you have the most freedom to choose exactly the car that you have fallen in love with.