Buy a car? Think carefully about the financing | Car Loans

 

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

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

car

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

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

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

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.

Find the best financing to buy a car

 

The PIVE Plan (Plan for Incentives for Efficient Vehicles) has made the car market begin to raise its head, especially after its drastic fall in sales a few years ago. Although, the economic aid they are providing may not be enough to finance a car or get the best financing for the car you are thinking of acquiring.
For this reason, throughout this article you will discover which are the best car finance companies and a series of practical tips so that you can learn to calculate the financing even if you do not have a salary for the car you need.

Tips for financing a car

Tips for financing a car

It can be difficult to find the best financing for your car, so from Easy Credit we have created this article to discover everything you need to take into account when asking for financial help.

Be realistic and always set a budget

To calculate the financing for your car, the best thing you can do is to be clear about this section. First of all, be realistic with the situation you are in and also with the economy you have. This way you will never encounter an unexpected event. In addition, establish a budget limit to calculate the ideal financing for your car.

Study the options to find the best car financing

There are two ways to find the best financing for cars. One is focused on asking for help from the concessionaires and the other is through microcredits provided by financial entities such as Easy Credit or a bank .
If you decide to consult the first one, you should bear in mind that they always evaluate carefully the payment capacity that you may have, since what interests them in the first place is money. In the dealerships many people work for objectives so their main goal is to sell the car you are consulting. If you want to know if what you are being asked for is correct, you can search for a car financing simulator online and leave doubts.
The second option. If you ask for help with a bank, they will also see if you have an endorsement, a stable payroll and if your income is correct enough to be able to return the loan or loan within the stipulated period. On the contrary, if you apply for an online loan with Easy Credit you will opt for the best car financing you can imagine. Do not you believe it? Check with us all your questions.

Know the interest rates to find the best car finance

Study through a car financing simulator the interest rate that usually ask for a car both banks and dealers or private financial entities like ours. In this way you will know what is the amount that you will have to return to greater than the help you have enjoyed.
This can help you be cautious, be warned in advance and also find the best financing for cars in the market.

Other tips to find the best financing for a car

Other tips to find the best financing for a car

Use an amortization table

This means that you consult with a car financing simulator to evaluate all the loans, credits, aid … that may be available. It will also help you evaluate the monthly fees you must pay.

Contribute an entry reducing the term

In this way, you will reduce the repayment period of the aid they are providing you. This way you will pay less interest and you will obtain the best possible price. You can also choose to give an entry with the objective of not financing the entire purchase.

Be aware of other expenses

Not only you will have this expense, in the purchase of a car also influence other “hidden” expenses with which we do not count as the Registration Tax and the Circulation Tax are two pending aspects to take into account.

Credits and quick loans with Easy Credit

Credits and quick loans with Easy Credit

After reading all this article you have become a complete expert when it comes to knowing what aspects you should consider to finance the purchase of a car. You have a lot of alternatives and options, so you can choose the one that most convinces you.
In Easy Credit we put a team at your disposal 24 hours a day, 365 days a year , so that you get the answer you need to all your questions. Thus, you will see how we are a service with extensive experience and that our principles are focused on transparency and clarity with our clients.
If you are thinking of applying for a credit for your car, but do not know with whom or how to do it, see our blog. In it you will find customer testimonials, opinions, success stories, practical advice to take into account and you will also discover what our requirements are. No, you should not be scared, we only ask that you be of legal age to request help with us, have a bank account in Spain and a stable or recurring income that can come from a scholarship, help or payroll.