Our car loan: The advantageous financing of a vehicle
For your work or for your family: Having a vehicle is often important, even necessary. If you wish to acquire a new or second-hand vehicle, the seller is likely to tout the benefits of leasing to you. We see it differently, which is why you should consider our flexible auto credit. To allow you to know the different aspects of the two alternatives, we compared the leasing of a vehicle with our online car loan. You will be able to decide which one is best suited to your situation.
Buy or rent
If you decide to lease, know that the vehicle does not belong to you. It remains the property of the bank. In truth, you only buy the right to use the automobile for an agreed period of time and for a certain number of kilometers. This means that you do not have the right to modify the vehicle. To do this, you must first obtain the agreement of the dealer who sold it. It is only with his agreement that the vehicle no longer belongs to the bank. On the contrary, with a car loan, the vehicle is yours from the start. You can sell it freely. It is up to you to choose the moment that you deem useful to do so.
Your obligations are not terminated at the end of the contract
When you have paid all the monthly leases on time, a residual value must still be paid. If you cannot or do not want to assume it, the vehicle will be returned to the dealer. On the other hand, if you have chosen our advantageous car loan, you will be able to finance the remaining balance, in a simple and discreet way. Another advantage of this alternative is that you can deduct the interest on a private loan from your tax return.
When purchasing a vehicle, you must insure it. With private credit, you can freely choose to take out partial or total casco insurance. In the case of a leasing, it is compulsory to choose a total casco. You should also take into account that the insurance of a rented vehicle is more expensive than for an automobile that has been purchased. In the event of a total loss, casco insurance only pays the increased market value of the vehicle. You will have to pay any balance from your pocket. In addition, in the event of damage to the vehicle, the lessee is obliged to use only original parts. At the end of the contract, the garage owner can still invoice you for any damage not resulting from normal wear and tear.
As you can see, there are several aspects that speak in favor of online private credit. You have the possibility of calculating several financing variants using our credit calculator. You can of course immediately take out an online car loan.