The time has finally arrived. You are about to buy a new (or second-hand) car. The full cost of paying your car in cash does not seem feasible.
With a car loan, you pay back (a part of) your car with monthly payments. Remember to take the right day value of the car as a starting point for car financing.
Car Financing: Tips For Taking 0ut a Car loan.
Have you found your dream car or are you still looking for it? On this page, you will find 9 tips if you want to finance your car with a loan and for car insurance, you are also in the right place at tuning-gids.
Favorable car financing; pay less for your car The cheaper you buy your car, the lower the costs for your car financing will obviously be. So negotiate the purchase price of the car of your car and make sure that you exchange your existing car as well as possible. Nowadays there are also possibilities to import your car cheaply from abroad.
With the overvalue of your house financing your car You can profit from the surplus value of your house. You can monetize that surplus through a WOZ credit. You can use the amount that you receive so that you can use it in various ways, including for the purchase of your car. Borrowing with the surplus value of your house is also often a relatively inexpensive way of borrowing.
Consider depreciation A new car writes hard, especially in the first years. It is therefore good to also pay off your car financing and keep your repayments somewhat in line with the depreciation on your car. This prevents that if you are ready for a next new car you will still be left with a residual debt of the previous car.
Arrange your car insurance in addition to your car insurance If you buy a new car, it is a good idea to ensure your car all-risk. Especially if you buy your car with a car financing it is advisable to be extra alert to your car insurance. If your car is properly insured, you are left with a residual debt, the unlikely hope your car totaled hit.
Do not go directly to the car financing offered by your dealer. Undoubtedly your car dealer can offer you a car loan. Sometimes it is even an interest-free loan. Do not, however, go directly to such an offer. Other providers can be cheaper and sometimes there are hooks and eyes on such a loan. For example, an interest-free loan can be interest-free for only a certain period of time. Then you might pay a lot more.
Comparing simple car financing Many loan providers offer the possibility to request an offer via the internet. You can easily request multiple quotations. There are also sites where you can compare several providers at once.
You can save, you can also borrow For many people, the monthly payment of their car loan will not be a problem. However, anyone who doubts whether the monthly payment can be paid, can also first save a few months an amount equal to the amount that you have to pay monthly for your loan. If you manage to save that amount, you can probably miss that amount monthly for your loan. Moreover, if you have already saved a few months, you will then also have to borrow less.
Pay attention to the additional costs of your car If you are going to borrow for your car, keep in mind the additional costs of your car. Paying and paying interest for your car means a monthly extra cost. In addition, you also have to pay for your insurance, pay the road tax, regular refueling, and repairs and car maintenance. Make sure that you have enough financial leeway to also absorb setbacks.
Need a car quickly, quickly arrange your car financing If you need your car ready, quickly arrange your car financing. On the internet, you will find providers that can provide you with immediate credit.
The most common form of credit is the revolving credit. Do you want temporary, extra financial resources? Or if you find yourself in a situation where it is not known how high the costs will be, then the revolving credit is the solution. You can think of the study costs, a renovation, a holiday or a new engine.
When you take out a revolving credit, an amount is agreed that you can have at your disposal. This is called the maximum amount of credit. In addition, you calculate the amount you will repay monthly. This is 2% of the total credit amount. This monthly repayment amount consists of repayment and interest, whereby the part interest can vary monthly. The interest you pay on a revolving credit is, in fact, variable and is calculated on the outstanding balance.
Is the loan application around then you can withdraw the money. You can do that at any time and up to the agreed limit. What you do not need is just left on the bill. This way you always have a financial reserve! Another major advantage of the revolving credit is that you yourself have an influence on the duration of the term. This is based on a theoretical term. In practice, you can repay your revolving credit whenever you want. With a revolving credit, there are no costs associated with the early repayment of your credit. This means that the actual term is ultimately determined by the interest, the withdrawals and the repayments you make.
The characteristics of a revolving credit at a glance:
- You determine the amount of the loan amount or part of it yourself
- Monthly term based on 2% of the amount of credit
- Variable running time
- Early redemption can be done without costs
- Standard term risk coverage for the first contractor
The personal loan
The most common form of a loan is the personal loan also called pl. You receive a fixed amount and determine how you will redeem that amount. Repayment usually takes place in the form of a number of fixed terms, spread over a predetermined period. You have maximum clarity:
- You immediately receive a fixed capital
- The interest is fixed during the term
- After a fixed period you have repaid the loan
The interest rate personal loan is not deductible unless Normally a personal loan is not used for expenses to your home or home. The interest on a personal loan cannot be deducted from the tax. Usually, a personal loan is used to purchase things such as a new car, kitchen or bathroom. If you use the loan to improve your own home, the interest is deductible, but you can opt for the interest credit.
Points to consider when making a personal loan When taking out a personal loan, you must take the costs of early repayment into account in addition to the interest rate. Check whether that can and may be fine. Also, check the scheme at death. Many providers canceled the outstanding amount of the personal loan on death but not all of them.
Testing BKR for a personal loan? In practice, everyone has actually been registered with the BKR. For example, if you use a customer card from a department store or have purchased something on the basis of deferred payment, registration will automatically take place at the BKR. Therefore, you do not have to worry about the BKR review, which is only to prevent people from going too far into debt. In fact, it gives you extra security, even when taking out a personal loan.