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With the right funding afford his dream car

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Recently updated on September 21, 2023 at 08:32 am

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Whizzing through the streets with their own dream car, many car lovers dream of it. The fact that in many cases it does not have to be a dream that has not been fulfilled is shown by new and tailor-made financing, which is individually tailored to the needs and financial scope of the customer.

The dream of owning a car

With the right funding afford his dream car

At some point in life to buy a car, before this decision probably most of the working people at some point in their lives. Many have a clear picture of what features the car should bring. Not a few car enthusiasts, however, do not want to buy any car. Rather, they have a dream and would like to buy a specific model that will make their wishes come true. Often they are Dream cars sporty, chic and unfortunately not too big for your own purse. Particularly popular models include:

- BMW Roadster Z4
- Audi S6
- Mercedes C63 AMG
- Porsche Cayenne

So that the dream does not stay a dream forever, a loan is an option. Buyers of a car should ask themselves in advance whether they want to buy a new or a used one. With a used car, buyers can often get a bargain, but the price development also depends on the model. Well-kept models that are a few years old can be had for around 10.000 euros. The loss in value is enormous, especially in the first two to three years, and can amount to more than 50 percent. Popular models such as the Porsche Cayman S, on the other hand, have a significantly lower loss in value than many foreign brands (example: Crysler Crossfire). It is definitely worth keeping an eye on the prices. Regardless of whether a new or used car is to be purchased, the high financial hurdle can be overcome by taking out a loan.

With the right funding afford his dream car

Possibilities of financing

The classic form of loan financing is still an installment loan. With this, the borrower pays back the loan amount taken out in equal monthly installments. Since the monthly income of most employees is constant, they have about the same financial leeway every month to make repayments and interest payments. In contrast, with the balloon loan, the closing rate is significantly higher compared to the previous rates. As a result, the current installments, similar to leasing, are very low (the interest is higher due to the higher risk of default!), Which makes it possible to finance and maintain more expensive vehicles. It is not uncommon for the final installment to be only partially paid, instead the car becomes the property of the bank. In any case, it is worth comparing the various car loan providers in advance.

Leasing is becoming increasingly popular, with lessee and manufacturer concluding a leasing agreement. The monthly rates depend, among other things, on the number of kilometers the customer drives. Often a maximum limit is stipulated in the contract. After expiration of the contract, the user must return the vehicle in good condition or he buys the car at the residual value. If the user buys the new car directly from the manufacturer, he can usually directly finance the bank of the automotive group. These have the advantage that they are tailored to the in-house products and the communication channels are short. Right now it is worth taking out a loan, as the interest rates are low and the conditions are therefore favorable. In any case, it is worthwhile to compare the offers of different lenders, as there are some significant differences in terms of interest, terms and repayments.

With the right funding afford his dream car

If you are ready and want to buy your dream car, you do not have to wait any longer. Thanks to individually tailored loan agreements, the financing of a used car becomes possible. If you really want to buy a new car, you have to dig a little deeper, but with leasing models or balloon financing, the dream of having your own sports car in many cases does not have to be deferred.

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About Thomas Wachsmuth

Thomas Wachsmuth - He has been an integral part of tuningblog.eu since 2013. His passion for cars is so intense that he invests every available penny in them. While he dreams of a BMW E31 850CSI and a Hennessey 6x6 Ford F-150, he currently drives a rather inconspicuous BMW 540i (G31/LCI). His collection of books, magazines and brochures on the subject of car tuning has now reached such proportions that he himself has become a walking reference work for the tuning scene.  More about Thomas

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