This is the cheapest way to finance your dream vehicle!

The Car financing is a particularly common reason for including one Installment Loans. In Germany, many people prefer to have their car finance. This is shown, among other things, by one of the GfK conducted study, according to the whole 45% of private purchases of new cars in 2018 with the help of a Installment Loans were funded. Even with the used vehicles this value was still at least 32%. From this it can be concluded that the purchase of a car is the most common reason for taking out an installment loan: A proportion of all installment loans in the amount of 59% so was completed to a Finance car. The average amount for a new car financed by the buyers is 18.200 Euros and four years away while it is used for cars 12.000 Euros and 51 months are gone. These numbers make it very clear that financing a car is extremely common.

Car loan, long-term rental (car subscription), car leasing, 3-way financing - what is the cheapest way to finance a car?

There are several typesto finance a car, all of which have their advantages and disadvantages. For this reason we have an overview for you that contains all the important information regarding the four variants.

Variant 1: Purchase on installments with the conventional car loan

• The classic car loan is an installment loan that earmarked is. The Pay off of the loan is made in monthly Guess. If you take out such a loan to finance a car, the bank will usually grant you better conditions compared to loans used for other purchases. That's because it's safer for the bank than you are borrower can Registration certificate part II to leave the bank - of course only during the term. In this way, it is not possible for you to use the vehicle that has not yet been paid off during the term of the loan for sale. Furthermore, in the case of insolvency then just the car the einzieh and merchandiseIt is essential to make a comparison here before concluding. There are extremely many offers of credit and the costs can at times vary greatlyso that a lot of money can be saved. Be especially careful you should consider the so-called Zero percent financing: You pay no interest, but don't get one either Cash discount. For this reason, with this type of financing, you end up paying usually even more. In addition, there is usually also a financing without interest no statutory right of withdrawal exists, which can cause a lot of trouble, especially when defects and other problems occur, because you actually cannot withdraw from the purchase contract.

Variant 2: The Long term rental from the vehicle

• The Long-term vehicle rental is an option instead of financing, leasing, or buying. The Long term car rental can also be used as special form of Car rental title. Car rental companies buy a vehicle that the customer then uses on an annual or monthly basis redemption can use. In principle, the process corresponds to that of Leasing or when you get a rental car. Long-term rental is possible from one month and it can go up to two years to run. Once the rental period is over, the vehicle can be used for residual valuewhich is calculated in the contract, Bought will. But here it depends on the rental company. Is the car for sale release or not? The idea of ​​long-term rental is that the vehicle should be over not long Minimum term can be rented, but also for a smaller period such as two months. Companies benefit from long-term rental. This makes it possible for the employees Company car provide. Even who just got one Electric car is thinking, but you are unsure whether it is the right thing to do, you can find out with a long-term rental. So you can have the vehicle of your choice test a few months. And with the rent you have neither Repair- yet Residual value risk. And the rent includes not only the rental price but also the Comprehensive insurance, the Motor vehicle liability and the Car tax. Authorization and Transportation costs are also included. The disadvantage is, you can usually only from 21 years of age conclude a rental agreement. And you only pay the monthly rent to get the vehicle use. The acquisition as property is locked out. Renting is usually even for a longer period of time expensive than Leasing, Purchase or the Financing. For this purpose, the contract may contain rental terms that you restrict. So you lose on autonomy.

Variant 3: Low rates through 3-way financing

• The 3-way financing is also under the name "balloon financing" known. With this variant you first have to have a deposit pay and conclude a contract on a relative short term starting, mostly between two and come Years. After this time, you either have the option of one last larger one Final installment to pay and have the car as a result or you can choose to return the car to the dealer the abzugeb. The latter is of course only possible if you contact the specifications regarding the kilometers. If you want to keep the car, but cannot pay the final installment, you also have the option of simply continuing to pay the remaining amount to be paid off in installments.

Variant 4: The car through Leasing rent

• If you have a vehicle over a Leasing finance so rent You just do it. The lessor is usually a car dealer or even the Manufacturers. For that, the monthly rate you have to pay is also less than credit. Especially when you independently are can a lease agreement be attractive to you, since you normally pay the costs tax deductible. There must also be amounts for Maintenance or inspections from Lessor taken be what additional costs saves.

The right car financing

In principle there is no such thing universal perfect financing. For you one can certain funding be optimal, maybe for someone else not. Basically there are some aspects that should be considered here. This includes:

1. Financial possibilities: Here you need to be clear about how much Cash You have and whether you possibly have short term available reserves feature.
2. Individual driving behavior: Also the number of Kilometer, that will drive per year are important in choosing the right financing.
3. Employment Type: Depending on whether you employee or independent are coming different Variants in question for you.
4. Ownership: For example, if you do things on your vehicle change (Tuning) or repairs If you want to do it yourself, there may be other offers to choose from than if you want to sit back and relax and just want to drive.

Financing via branch bank / direct bank?

In some cases funding can be provided through an independent Branch or Direct bank relatively favorable his. This is because you have the full amount for the car in your pocket and can pay the car in cash at the dealer, which is usually a discount of up to 20% of List price results. The offers from Direct banks you should keep an eye on. With such direct banks you can sometimes get a decent one compared to a branch bank Save sum of moneybecause such direct banks have fewer staff and no branches. Because of this, savings are possible for customers.

Finance with or without a down payment?

If you have the appropriate financial resources, you should always go for car financing including deposit to grab. With this deposit you increase the Safety for the lender what some Benefits brings with it. These benefits include, for example decreased interest rates, one in total shortened running time and in connection with it also a lower riskto be in debt.
If you do not make a deposit, it lowers the Safetywhat, for example, by higher interest rates makes noticeable. For example, do you have your old vehicle that has already been paid for sold so you can save the amount received as deposit use. Also, here is a good / very good one Credit necessary and there must be no negative SCHUFA entries available.

Useful tips and tricks for financing

So that you are prepared when negotiating the price with the dealer, you should already be in advance compare different offers and be informed. There are also some valuable tips for the negotiation itself:

1. The appearance: Always remember, you are the person with the money that the Dealer would like to have. In no case should you see the dealer as the person from whom you definitely want to buy the vehicle. Also at Negotiate should you confident and decided occur as you might in this way less than the list price pay. You should also show your enthusiasm for a particular vehicle first hold back - Incidentally, this also applies to the enthusiasm for a possible success that you will have during the negotiations.
2. Working out deficiencies: Here everyone is still like that small detail important for the Price negotiation. Also, pay attention to details that you may not consider to be bad yourself.

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