Buying, financing or leasing a car? The advantages and disadvantages of each type of payment – from financing to leasing – we show. So that you can buy your new car comfortably on installments, we are happy to help you. Buying a car through dealers is often possible despite ongoing financing. To sell your car fast, risk-free and easy with ongoing financing.
Buying, paying or renting a car?
The advantages and disadvantages of each type of payment – from financing to leasing – are revealed. The vast majority of customers are not in the position to refinance a car from their own resources. A loan financed 36% of the purchase price for new cars and 23% for used cars. But also the leasing business has prevailed: Leasing:
Nearly 16% of new car buyers and 1% of GW buyers have decided to rent their car. But what are the pros and cons of different forms of financing? The big plus point is that you get into the possession of the vehicle immediately and unloaded. In addition, the money-payer incurs no funding costs. Another advantage: if you pay in cash, you can often negotiate a cheaper discount than a financing buyer.
With any financing, the acquisition of ownership of the car is at an end.
This is a plus compared to the leasing business, where only the use is transferred. Financing is particularly recommended for long maturities, as this has an impact on interest rates. This is particularly important in the event of a change in the financial situation. If you need to conclude a loan agreement for your car, you have two options: the loan agreement from an independent bank or the loan agreement from the manufacturer’s bank.
If you are financing through an independent institution, you can act like a cash payer to the merchant and possibly negotiate a larger rebate. If you have neither cash nor financing, we offer an attractive option. For entrepreneurs, renting is the main reason, since they can claim the costs as operating costs and thus reduce their tax burden.
Even if the private tenants do not have this preference, especially the youth is considered as an interesting leasing group: It wants to have its own car as quickly as possible, without having to save a long time; who owns “their” car is of secondary importance to them. Another benefit of the lease is that you can always control the most up-to-date car, which often has lower monthly installments relative to financing and usually a lower or no upfront payment.
For example, if you do not keep a set mileage limit, do not have your car with you or carry a little bigger “parking ramps” during the lease period, you will end up paying for it. Even if you decide to go for a financing, you should keep these questions on the first contact with the dealer and not deal with the topic.