Many motorists use the offers of the dealer banks when buying a new car. At first, these seem tempting, since they are usually advertised with zero percent funding. But in most cases, car buyers are giving away cash because they are robbing themselves of an advantage – the discount or the discount.
Does financing at the dealer banks really make sense?
At first glance, these loans are cheap from car dealers. But a vehicle loan comparison reveals astonishing things. If somebody takes the trouble and compares the offers with each other, then the dealers’ offer turns out to be less attractive. Many drivers forget that they can get another discount from the car dealer if they pay for their new vehicle in one sum. This reward was there before and is still there today. This money advantage can be so high that the dealer offers for vehicle financing become uninteresting.
Find the right bank through a vehicle loan comparison
There are plenty of banks and their offers are just as interesting. It is difficult to separate the wheat from the chaff. For this reason, a vehicle loan comparison is important because it provides clarity about the best offers at a glance. A comparison should nevertheless be made with the offers of the dealer banks. The amount of the discount plays a significant role. This must be so high that accepting an offer from an outside bank is worthwhile. After all, the banks charge interest that is included in the calculation.
Special attention should be paid to the offers of online banks. These banks are inherently cheaper because they do not have a wide branch network. This saves personnel costs and rent. Many banks pass on this saving to their customers, if only in part. But borrowers benefit from these offers through lower interest rates. Here, too, the vehicle loan comparison helps a lot in choosing the right bank. The loan for car financing can then also be conveniently applied for online.