Three things to look out for when taking out a car loan
The families firmly cut the rates for car loans. Although one loan is not the other. You must pay attention to this.
1. Loan amount
Anyone taking out a car loan with the family should not be blinded by the rates that they offer. For example, various conditions can be attached to a loan. For example, with one family you can borrow up to 100,000 USD, while the other family wants to grant you a maximum of 50,000 USD. Such ceilings can be played by car enthusiasts who want to play into a slightly more luxurious car.
For example, anyone who wants to borrow 65,000 USD for the purchase of such a showpiece is not at the right address with family, among others. The Bertram family recently came in the news with an interest rate of 0.89 percent, the lowest on the market. The family is not prepared to lend more than 50,000 USD. The minimum amount also varies from family. Some Bertram families already grant a car loan from 2,500 USD, while others only provide a loan from 5,000 USD or higher.
2. Second-hand cars
During the motor show, most drivers opt for a brand new car, but you can also take out a loan for a second-hand car. The rates for a second-hand car are usually higher if the car is older than two years. Although the majority of the family only raises the rates once the car has been on the counter for at least three years. Where you can take out a loan for a new car that falls below the symbolic limit of 1 percent, you can easily pay 3 percent or more for a used car of three years. Whoever wants to buy a car for at least three years is the cheapest off at Lite Lender. You pay 3.62 percent for such a car there.
For younger vehicles, the families are generally prepared to charge the same rate as for a new car. Although the conditions may differ from family. Some Bertram families already raise interest rates if the second-hand car is older than two years. For example, Lite Lender applies the same rates for a two-year car as for a three-year-old car. Record for family, on the other hand, uses the same rate for a second-hand car younger than three years as for a new car: 1.39 percent.
3. Green cars
In addition, the families come with special offers across the bridge for those who are interested in a green car. For example, anyone who takes out a green car loan with the market leader pays 1.5 percent interest. Whoever does that for a normal car pays 1.6 percent interest. Also, give a discount of 10 basis points if you take out a loan for an ecological car.
Anyone applying for a loan online can enjoy a discount at a number of families. For example, the Belfius gives a discount of 20 basis points to those who take out a loan online. Whoever visits a Bertram family office pays 1.7 percent interest. Anyone who arranges everything online will pay 1.5 percent interest.