Different financing options for purchasing a car They offer drivers more possibilities to enjoy the vehicle they want.
However, it is important to know the difference between these services, to know which one is best.
Drivers typically choose between financing Preference or credit.
The Preference financing It consists of an exclusive service that allows you to choose between different options at the end of the contract, whether renewing the service with a new car model, keeping the vehicle or returning it. During the contract period, the client pays a monthly fee
The credit option It consists of the acquisition of a vehicle whose amount plus interest must also be returned in monthly installments. By paying all of them, the user becomes the full owner of the car.
Differences between Preference and credit
The two services have their own characteristics. Seeing the differences between them it is easier to choose the most suitable one for each driver:
PreferenceCredit
Contract periodFrom 3 to 4 years. From 3 to 8 years.
Associated mileageTo chooseUnlimited
Credit extensionAvailable with refinancing.Not available.
Upon termination of the contractThe driver can choose 3 options:
Finance a new vehicle.
Keep the car by paying the last installment.
Return the car as payment for the last installment.
The driver becomes the owner.
These are the most important differences between Credit preferencebut they are not two completely antagonistic services.
In fact, both have many similarities and advantages that they share:
Preference and credit
ProhibitedTo choose. You can finance 100%.
Monthly feeIt is fixed throughout the contract.
Included services Payment protection insurance and vehicle warranty.
Optional services Auto insurance and door-to-door workshop.
Securplus.
Maintenance.
Warranty extension.
Change tires.
Tire and replacement vehicle insurance.
Preference or credit, which one is better for me?
These two financing options They can be interesting for many drivers. The important thing is to choose the one that best suits each situation.
In general, it is recommended go to a brand dealer and consult on which service is most recommended, whether preference financing or credit according to the personal characteristics that arise.
The Preference financing service allows access to higher range cars. It is highly recommended for professionals who use the vehicle in the development of their work, as well as for individuals who are interested in renewing the model they drive from time to time.
The credit service It stands out above all for acquiring ownership of the vehicle and enjoying a longer available contract period. Thanks to this, more affordable installments can be configured.
Therefore, the credit is recommended for those looking to have a car according to their preferences. at the lowest possible monthly cost.
Given the There are no limits on mileage either. associated, is also a highly recommended alternative for those who, for work or personal reasons, drive often and travel long distances.
2024-02-20 09:00:04
#Differences #preference #financing #credit
