Car financing: all the secrets
Buying a car with financing is a choice that many rely on, but how do you choose the right institution and agreement?
The car is now literally an indispensable means of transport. This is not a convenience, a luxury or a quirk, but rather a real vital need. Going to work, to your family, partner, friends or places of interest such as hobbies or sports, everything depends on the mobility that the car guarantees us.
Of course, there are also other ways to travel effectively, but these are not always accessible to everyone. There are those who live outside the city or in towns without many services, just as there are places where public transport is unreliable or completely absent. In these realities the car is the only means by which we can drive regular and independent life.
Buying a carBut, it’s no small thing. This is an important investment, preceded by an equally weighty choice; to date, between LPG, hybrid or electric alternatives – not to mention the various accessories – there are many variations that can confuse us. When we reasoned and aimed at our favorite car, the problem of payment.
Not everyone can afford to buy a car out of pocket, and that’s exactly why the plans were made financing. The concept is very simple: a banking institution provides a sum for the purchase, and this sum will be repaid by the buyer over time, in installments. But how to choose the institute and the right offer for us?
Financing: all the variables
Obtaining financing is possible in many ways and means. Exist real or online consultations, but since large amounts of money are involved, you always have to be on the alert for possible scams or scams. To make a quick comparison between the various online offers there are some dedicated portals on which to carry out the comparison.
Financing can also be requested at the physical offices of the bodies that deal with it, or you can rely directly on them affiliated dealers; they will request financing from the bank with which they signed the agreement on behalf of the buyer.
Knowing all the details is the key to choosing the best offer
TAN, APR and other values to keep an eye on
To be able to get the best possible deal for your needs and limitations, it is important to know the values that come into play in a loan. The two acronyms TAN e APR they come up often but not everyone knows what they mean. The TAN (Nominal Annual Rate) is equivalent to complex of interests that we will have to pay (the cost of the loan); the APR (Global Effective Annual Rate) is instead the sum of costs administrative, bureaucratic and preliminary investigations that the financing requires.
Clearly, much attention must be paid toamount of the loan and its duration, or the time frame within which we will have to repay the loan. If we keep all this information in mind and inform ourselves properly before signing any agreement, it will be very easy to find the contract tailor-made for us.
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2023-09-21 15:01:04
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