2. Loan from the car dealer

Another possibility is to make a loan at your car dealer. Car dealerships try to lure customers with attractive interest rates, sometimes even at 0%. At first glance, this is of course a very attractive option. But is it really the best and cheapest way of financing? There is one thing you should never forget: there is no such thing as a free credit.

The interest that you do not pay for this loan will be covered by the car dealer. Conversely, this means that the car dealer will limit the term of the loan to keep their costs low. On the other hand, this will increase your monthly instalments. In addition, this car dealer's concession may result in giving you less or no extras for free. So, you should always evaluate the pros and cons in order to determine the option least expensive for you - no interest fees or free extras. Maybe you will find that the 0% loan is not necessarily the most financially interesting solution.

How to finance my new car?

Simulate your car loan online