Your financial situation is crucial for what is a good car loan for you – get smarter here.
Are you, like many others, interested in where to find Denmark’s best car loan?
First of all, make sure that what is the best car loan for others is not necessarily the best car loan for you.
Are you interested in finding the cheapest car loan? Then you can be guided here.
Koch car loan calculator allows you to calculate for free what a car loan will cost you. You can find it here.
»The situation that you as a customer are in is very important for which loan is good for you. What can be a good car loan for me is not necessarily a good car loan for you. Moreover, it is not always the cheapest loan that is the best, ”says Ib Lynge, Sales Manager iPip.
The best car loan for you depends on what financial situation you are in and what you have the courage in relation to payout.
»If you have an economy where you, for example, do not feel like or have the opportunity to pay 20 percent, then purchasing with retention of title is not an option for you. If, on the other hand, you have the funds in the form of a surplus and the desire to make a payment for the car loan, then it may well be the type of loan that is good for you, ”says Ib Lynge.
FACTS: A purchase contract with a retention of title is linked to security in the loan, and a car loan without collateral is when the lender does not have security in it.
Look at the APR for the best car loan
As a borrower, you need to be aware that looking at the monthly service is not enough to assess whether a loan is good.
The monthly benefit can, of course, tell you how much you have to pay in the monthly service during the term of the loan, but the monthly benefit does not say whether it is a good or cheap loan for you.
»Many customers look mostly at the monthly service when assessing whether a car loan is cheap. A low monthly service does not necessarily make a car loan for a cheap or good car loan just because smoking gets money out of the account every month, ”says Ib Lynge.
“A car loan with a low monthly performance can easily go and become really expensive on the long run,” he says.
If you want to compare different loans, the annual percentage rate – abbreviated APR – is the best tool you have.