High discounts and low-interest rates – the ideal time for buying a car. After some sharp slumps, the German car market recovered somewhat in the first half of 2014. Sales of new cars rose by 2.4 percent compared to the same period in the previous year. However, as the Car Center at the University of Duisburg-Essen determined, the upswing does not affect the discounts offered.
More and more car dealers are beginning to first register new cars in their own names and then resell them as “young used cars” with high discounts. About 40 percent of all vehicle purchases are now processed via this business model. Real new cars are also currently available at real bargain prices. For example, Ford Fiesta, Mazda 2 or Fiat Punto are currently offered with discounts of up to 30 percent.
Use low-interest rates to buy vehicles
At the low vehicle prices, car buyers benefit from currently very low-interest rates. These make buying a car a lot cheaper. If you are thinking of buying a new vehicle, you should use the currently extremely favorable conditions. The right loan to buy a car is currently available from various online providers at an extremely low-interest rate.
For example, the largest direct bank Binary Lender is already offering its car loan at an effective annual interest rate of 3.99 percent. New or used cars can be financed with a purchase price of up to 50,000 dollars.
Another advantage is the long terms of up to 84 months. This means that even a slightly more expensive car can be financed at low monthly rates. Alternatively, Binary Lender’s car loan can also be used to replace existing financing.
A comparison is worthwhile
Car buyers who compare the conditions in advance can save several thousand dollars depending on the vehicle price. A quick online comparison shows at a glance which provider offers the best conditions.
The rule is that direct banks offer the cheapest interest rates in most cases. In addition, borrowers should be as flexible as possible. This is granted, for example, through free special repayments or the possibility of a regular rate suspension.