Cars are one of the major purchases, which generally only take place at fairly spaced intervals. If you do not want to pay for your new car in cash, you have two options: leasing or credit.
At first glance, the interest charged on a loan may seem higher. If total costs are calculated, however, credit may prove to be the most advantageous solution. Do not hesitate to consider both leasing and credit to find the form of financing that best suits your situation.
Paying in cash offers more possibilities
With a car loan, you can acquire your car for cash. Many dealers appreciate this payment method, which is why they often offer additional discounts or special prices.
Car credit gives you more flexibility
Our life situation sometimes changes faster than expected: the birth of a child, new partner, change of job, extended stay abroad, company car provided by the employer, etc. In all these configurations, a car loan offers you more flexibility, since the car belongs to you. You can, therefore, sell it at any time and proceed to the early repayment of the credit. The flexibility in terms of credit duration also allows you to opt for monthly payments that are perfectly suited to your income and your personal situation.
Buying a car is often more advantageous
In the case of a car loan, it is not compulsory to take out comprehensive casco insurance – a definite financial advantage. In addition, you can deduct the interest expense related to the car loan from your taxable income and therefore reduce your taxes. To avoid having to bear the significant loss of value on a new car, a car loan also allows you to acquire a used vehicle.
Your new car with peace of mind
So, should you finance your vehicle by leasing or by credit? Each solution has advantages. It is, therefore, a good idea to evaluate each of these two options with the help of a specialist. Do not hesitate to contact us for personalized advice.