Buying a new car is often a major investment for households. Therefore, to make the right choice, not only in terms of model, tariffs, but also in terms of financing with auto credit, it should follow some tips.
1. Define the right car model
Each year, the automobile categories are expanding, and new vehicles, sometimes even badged with unpublished brands, appear in the concessions. Whether pure creations or restyling, these city cars, sedans, compact or SUV compete ingenuity to offer the general public opus ever more design, performance and connected. Before selecting the right wheel, it is therefore advisable to study the characteristics of these novelties, and this, several months before concretizing your car purchase.
2. Compare the prices of new models
The global automotive market is experiencing unprecedented dynamism. The emergence of new builders has indeed helped to increase the supply of models. However, buying a new car always costs more, according to the annual survey published in 2017 by the magazine Argus, which sets at 26,717 euros (3.4% more than in 2016) the average price of a new vehicle sold in France. This is a good reason to compare prices, even if it means turning to entry-level models before embarking on a new car purchase and getting a car loan.
3. Think about financing your car project
The purchase of a new car represents the second item of expenditure in the French household budget. While a minority of individuals can afford to buy their new vehicle, the majority of drivers must think about additional or total financing for their car by taking out an auto loan offer appropriate to their needs. This is good: auto credit rates are at their lowest according to Credither guide! From 0.75% over 12 months over € 10,000, while the average rate is 2.75% over 24 months between € 5,000 and € 10,000 borrowed.
4. Rent your new car on leasing
The leasing formula is very popular. French individuals are indeed more and more tempted by this flexible formula of financing. Also called Lease with Purchase Option (LOA), leasing has several advantages. It gives the opportunity to finance his new car (or very recent opportunity) with or without contribution, through monthly payments. It also offers the opportunity to drive a modern and safe car for a period of 2 to 5 years, with maintenance and insurance costs included depending on the contract.