Commercial cooperation Santander, All in One: Car financing in butter is a lot of variation – you know, which of them is best for you?

More than half of car sales in cars sold are purchased with some sort of funding and their share compared with the cash trade has increased year by year. Life situation affects largely to what is to who the most appropriate solution.

are you Planning a car purchase? Buying a car is a decision which should consider many things. One right way is not. New when I bought the car is good to consider, first, that for what purpose the car is and how much it is willing to pay.

the Money spent on the car purchase price, but also a variety of paperwork, insurance and maintenance, which should be prepared already in the car to get in. Buying a car often requires planning and saving, as any car does not come for free, though it cheap got.

the Car can be bought in many different ways: cash, bank loan, installment plan, All in One package or for private leasing. Of these the most common is the installment, but it is not necessarily for everyone the most suitable solution.

Read more about the different financial models:the cash buy

buying a Car with cash is a good solution when money is accumulated to sock enough. Cash for purchased the car is now completely my own and not with it need to therefore worry about the financial picture or the payment items.

buying a Car in cash does not, however, just never be financially a good investment, because usually the car's value goes down as soon as it is driven from the yard away. Therefore should think carefully how equity wants to invest in.

on the other Hand, if buying a car is inexpensive and used, can cash purchase, however, be an inexpensive solution, because sometimes in such cases even small financial way costs can be a large car compared to the price.

a bank loan

a bank loan can be a great way to buy a car, if the loan be tied to any collateral and is willing to spend time negotiating with the bank. Loan prices differ, so it is important to remember to compare loans before borrowing decision.

Banks also offer unsecured consumer credit, which is often hire the more expensive solution. On the other hand auto trades are offered through the financial opportunities may be nowadays very competitive price.

Hire

Hire purchase is the most common way to buy a car. When capital has had time to accumulate recovered only a little, is hire purchase a good option.

Hire purchase is a financing model is very transparent: the car buyer to know where to pay interest rates and other costs. In this case, it is also possible to tender for insurance and find the best service to the car – and in the best case, thus saving money. The car unpredictable sudden repair expenses however good to be prepared, so that they do not get surprise in a tight spot.

Although partial payment that freedom, is the installment agreement length to determine its length, when it is thought he liked the car. Payments can namely the binding of several years unless you change vehicle in person is not possible to pay one time installment agreement, the remaining end to the debt off. Hire car can, of course, would give the following when I bought the car, when the rest of the debt gets charged off. Too big a balance can, however, take completely or at least largely – from the car in exchange for the price.

Hire purchase is easy, because funding can be applied for credit decisions directly to the car in the shop. In this case, the car dealer's help, to hire-can be arranged quickly and conveniently at the transaction date.

All in One

When the ease and nonchalance of a car in terms of the most important features is the All in One package is likely the right choice. All in One is hire purchase based funding model, which aims to car ownership. The car is available with a fixed monthly fee for 24 or 36 months and save a surprising kuluilta.

All-in-One service can wrap at a fixed price according to the services they want, such as maintenance services, insurance and tyre services, when they don't need to worry at all. On the other hand, they do not reach either to influence so much as cash or on the installment plan financed with the car.

All in One is good solution when there is no desire or opportunity to commit capital to the car hand in the form of money. The choice is also good, if you don't know need the car only momentarily or for a longer time.

All in One is flexible in changing situations of life. You can change your car new or to redeem the car yourself during the agreement period without the separate sanction fees. When All in One -the contract period is coming to an end, you can change All in One -your contract a new car by providing a car exchange and offsetting, so the final debt off. You can also buy a car for yourself by paying the remaining amount of the loan off or restore the well-held car of the contractual period.

private leasing

the private leasing is a good option, if there is no need to own a car, but need one however use. Private leasing is essentially the same benefits as All in One, but the financial model as they differ from each other.

private leasing in tie car fixed-term lease, which a priori commitment, and it can't be cut off during the agreement period without liquidated damages. Lease do not also tell you what price car should be possible to redeem itself with a contractual period, but in principle, the car always returned to the rental period at the end.

Lease agreement in the customer is informed of the rental month of the charge amount without the adjustments of the interest or other charges. In this case, the client knows the monthly total, as well as what services the sum includes, but is not usually get this precise specification, unlike All in One. Private leasing is the lease, which is interpreted to provide a service. Thus, vat is paid also in the car, the car tax amount. For this reason, private leasing monthly payment are some other options more expensive.

private leasing is a good option when you are ready to commit the car to keep the entire lease period and when you did not want to sell the car itself for the term of the contract at the end. In this case, is willing to give up car sales potential profit, but also the risk of higher than expected depreciation.