Car Loan

Through a car loan you can immediately have your dream car.

Compare car loan via

With this loan, you finance the purchase of a new car or used car. Afterwards, you pay a part back to the lender every month. Sometimes a lender can set some conditions for a certain interest rate. Below you can compare car loans for the cheapest solution.

The two most chosen car loans:

1. Beobank Car loan- 1.29% >>

2. Cetelem Car loan new or second-hand – 2.25% >>

Why should I borrow money through car financing?

Especially not to balance your budget. Thanks to the loan for a car, motorcycle or mobile home, you do not have to pay the entire purchase amount in 1 time. You can spread the price of the vehicle over several months. In addition, you do not have to withdraw money from your savings account. That way you keep an extra buffer behind you.

How much can I borrow via a car loan?

In principle, you can only borrow the purchase amount of the car. This means that the creditor will pay 100% of the purchase price to the garage or the seller of the used vehicle. Some creditors, however, allow to borrow more than the price of the car. This could be, for example, 110 or 120% of the purchase price. As a result, you can also pay for example the Tax on the entry into service (BIV) or car insurance .

Can I only borrow for a new car?

No. You can enter a car loan for both new cars and used cars. Of course, a lender can apply a specific car loan to second-hand cars. So much depends on the credit conditions of your lender. Most lenders regard a car between 0 and 2 years old as new. You can borrow money for a car between 2 and 5 years old via a second-hand car financing.

Calculate your monthly reimbursement

If you have calculated how much money your car will cost, you can start thinking about the amount of the monthly reimbursement. A car loan is an installment loan. That means that you will have to pay the same amount every month. The interest rate or the Annual Cost Percentage (APR) of your car loan does not change. Your lender will automatically include the interest you pay for your car loan in the amount of the monthly reimbursement. Before you enter into car financing, the creditor is obliged to provide you with a table of the monthly repayments during the whole credit. Prefer a lower amount of monthly repayments? Then change the term of your loan. Calculate the monthly amount of reimbursement yourself via a car loan simulation.