By using a car loan, you are betting on fast and reliable financing to allow you to finalize the acquisition of the car of your dreams. Further illustration at legalaidua.com
However, a loan remains a commitment and you have to repay the funds with interest for a predefined period in the car loan contract. To obtain an attractive offer, do not hesitate to put credit institutions and banks in competition and learn to negotiate well.
Auto Credit Negotiation: The Preparatory Phase
To defend yourself well with the banker who will grant you car credit if you do not apply for your car loan online, gather shock arguments and avoid threats such as the fact that there will be many other proposals that will be favorable if you decide to leave your current bank, unless it decides to review the interest rate applied for your loan.
The best way to do this is to create a real fallback solution, an emergency exit that will allow you to get out of it if you never manage to convince your interlocutor. To get there, make sure you already have an advantageous car loan offer to present to the banker and for that, you will only have to do an online simulation to obtain the ranking of the best offers from credit institutions.
As soon as you have chosen the most attractive offer, continue the process by filling out the forms and send an online request for an answer in principle, as well as a prior credit offer.
The interest rate of a car loan
The negotiation of a car loan is based on the annual effective annual rate or APR which must appear on each advertising offer with quantified examples. As a reminder, this APR includes all the costs that will be charged to you for the release of funds, interest and any additional costs.
To make your task easier, online comparators use questionnaires intended to obtain a classification of the best rates according to your search criteria, thus allowing you to know the best car loan rate on the Belgian market and to compete.