Car dealerships offering 1.99% APR, but appearances are deceptive Thorsten Schambach says Managing Director at Carworld 24 GmbH. Especially in the automotive sector, customers are often lured by low interest rates. In hindsight but, many customers find that their alleged bargains for new cars was paid dearly for. Because often the retailer at the time such special financing offers are only little or no discount on the new cars and right here is the problem so Sadiq. Many manufacturers offer cheap financing to make the purchase easier potential customers via your own bank.
According to marketing actions promote these car banks with up to zero percent interest rates for car loans. It’s only once irresistible. On the other hand, a car loan at auto Bank of the manufacturer reduces also the will to give high discounts on the new cars. Someone who already has the financing, usually cheaper buys. So Sadiq, we offer high discounts customers first and foremost, so that the customer really saves.
An example is to simplify it: top Offer 1.99% APR. Offer 1: Mazda Mazda 5 1.8 COMFORT 5-door 21.190,–MSRP of manufacturer’s 590 transportation costs to the delivering dealer 20.084 purchase price incl. 8% incl. 590 transportation costs deposit 4.017,–= 1.99% APR 48 months special financing runtime 348,40 monthly financing rate calculation: 48 x 348,40 = 4.017,–16.723,20 plus deposit total expenses 20.740,20 offer by Carworld 24 5.99% APR offer 2: Mazda Mazda 5 1.8 COMFORT 5 door side 21.190, – recommended retail price of the manufacturer 590 transportation costs to the delivering dealer 16,482 purchase price incl. 8% incl. 590 transportation costs deposit 4.017,–= 5.99% APR 48 months special financing runtime 291,80 monthly financing rate calculation: 48 x 291,80 = 14.006,40 plus deposit 4.017,–expense 18.023,40 total savings under the bottom line at a higher interest rate of 2.716,80 as strong partner in case of car financing Carworld 24 already for many years cooperates with the VR-discount Bank. Here, everything is just right as Sadiq. Thinking also matter on a cheap auto insurance! Carworld 24 offers all customers a free insurance comparison at de / insurance comparison