Anyone who has ever bought or is in the process of buying a new car knows that despite discounts and favorable financing, buying a car is still a big financial deal. Therefore, it requires quite a bit of preparation and calculation.
On the Internet, we can find quite a lot of information about the offers and discounts offered by certain brands. However, the final price of the selected car will be most accurately calculated for you when you visit the showroom in person. There you will also agree on payment options with the seller.
Immediate payment
It is common knowledge that the car the easiest way to buy with savings. Before you decide to spend your savings, take stock of your income and expenses and consider any new financial burdens, which await you in the coming years. Even if the savings are only enough for part of the purchase price, it is good to know that no savings or investment will be as profitable as you will have to shell out for the cost of financing the car.
Renting credit or leasing
Since the savings are usually not enough to buy a car, most buyers resort to it credit or leasing options. For which, of course, you have to pay interest. Common sense and economic logic say that you should never strain your income too much, but on the other hand, it is not recommended to pay off the loan too slowly due to the interest rate and the decrease in the value of the car.
If you are faced with the dilemma of whether to finance the purchase with credit or leasing, it is good to know the basic difference between the two. By renting a loan, you become the owner of the car immediately, and in the case of leasing, the lessor buys the vehicle for you and gives it to you for use under the agreed conditions, and you pay him the agreed monthly amounts for this. Generally speaking, they are conditions for leasing approval are somewhat less strict as with credit leasing, although lessors must also check your creditworthiness. Unlike a loan, with some lessors you will have to deduct the first deposit when signing the contract, often this is a fifth of the value of the car, but of course this will reduce the interest costs.
Financing SEAT 1%
Financing 1% to you allows you to buy a SEAT model for 1% of its retail price per month. With this method of financing your new SEAT car, you can choose between different deposit amounts (10, 18 or 28 percent of the vehicle's retail price), and for the Ateca and Leon models, it is even possible to purchase without a deposit. You can pay off the vehicle up to 72 months. The advantage of financing the SEAT 1% is yes the amount of the monthly installment remains the same throughout the financing period, that is one percent of the retail price of the vehicle per month.
Funding 1% is suitable both for natural persons as well as for companies and self-employed persons, with a fleet of up to 5 vehicles. The buyer pays upon signing the contract one-time approval fee and payment of the first monthly installment, which is one percent of the retail price of the vehicle. The remaining installments are paid once a month, namely as many months as specified in the contract. The buyer then has only one more left repayment of the remaining value, which depends on the amount of the deposit and the financing period. If you are worried that you will overpay for the vehicle in case of 1% financing, you at SEAT, they guarantee that with this type of financing, for a period of up to 72 months, you will only pay the retail price of the vehicle and nothing more. The only additional cost is the financing approval fee, which is 1% of the financing amount. But don't forget that the vehicle must be financed at all times compulsory and fully insured. It is certainly an important fact that in this case it is about financial leasing with a fixed contractual interest rate. The financial institution that approves the leasing is therefore the owner of the vehicle until the final repayment of the obligation. Once the entire amount is paid, ownership of the vehicle passes to you.
