When comparing the financing example of a competitor with our financing example, be sure that in both calculations the same type of financing (fixed monthly payment or final installment loan) is selected. The last installment (final installment) is therefore considerably higher than the previous installments. Only the difference between the loan amount and the final installment is repaid continuously and equally. ![]() The final installment is deferred until the end of the loan term. ![]() The final installment loan is different from the fixed monthly payment loan in that the loan amount is not paid completely back. The most important aspect of a fixed monthly payment loan is the monthly payment, which remains unchanged over the entire loan term. In contrast, with HP or a car loan you will make bigger payments but get to own the car. For example, with like-for-like cars, you could save money by leasing (PCH), but you’d have to return the car at the end of the deal. Our loan calculator allows you to calculate both “fixed monthly payment” and “final installment” loan. The cheapest way to finance a car depends on a few factors, including whether you want to own the vehicle or not. Familiarise yourself with the car loan calculator and calculate a suitable car. If you have asked for credit insurance and therefore received a financing offer that includes credit insurance, please send us your offer and we will calculate a financing offer that includes credit insurance as soon as possible.įIXED MONTHLY PAYMENT VS. The car loan calculator is handy when you are contemplating car financing. If you took out an auto loan to buy your car, you might be thinking about refinancing. Please note that the loan calculator does not take credit insurances into account. Use this auto refinancing calculator to determine whether now is the right time for y. ![]() The parameters that are still different are vehicle price and interest rate. However, be sure that the parameters such as down payment, loan term and, if required, final installment are the same in both calculations. “Vehicle price including financing costs” helps you make a good decision when comparing two vehicles that are different only in price and interest rate. Don’t let yourself mislead by temptingly small interest rate offers on the market! Because in such cases, the vehicle price offered is often higher than the market value of the vehicle.
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