Leasing or financing? Calculate offers now!

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With the nowhere-favorable-guarantee you are on the safe side with verivox. If you receive a loan offer from a bank or a credit broker (including other comparison portals) that is more favorable than the most favorable comparable loan offer on verivox, we will reimburse you for the interest rate difference in the form of a one-time payment directly to your account if you conclude the loan via verivox.

Top interest rates with around 40% savings

Verivox customers saved in 2020 with an average 39.7% cheaper eff. annual interest rate on average around 40% interest compared to the average german borrower (annual average eff. annual interest rate 5.82%, calculated from the mtl. average interest rates for consumer installment loans of german banks for new business 2020, source: deutsche bundesbank zinsstatistik of 09.02.2021)

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TuV Saarland tested comparison portal price comparison installment loan

TuV tested comparison portal

Verivox voluntarily has its installment loan comparison tested at regular intervals by the tuV saarland. With the TuV seal, the testers confirm that the loan comparison meets the highest quality standards and is easy and safe for consumers to use. In its most recent study, the tuV gave particularly positive marks to the consumer-friendly terms of use, secure data transmission, comprehensible filtering and sorting criteria, and the large number of providers participating in the comparison.

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Verivox is price champion and industry winner

For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company servicevalue have awarded the title of price champion in gold to verivox. This means that verivox will still be the no. 1 provider in 2021. 1 of the comparison portals. In the years 2017 to 2020, verivox has already achieved the best possible status in gold in the overall rating. Behind the broadly based customer survey on price enthusiasm are a total of around 1 million customers. Customer reviews for 3.000 companies and 270 industries.

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Car financing: quick and easy comparison

Anyone who wants to buy a car today, be it a new car or a "young old" one, often resorts to financing. Around two thirds of the vehicles on german roads are financed or leased by third parties. Three options are available for this purpose:

The classic car loan
The leasing
The three-way or. Vario financing

On verivox.De you can compare the costs of these three variants of car financing to find out which form of financing is more suitable for you. In the new car configurator you can compare a leasing offer with a three-way financing, under car loan you will find individual installment loan offers from a variety of banks. In this guide, you will find examples of calculations, advantages and disadvantages for each type of financing.

The car loan

a car loan is a classic installment loan. Some banks offer it as an earmarked loan at better conditions than a credit for free use. The reason for this lies in the collateralization. The borrower assigns the car note to the bank. If he does not repay the loan properly, the bank can resell the car. In the case of financing a new kitchen or a vacation trip, it would not be possible to recycle the car.

In the case of an earmarked car loan, the car "belongs" to the bank in the broadest sense, but the buyer can do with the car as he pleases. This applies to conversions as well as to the choice of repair shop or compliance with inspections. After the last installment, the lessee receives the car title back, the car is now fully owned by the lessee.

With a no-purpose loan, the buyer is even more flexible and can, for example, sell the car privately during the term and purchase a new car. If the customer wants to repay the loan early with the proceeds, the bank can charge an early repayment penalty. But many lenders offer loans with free special repayments or total repayments.

Calculation example: this is how much a car loan costs

For a car worth 35.000 euros, the following costs are incurred at 4% interest and a term of 5 years:

Rate per month: 643,45 euro
Total car cost: 38.607 euro
Total interest paid: 3.607 euros

At the end of the term, the car belongs to the borrower.

The leasing

Leasing means nothing other than renting. To put it bluntly, this is a long-term rental car. The lessee pays the leasing installments for an agreed period of time. At the end he returns the vehicle. If a purchase option has been agreed, he can also buy it for its residual value. If you make a down payment at the beginning, you usually have to pay lower monthly installments.

Weighing up the advantages and disadvantages of leasing

The advantage of leasing is that the driver uses a new vehicle every three or four years. This will save you from having to repair worn parts over the years.

The disadvantages of leasing are, on the one hand, that the lessor can dictate which workshop the vehicle owner must go to. The vehicle may not be altered in any way, not even in a simple manner. It becomes critical when the lessee wants to hand over the vehicle. In the case of credit financing, the buyer is free to sell the car. Transferring a leasing contract to a third party is almost impossible.

Private and commercial leasing

Leasing rates are increased by the value-added tax, while credit rates are free of value-added tax. Against this background, leasing is predominantly used by companies and self-employed persons for company cars, as it has a better tax impact than the other financing methods.

Residual value and mileage leasing

Some lessees will not have fond memories of the day of return. The leasing rate is based on a calculation of the residual value at the end of the contract term. In the case of mileage leasing, this depends only on the mileage. With residual value leasing, however, the overall impression of the car is decisive. A small spot on the upholstery, traces of the car wash on the paintwork or an interior door handle that is worn out more than average in the eyes of the dealer lead to an additional payment in this case.

Calculation example: leasing costs including tax

For private leasing, the following costs are incurred at 4% interest and a term of 5 years:

Rate per month: 583,98 euro
Total cost: 35.039 euro

Value of the car: 35.000 euro
Residual value: 10.000 euro
No down payment

At the end of the term, the lessee returns the car to the dealer. The rates already include 19 percent value added tax. Without tax, the costs of leasing are comparable to those of three-way financing.

The three-way, balloon or. Vario financing

The name of the three-way financing indicates the procedure at the end of the contract period. First, when you buy a car, the dealer calculates the expected residual value of the vehicle at the end of the term and deducts it from the purchase price. The difference – i.e. the expected loss in value – is repaid by the buyer during the term of the contract, but interest is paid on the total purchase price. At first glance, this option stands out because of its low monthly payment. At the end of the term, the borrower now has three options:

He returns the vehicle to the dealer. This option is only available with the vario or the. Three-way financing. In the less flexible balloon financing, there is only the financing and purchase option.
He pays the residual value – the final installment – and takes over the car. To finance the purchase of the car, he can also sell the car privately at the same time.
He takes out another loan to finance the high final installment. In this case the conditions are recalculated.

In the first case, the risk is the same as for leasing. The dealer will meticulously check whether the mileage has been higher than agreed or whether the car has suffered any other depreciation. In this case the final installment increases.

Calculation example: three-way financing

With an interest rate of 4% and a term of 5 years, the following costs are incurred with three-way financing:

Rate per month: 492,34 euro
Car costs when exercising the purchase option: 39.540 euro
Cost without exercising the purchase option: 29.540 euro
Total interest paid: 4.540 euro

Value of the car: 35.000 euro
Residual value: 10.000 euro
No down payment

At the end of the term, the borrower can return the car or exercise the purchase option. In this case, the residual value of the car is added to the interest paid.

Credit, leasing and 3-way financing: which is better??

For those who can deduct the value added tax, leasing is the most favorable solution in terms of monthly charge. However, it is important to remember that at the end of the contract there is no countervalue.

The classic car loan has higher monthly installments than leasing or three-way financing, but is the most favorable option overall. With the last installment, the buyer has acquired a countervalue without further payments. If you have the car purchase financed by a third party bank instead of the dealer, you can act as a cash payer and negotiate a discount.

Guide: terminating a leasing contract

In the case of leasing, there are only a few options for terminating the contract prematurely.

If you want to finance an expensive car, you can find affordable fully comprehensive insurance here.

The Internet is firmly anchored in everyday life as a global trading and transhipment center. Whereas in the early years of the net, trading was still limited to books and all kinds of small consumer goods, today travel, insurance and cars are sold. With steady growth in trade, adjustments were also necessary with regard to legislation, after all, legally binding purchase contracts are concluded online, which at the beginning of the 2000s were initially subject to the so-called fernabsatzgesetz (fernabsg – German Distance Selling Act), but are now an integral part of the BGB (section 312b). a sales contract concluded on carsale24 is therefore valid even without a signature.

Buyers who purchase, for example, a household appliance as a new product over the internet are protected by a legally guaranteed warranty and by the possibility of revoking the contract. The 14-day right of return secured. However, this does not apply to the sale of a car by a private individual to a dealer on the worldwide web.

Buying a car on the internet: sales contract, distance selling& revocation

By submitting a bid that is the highest bid after the auction has ended, dealers registered on carsale24 enter into a valid purchase agreement. This is of course binding and cannot be cancelled without further ado. This applies not only to the purchase of a car, but also to the purchase of practically all objects that can be obtained in everyday life, for example in stores.

However, there is a special situation when the purchase contract is not concluded in a store but, for example, via the internet or telephone. This is what is known as distance selling. In the case of distance selling, buyers are granted a two-week right of revocation in accordance with §§ 312g, §§ 355 of the German Civil Code (BGB), within which an item can be returned – or sent back – without stating specific reasons. Companies selling via distance selling must provide comprehensive information on the right of revocation in the form of a revocation instruction. In practice, this is often done in the form of an e-mail attachment that accompanies an order or shipping confirmation.

Exception: revocation in the case of car purchases from private individuals

In order to make use of a right of revocation, it must first be a distance selling transaction. this is the case when buying a car through carsale24. However, the regulations of the legislator only apply if the seller is a commercial dealer or a company, but not if a private person sells the vehicle. It is irrelevant whether the buyers are also private individuals, legal entities or, as in the case of the dealers registered on carsale24, tradesmen.

In B2B business, i.e. when a car dealer or company sells a vehicle to another car dealer or company via carsale24, there is also no right of withdrawal. It is important to note that there is no right of withdrawal when buying a car on carsale24, because the seller is a private person or a company (B2B) that sells their car and does not buy it.

difference between right of revocation& right of return

sometimes, when buying over the internet, it is not the right of withdrawal that is mentioned, but the so-called right of return. Partly blurring into one another, there is also talk of both rights if an item is not to one’s liking, has to be returned and paid for with appropriate postage. The main difference between revocation and return is that the right of revocation is enshrined in law, while the right of return is not. If the (non-private) seller does not provide any information on the right of return, the right of revocation always applies, provided that the transaction is a distance selling transaction. This means that the right of return only applies if the seller explicitly grants this right.

Another difference is the assumption of the return shipping costs. If the right of return is exercised by returning the goods, the seller also bears the costs of the return shipment. This can be costly, especially if the cost of returning the goods exceeds the value of the goods. Since the right of revocation also allows for a return, but the costs for this only have to be borne by the seller from a value of 40 € and the right of revocation is regulated by law, a right of return is only granted in isolated cases. A right of return for a vehicle purchase on carsale24 does not exist according to the right of revocation .

Right of return when buying a car from a private individual

If a car is purchased from a dealer, the dealer is obliged to provide a warranty. Private individuals can exclude this warranty when selling a car. If this is the case and there is no fraudulent concealment of a defect, a private person is not liable to another private buyer or commercial dealer. Also, damage caused by, for example, a previous owner of the private seller, must not be known to the selling private person. A dealer, on the other hand, must inform about all vehicle damages – regardless of the time of occurrence. Furthermore, private sales are not subject to a right of revocation, which generally excludes the right of return in the case of a sale to a dealer, for example .

Conclusion

Revocation, return, sales contracts, BGB and distance selling: buying and selling vehicles on the internet is sometimes legally complicated. Private individuals are granted extensive rights on the internet by the legislator, which dealers buying from private customers cannot rely on. In carsale24, both parties find an experienced contact partner who acts in a supportive and reliable manner when buying and selling used cars of all kinds. We are happy to advise you personally as a seller or car dealer.

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To the dream car from mercedes-benz – with our leasing offers

The noble cars from stuttgart-unterturkheim owe their name mercedes to a young lady. the daughter of austrian businessman emil jellinek was the inspiration behind the name for the products of the world’s oldest automaker. However, the daimler-motoren-gesellschaft, founded in 1890, did not use the mercedes brand name until a few years later. Jellinek had started in 1899 to sell cars from daimler and to advertise heavily at racing events. At first, however, his daughter’s first name was only used as a driver’s name in car races.

the first daimler-mercedes left the south german workshops in 1900. The eventful history of a brand with world reputation had begun. Ten years later, the famous name was joined by the equally famous brand logo. Since 1910, the star on the hood has been an unmistakable sign that the driver values quality and status. No less renowned than mercedes was another pioneer of automobile construction.

So it was only logical that in 1926 the daimler motor company merged with the benz company& co came. daimler-benz AG, now selling its cars under the brand name mercedes-benz and offering them as leasing, was born. You are interested in daimler leasing? then you should also take a look at our attractive smart leasing offers – the mercedes-benz subsidiary.

From a noble brand for a few to a premium manufacturer with a wide range of offers

For a long time, mercedes-benz was only represented in the upper and luxury classes. This has changed fundamentally especially since the 80s of the last century with the introduction of the baby-benz called 190er. Today, the brand is represented with its premium products in almost all segments of the automotive market, plays an important role in leasing in germany and competes directly with audi and BMW. Our low-cost leasing offers mean that the dream of a mercedes-benz can now also come true for people who don’t belong to the top ten thousand in society. But the cars from stuttgart have lost none of their fascination or their excellent image as a result.

More luxury is hardly possible: the S-class forms the mercedes-benz luxury class

From the compact A-Class to the best-selling mid-size models, the C-Class and E-Class, to the high-end version of the S-Class, the extensive range also caters to numerous niches.

Spacious compact cars such as the B-Class are just as much a part of this as exciting coupes in the style of a CLA or CLS. Also in the With the SL and the SLC, mercedes-benz has the upper class two particularly luxurious sports cars on offer. If that’s not enough, you can go for the AMG models, which also cut a fine figure on the racetrack with their brute engine power.

A premium-class compact SUV: the mercedes-benz GLC

Customers who like things a little more rustic swear by the modern interpretation of the all-terrain vehicle original, the mercedes G-Class. The Swabians’ program also includes trendy SUVs. The small GLA and the spacious GLE will find their buyers, as will the GLC and GLE, which combine the SUV theme with the elegant lines of a coupe if desired.

With attractive leasing conditions to the new mercedes-benz

However, the best-selling models from the mid-size class are still among the most successful models from mercedes-benz. Both the C-Class and the E-Class are available not only as four-door sedans, but also as practical station wagons. At mercedes, it is called the t-class and scores not only with a spacious load compartment, but also with high functionality and variability.

The mercedes-benz e-class in the estate version

In addition, the carmakers from stuttgart also offer sporty and elegant variations of these high-volume models. It goes without saying that you can get a C- or E-class coupe just as easily as a classy cabriolet. We have attractive leasing offers for these models, too. Hardly any other car manufacturer in germany offers its customers such a colorful and individual range of products as the traditional brand from swabia. But with all the different models, mercedes-benz has never forgotten how solid, reliable and yet exciting cars are built.