4 ms·
>So you have to take a 5 years loan to buy a new car? 10 years if you have a low salary? I can't speak for all of Europe but in my country we don't take loans
by apexalpha 8y ago
>So you have to take a 5 years loan to buy a new car? 10 years if you have a low salary?
I can't speak for all of Europe but in my country we don't take loans for cars.
- kgwgk 8y agoAccording to http://www.finaccord.com/documents/report_prospectus_automotive_finance_leasing_consumers_europe.pdf http://www.finaccord.com/documents/report_prospectus_automot... “financial leasing (including hire purchase) is the dominant type of point-of-sale finance contract taken out by consumers in Austria, Ireland, the Netherlands, Poland, Romania, Slovakia, Switzerland and the UK, while loans (usually with no option to return the car) are preferred elsewhere” But I don’t know how meaningful that is, given that some buyers will get loans elsewhere and some will not need financing at all.