He did the math. It was a classic three-way financing (balloon financing). He could manage €299, but that final lump sum was scary.
"Back for another VW Bank KFZ Finanzierung?" vw bank kfz finanzierung
Felix returned the next day. He signed the digital contract on the dealership's iPad. The biometric identification linked directly to his bank account for the direct debit. No trips to a branch. No yelling at a loan officer. He did the math
Felix grinned, holding his old car key. "Actually… I want to trade this one in and use the equity as the down payment." "Back for another VW Bank KFZ Finanzierung
"Angebot: 36 monate Laufzeit. 4.99% eff. Jahreszins. Monatliche Rate: €299."
The saleswoman pointed at the bottom line. "Plus the Schlussrate (final installment) of €4,500 at the end. Or you can just give the car back and finance a new one."
"Don't be an idiot," she said. "Take the VW Bank deal. The interest is fixed. There’s no Vorfälligkeitsentschädigung (early repayment penalty) if you pay it off early. And most importantly, the residual value guarantee means if the used car market crashes, you can just hand VW back the keys and walk away."