“ Cash doesn't leave us the mark ”

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Even if it's the minimum, it has to be financed no matter what ,” are several of the statements that, strikingly, the worker at a Madrid dealership of the Renault network makes after a customer I asked him about the possibilities of paying with his savings and in cash for a Dacia brand vehicle. "In those financial entities specialized in financing vehicles, according to ASUFIN, is where the most economical loans are offered." (Photo: Agencies) Well, with the intention of answering some of the questions raised there and in order to warn the consumer what they face when they are going to purchase a vehicle and cannot pay for it in cash, ASUFIN informs in its latest barometer that, in those loans granted by traditional banks , in the short term, CaixaBank offers the most expensive loan (11.89% APR) and Cofidis the cheapest (6.12% APR).

In the long term, that is, more than five years, curiously, Cofidis with 11.52% is the second most expensive, only surpassed by Deutsche Bank . In this case, the cheapest is Ibercaja with 6.94%. Secondly, in credit financial Phone Number Data establishments that do not finance vehicles , in loans of 1 to 5 years, the most expensive is Santander Consumer with 12.08%, and the cheapest CaixaBank Payments & Consumer with 9.10%. Likewise, in the long term, Santander Consumer is once again the most expensive loan and CaixaBank Payments & Consumer is again the cheapest. Finally, those financial entities specialized in financing vehicles , according to ASUFIN, are where the most economical loans are offered.



In particular, in loans from 1 to 5 years, Toyota Kredit Bank is the cheapest entity with 7.17% and PSA Financial Services Spain , the most expensive, with 11.26%. In loans of more than five years, the cheapest entity, Toyota Kredit Bank, is repeated with 7.40% and the most expensive is PSA Financial Services Spain with 11.32%. This accumulation of circumstances makes it impossible to know exactly the defendant's income , not only in the year of the pandemic, but in previous years. The judge considers that the defendant should have presented an expert report from an expert.