Every route to owning a car has its advantages. We'll help you work out when it makes sense to pay cash, when to take out a loan, and what operating leasing actually means.
You've chosen your car — now, how do you pay for it? There are more options than you might think, and each suits a different situation. Let's go through them without any sales talk.
Cash: the simplest option, but not always the smartest
Paying in cash means no interest and the car is yours straight away. But consider whether you'll have a reserve left after the purchase — draining all your savings for a car might not pay off if an unexpected expense comes up.
Loan: the car is yours, payments spread out
A standard consumer loan or a purpose-tied loan spreads the price over monthly instalments. Keep an eye on the APR, not just the interest rate — the APR includes all the hidden fees. The advantage of a purpose-tied loan is usually a lower rate, though the car often serves as collateral.
Leasing: when it makes sense
Finance leasing means the car remains the property of the leasing company throughout the repayment period, and only transfers to you once it's fully paid off. Operating leasing is more like a long-term rental — you return the car after a few years. It can be attractive for businesses from a tax perspective.
What to watch out for
Avoid contracts that force you to buy expensive insurance on top, charge penalties for early repayment, or hide unclear fees. A reputable provider will give you a repayment schedule in black and white and won't pressure you into anything.
We'll sort it out with you on the spot
Here at our branch in Olomouc, you can arrange both financing and insurance right at the time of purchase — we'll compare offers from several providers and work out the instalments precisely for the car you choose. You'll also find a financing calculator on the website for every car.
