New car loan
Buying new: becoming an owner rather than a renter
A new car loan finances the purchase of a factory-fresh vehicle acquired from a dealership or an agent. Its specific features come down to three things: longer financing terms than for a used car, up to 84 months, higher amounts, and a delivery time sometimes running to several months, which means synchronising the financing with the availability of the vehicle.
The real trade-off is between credit and leasing. With a car loan, you are the owner from delivery: the registration document is in your name, you sell whenever you wish and mileage is unrestricted. With an LOA or LLD lease, you rent: the advertised monthly payment is often lower, but it comes with a mileage cap, possible return charges and a purchase option to be financed at the end of the contract.
Our new car financing is reviewed from €8,000 to €60,000, at a fixed annual rate of 3.90%. Every application is subject to a search of the French FICP and FCC registers, and comes with the 14-day withdrawal period. For a used vehicle or a purchase from a private seller, please refer to our car loan page.
- Terms up to 84 months, amount: from €8,000 to €60,000
- Immediate ownership: registration document in your name, unrestricted mileage
- Financing that can be synchronised with the manufacturer’s delivery date
- The French ecological bonus and scrappage premium reduce the amount to borrow
Key features
Credit or leasing (LOA)
An LOA shows a lower monthly payment but you own nothing. On a vehicle kept for a long time and driven a lot, a conventional credit is almost always more advantageous in use.
Delivery times
A new car may be delivered three to nine months after ordering. A credit offer has a limited validity period: we align the application with the announced delivery date to avoid starting over.
Trade-in and down payment
Trading in your old vehicle counts as a down payment and reduces the capital borrowed accordingly. Have it valued by two buyers: the gap between a dealership trade-in and a direct sale is often significant.
Rate and APR
Our annual rate is fixed: 3.90% for the whole term. The promotional rates advertised at dealerships are generally conditional on options or insurance: only the APR, all conditions included, allows a comparison.
How it works
Set the net price to be financed
Discounted price, less the trade-in, less any ecological bonus. It is that net amount, and not the list price, that should form the basis of the financing.
Compare credit and leasing on total cost
On an LOA, add up the rentals, the increased first rental and the purchase option. Compare that total with the cost of a credit in our simulator, over the same term.
Make the competition work for you
The manufacturer’s financing is not always the cheapest, and an external offer gives you a useful negotiating argument with the seller.
Sign at the right moment
After acceptance and signature, allow the 14 days of withdrawal before the funds are paid to the dealership. That timetable must precede, not follow, the planned delivery date.
What brokerage changes on a new car purchase
- A costed comparison of credit versus leasing based on your actual mileage
- Lender and broker: we finance directly or put the manufacturer’s financing out to competition
- A reading of promotional offers at the APR, ancillary conditions included
- A timetable set so the release of funds falls just before delivery, not three months earlier
Frequently asked questions
Sometimes, particularly during manufacturer-subsidised rate campaigns. But those offers often come with conditions: a set model, insurance, a reduced discount. We systematically compare at the APR, all conditions included.
Yes for a new vehicle, subject to review. Bear in mind that at seven years of repayment, the residual value of the car will be well below the outstanding capital for a good part of the contract.
The bonus is most often deducted directly from the invoice by the dealership, which reduces the amount to borrow accordingly. Otherwise, it is paid to you after registration and can be used for a partial early repayment.
With a credit linked to the purchase order, the credit agreement is terminated as of right and you have nothing to repay. It is a strong argument in favour of purpose-linked credit on an order with a long lead time.
Yes, a purchase order is not a financing agreement. Check that the order includes a condition precedent that the credit be obtained: it protects you if the financing does not come through.
Yes, within the limit of €60,000 and of your repayment capacity. If you also wish to cover incidental expenses without proof of use, a personal loan may be more flexible than a purpose-linked credit.
A new vehicle already on order?
Have the dealership’s financing compared before you sign it: our review is free and leaves you entirely free to decide.
Credit is a commitment and must be repaid. Check that you can afford the repayments before you commit.
