To calculate the financing for the purchase of a new car, the simplest way is to use a simulator. On the CPE website, you have a powerful tool that allows you to know the amount of your monthly payments in just a few clicks.
This solution offers the possibility to quickly send your credit application for study and processing. Of course, only your signature on a loan contract marks your commitment.
Using the simulator on the CPE website
The simulator offered by CPE is easy to use because you only need to fill in the fields marked with an asterisk. You can leave the other fields blank. If needed, a CPE broker will contact you for additional information.
The first step in using the simulator concerns the characteristics of the requested credit. For a new vehicle, you need to choose the “vehicles” option and then “new car.” You must then specify the price of the car and select either the amount of the monthly payments or the duration of the credit that suits you. The second page relates to information about you. If you are borrowing with another person, the personal information concerning the co-borrower must also be entered.
On the third page, you provide the characteristics of the vehicle. You then move on to the fourth page dedicated to receiving your contact details. You just need to complete the fifth page related to your professional situation before reaching the last page that inventories the financial information concerning you.
Choosing a loan according to the type of car
In general, a car loan is repaid between 12 and 84 months. In Belgium, credit organizations take into account the age of the vehicle to be acquired to set their interest rate. Up to 2 years old, the car is considered new and therefore benefits from a more advantageous rate than a used vehicle.
Also note that you can opt for a car financing with residual value. This type of credit is advantageous if you wish to resell your vehicle when your loan is finished.