To enjoy this interest rate when financing your car, you only need to meet one of these conditions:
Financing your BBVA Coche Online is that simple:
You have the right to withdraw from the loan contract without incurring a cancellation fee for a period of 14 calendar days from the date you sign. We will refund the commitment fee to you, and you will only have to pay for the interest generated during those days.
For example: if you apply for a €10,000 car loan with an NIR of 7.20% over 8 years and decide to cancel it within 14 calendar days, you will have to pay €1.97 for each day that has elapsed.
Here is an example of the cost of financing a €10,000 car for a vehicle under three years old and for one over three years old.
Remember that to enjoy the discount on the price when financing your Coche Online Loan included in this example, you need to have one of these options deposited directly into your account:
| Vehicle less than 3 years old | Vehicle more than 3 years old |
|---|---|
| Vehicle less than 3 years old
Interest rate 5.95% NIR (6.94% APR) |
Vehicle more than 3 years old
Interest rate 7.20% NIR (8.28% APR) |
| Vehicle less than 3 years old
Amount of the loan €10,000 |
Vehicle more than 3 years old
Amount of the loan €10,000 |
| Vehicle less than 3 years old
Term
8 years (96 months) |
Vehicle more than 3 years old
Term
8 years (96 months) |
| Vehicle less than 3 years old
Constant monthly payment
€131.17 |
Vehicle more than 3 years old
Constant monthly payment
€137.33 |
| Vehicle less than 3 years old
Opening commission 2.30%
€230 |
Vehicle more than 3 years old
Opening commission 2.30%
€230 |
| Vehicle less than 3 years old
Total amount debited
€12,889.56 |
Vehicle more than 3 years old
Total amount debited
€13,481.47 |
The APR was calculated taking into account postage expenses: €0.70 monthly.
If you need to open a checking account exclusively for managing this loan, and if the conditions for having no maintenance fees on said account are not met, the fee will be €120 per year. Therefore, the APR of the loan for a vehicle under 3 years old would be 9.21% and the total amount €13,849.56, and for a vehicle over 3 years old, 10.54% and €14,441.47.
Remember that you have the right to withdraw from the loan contract without incurring a cancellation fee for a period of 14 calendar days from the date you sign. We will refund the commitment fee to you, and you will only have to pay for the interest generated during those days.
The Coche Online Loan offers:
