Off to the motor show with a KBC car loan at 0,85% up your sleeve

Rock-bottom rates, right till 30 April 2018

Each motor show boosts car sales and demand for finance. During this year's show (and up till 30 April 2018), KBC will offer loans to new and existing clients at a rate of 0,85% (for new and used cars up to three years old).

The rate is 2,95%** on used cars over three years old (for existing and new clients).

KBC's finance leaves borrowers free to
 

• decide how long they want to borrow for,

• choose the car they want without restriction or obligation,

• negotiate the purchase price, discounts and their current car's trade-in value and

• decide without needing to rush and beat a tight special offer deadline (this one runs until 30 April 2018, perhaps longer).

KBC detects certain conspicuous car-finance trends

The motor show will generally mean a boost in car-finance applications. In 2016 (the year of the last motor show), application numbers rose by 26% in the January and by as much as 68% in the February compared to average monthly numbers that year.

• Average new-car-loan term: 4 years 8 months

• Average amount borrowed for a new car : 24 809 euros

• Average amount borrowed for a used car: 13 077 euros

• 55% of car loans are for new and 45% for used cars

• Average age of borrower: 43 years 6 months

Clients can deal now deal with car-loan formalities entirely online: 38% of clients already do so

Clients can complete the entire car-loan application process online using KBC Touch, and more of them are keenly doing so. In January 2016, 12% of car loans were contracted online. By the end of 2017, the figure's now up to 38%.  And that's because the digital application process is so user-friendly and flexible:

• They just need to enter their income and a few other details.

• Once the application's complete, the funds are paid out in no time.

• From spring 2018, also available on KBC Mobile, KBC's mobile banking app.

People who don't bank with us can also apply digitally on the KBC website (www.kbc.be/auto) and don't even need to have or open a KBC account.

Even better insurance with more-extended KBC comprehensive cover

When you buy a new car and take out a comprehensive policy from KBC Insurance, your existing cover is extended to include other risks:

• compensation when your engine's damaged due to filling up with the wrong fuel;

• compensation for transported goods also damaged by an incident covered by the policy, like

  • cycles on a cycle rack;

  • roof box and ski equipment in it;

  • laptop in the boot;

• vehicle registration tax is insured free of charge with no upper limit;

• compensation for accessories that are of no further use (if you switch to a given make after claiming for another make of car, even for winter tires specific to the other make of car;

• full assistance following an accident or breakdown with the car: replacement car for up to seven days, and even 30 days in cases of theft;

• In cases of total loss, no deductible is charged.

You can get a premium quote by going to the calculator on KBC Touch or the KBC website (www.kbc.be/auto).

Remember, borrowing money also costs money.

*New car

Representative example: for an instalment loan of 15 000 euros to be repaid over 60 months at a fixed annual percentage rate of charge and fixed actuarial debit interest rate of 0,85%, you pay 60 monthly instalments of 255.44 euros (or 15 326.32 euros in total). Rate applies from 3 January to 30 April 2018 for an instalment loan to finance a new car, motor home or motorcycle or used passenger car no older than three years. The vehicle must be bought by a private individual.

**Used car

Representative example: for an instalment loan of 15 000 euros to be repaid over 60 months at a fixed annual percentage rate of charge and fixed actuarial debit interest rate of 2,95%, you pay 60 monthly instalments of 269.20 euros (or 16 151.83 euros in total). Rate applying from 3 January 2018 to 30 April 2018 for an instalment loan used to finance a used car, used mobile home or used motorcycle three years or more old. The vehicle must be bought by a private individual.