FAQ

To identify the best financial offer it’s important to know all the costs from the financial contract (the interest and all the fees included), and all the other details of the financial product.

The following parameters can be used to compare two different offers:

Down payment (advance payment):

Represents the amount paid by the client at the beginning of the contract, calculated as a percent  of the delivery duty pay of the good. If the advance payment will be increased, it will result a lower monthly rate (the reimbursement value is smaller).

Residual value: 

The amount that the User is paying at the end of the leasing contract in order to be entitled as owner of the good. For the credit contract, there is no residual value, the User is the owner of the good from the beginning.

Financing period:

An increased finance period has the result of a lower monthly rate. 

The interest:

It represents the amount that a debtor should pay to the creditor, regarding the loan for a period of time. The interest amount reflects the creditor decision as a result of his commercial policy.

Existent Fees:

The contract fee is paid at the beginning of the contract (for a leasing contact is calculated a percent of the good value, and for a credit contract it represents a percent of the loan value), management fee, other contract fees.

After introducing all the parameters from above in the monthly installments calculator, the two offers can be compared by the monthly rate or the total financing cost, seen in the cash flow resulted for each offer.  

Another major factor to compare two financial offers is DAE (APR - annual percentage rate) witch should be visible posted. DAE includes all of the parameters above, commissions and fees defined by legislation.