Car credit offers have never been such good value, according to comparison website guide-epargne.be. “The market has become both more transparent and more competitive”, indicated Kristof De Paepe, its founder, in the columns of dailies Le Soir and Mediahuis papers.
In 2014, banks lowered their rates during the Brussels Motor Show. This year, although the large banks have maintained these rates, guide-epargne.be points out that some rather aggressive new actors are now rubbing shoulders with large institutions.
2016 is set to be less expensive than 2015 for those intending to ask their bank manager to finance their new car. Indeed, according to available data, seven financial institutions are already offering a rate of interest below 2% and many have yet to announce their rates.