1Mon·

This week

Loan repaid ✅️

Open consumer loan (car financing) with 6% interest and a remaining debt of 11k repaid.

Silver coins ordered ✅️

Decided to invest a small amount in commodities (coins).

Savings plans increased ✅️

Savings plans on the $VHYL (+0.36%)
$VUSA (+0.79%) and $EXH5 (+0.14%) increased.

Great feeling when things are going well financially 🎊

13 Comments

tims92@tims92

1Mon

6% blatant, congratulations. Everyone has made mistakes like this in life 😅. For me it was a Golf R with 18 at Satander Bank. 🥲

•

Pascal@Finanzios

1Mon

@tims92 Yes, it was the follow-up financing. Before that, the interest rate was only 2%...

But luckily I only had the loan for a year now.

•

Patrick@Pazi3

1Mon

@tims92 What was the interest rate? Currently 10% - 12% for car financing.

••

Pascal@Finanzios

1Mon

@Pazi3 completed the first financing 4 years ago and the follow-up financing about a year ago.

•

tims92@tims92

1Mon

@Pazi3 That was 12 years ago, I think it was around 3.9%.

••

Joris@Joris

1Mon

@Pazi3 seriously ? 10-12% for a car? 😱

••

Artiskon@Artiskon

1Mon

@Pazi3 uha, 12% car financing ? Oo

My car still has 14 months to run at 2.79% from 2022.
I'd like to drive it easily until the end of the decade, but let's see what the fuel prices will do from 2027.

••

Patrick@Pazi3

1Mon

I work in the used car trade and, among other things, we offer financing through Santander.

We are currently back at 6-8% (Santander is dependent on creditworthiness, among other things), but a year ago the interest rates were much higher.

You could get 12% if you wanted to finance a vehicle that was more than 12 years old at the end of the financing period without a down payment.

••

Sascha1998@Sascha1998

1Mon

@Pazi3 I currently have financing at 4.7% interest. The request was made two weeks ago.

•

Patrick@Pazi3

1Mon

@Sascha1998 for a passenger car?

Are you from Germany or Austria?
Shouldn't make much difference in principle.

Is the 4.7% effective?
Incl. account management etc.?

••

Nobody@Nobody_123

1Mon

Keep up the good work 👏👍🫡

•

Artiskon@Artiskon

1Mon

Very nice :)
What kind of coins did you get ?

I bought a tube of Britannias over the months last year.
This year I will only buy 4-5 ounces. The increased tax has simply made it too expensive for me, even though it's just for fun and to look at.

I would still like to put down a Vreneli. Otherwise I'll keep my hands off gold - too expensive.

•

Pascal@Finanzios

1Mon

@Artiskon also have the Britannia + Krugerrand. 👍😊

••