Wednesday, August 31, 2016

Consumers get a loan with 0 percent interest for buying more cars – NU.nl

That the Association of Finance Companies in Netherlands (VFN) agreed with the Authority for the Financial Markets (AFM), which had requested. It involves all the car brands that are members of the association and who offer financing.

“We follow this provide market developments around responsible lending,” explains a spokesman for VFN. “Consumers also will certainly to long-term commitments with a 0 percent loan.”

Importers and dealers to offer still have low interest rates. “It was agreed no

further minimum rate,” the spokesman said.

The AFM and the VFN will later evaluate how the change works in practice.

By: NU.nl

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