A loan is quickly taken out – the true cost only shows on a second look.
⚠
See through loans
The consumer loan
Cash, but costly
Interestcapped, but high
Effective rateshows the truth
Total costnot just the instalment
Leasing
Use instead of own
Only useno ownership
In the endusually more
Clausesmileage, return
The comparison
Always the total cost
Not the instalmentoften deceives
Total costthe honest comparison
Termlonger is dearer
The alternative
Save instead of borrow
Savingpays no interest
Stay freeno obligation
Loanonly for real value
Good to know
Are you paying too much for loans?
💡 First step: A loan costs more than the instalment reveals – what counts is the effective annual rate and the total cost. Leasing means using instead of owning. Often saving is the cheapest financing.