Archives: <span>FAQs</span>

How much does leasing a car cost?

There are varied types of budgets available to suit the needs and requirements of all, which start from 125 Pounds a month and go up to 2000 Pounds a month. The pricing usually tends to vary according to the types of car you choose. Additionally, there are exclusive offers and deals available from time to time, which you can make most of.

What is car leasing?

Leasing a car means that you have the car to yourself, without the expense of buying it. The leading brings you the experience of a new car, however, for a specified period of time. It is a simple process, where you need to choose a car, figure the annual mileage and agree upon the length of the contract along with initial payment.

How do you calculate the interest rate?

Interest rate is based on the amount you wish to borrow, overall repayment period, and credit rating. These factors help in getting you an attractive interest rate starting from 1.99% p.a.

What are the reasons for applying for a loan…

People need money for everything they do. Such is the situation of the capitalistic world today that you need financial support for basic things also. For example, sometimes, you can need a more significant amount of money for unforeseen circumstances ranging from car repair, house mortgage, or even buying a new set of things.

Although there can be plenty of good reasons for applying for the loan, one thing is for sure; you shall repay it at regular intervals. Otherwise, there are chances that the loans might get you an additional burden of fees. Also, while applying for loans, one must keep in mind the payback value in the future.

How to start investing in Germany?

Many people around the world think that it is not easy to start investing in Germany, but that is not the case. Online trading Germany has opened up pathways for one and all. Take, for instance, the investment apps. There are around three apps which most of the ex-pats and locals use. They are Degiro, Oskar, and Peaks.

Due to their popularity today, these apps are now considered the best android investment apps. Apart from these, there are other investment options available too. Flatex, for example, is offering free stock trading for around 6 months for beginners. With the help of a Flatex account, you will be easily trading stocks in Tradegate and Land and Schwarz. But before you make a significant leap, it is essential to check for all the parameters available.

Just think for a second if you want to trade stocks or invest in ETFs. The different investing apps android will provide all the solutions possible. One of the prime benefits of using the best investment apps for beginners is that you will learn the trade fast.

Another major thing to take into notice is what the investing game app offers. For example, if you choose the Degiro app, you benefit from using both premium and free accounts. When you opt for Robo investing app, this is why when you opt for the ones that are recognized and used by the public. Irrespective of whether you choose the iPhone investment app or Spare change investment apps, the high-quality ones will always help you in every step of the whole investment process.

What is the best ETF investment company?

If we talk about the most used ETF investment company in Germany, it is none other than Degiro. The online brokerage service provider is based out of the Netherlands and first started its service there. Today the services have expanded over to 18 countries across Europe.

In our opinion, it is the best broker because it offers stock transactions at record costs and a DEGIRO has commission-free ETFs (conditions apply) One of the prime differences in what Degiro offers is the competitive commission structure. Degiro is available in both ETF and App, which helps users in easy stock market transactions. Other benefits of using the platform are:

  • Low rates.
  • The platform is safe and secure.
  • Has Global investment opportunities
  • ETFs can be bought without the fee for a month.
  • Good variety of stock exchange.

Degiro has effectively amalgamated efficiency and economy of scale. The award-winning trading platform harbors the clients’ needs effectively and is one of the fastest-growing trading platforms.

The platform is innovative and has, till now, around 100,000 users who are ardently supporting it. Degiro is the recipient of 66 awards internationally, including Best Discount Broker and Best Broker For Stock Trading, both in 2020.

Apart from that, it is the platform’s unique capability to make it the Best Online Broker for four years in a row. All this together makes Degiro best for ex-pats when opting for investing app platforms in Germany.

How to open an investment or trading account?

Today the trading system has seen a lot of change. This is because of the arrival of new technologies. There are many paid and free apps which have made investments easy and secure.

However, to find the best apps in Germany, you have to compare the different ETF and stock trading platforms in detail. Compare the different factors, which include price, ease of usage, and trading transparency.

There are more than one step to open a trading account in Germany. They are:

  • First, settle for an excellent app like Degiro or Peaks, depending on your investment and requirement.
  • Then, open an investment account, which usually takes a few days.
  • Once the account is open, you can start uploading money via Debit Card or Paypal.
  • Start searching for the best stock you want to invest in and then buy the stock.
  • Once everything is done, it is time to regularly monitor the investment. This will help you keep a note of the inflation in the market.

How to find the best liability insurance?

People have a legal commitment to reimburse anyone who has caused any kind of damage in Germany. As you are legally responsible for an unlimited amount of damage that you cause, it is recommended to purchase liability insurance in Germany.

While finding the ideal liability insurance for you in Germany, you will come across several insurance companies. To select the best:

  • Compare the different companies and pay attention to the advantages they offer.
  • Find out what kind of liabilities you have.

A little research and advice or references from your colleagues or friends will help you find the best liability insurance in Germany for you.

Which liability insurance to choose in Germany?

Cosmosdirekt is one of the most popular liability insurance companies in Germany for expats. However, it ranks higher because of its contract availability in English.

    – Pay claims for damages
    – Reject unjustified claims for you
    – Pay up to 3 years worldwide for a temporary stay abroad
    – Performs upon receipt of the request
    – Property damage: At least 500,000 euros
    – Protection abroad: At least 1 year of worldwide protection
    – Damage from data transmission and internet use
    – When the time comes, remember to renew or cancel the contract
    – Customer support available in different languages ​​- English, German, Spanish, Italian and French

Private liability insurance is particularly inexpensive. Family rates start at 30 euros, and simple rates start at less than 25 euros per year. You should definitely pay attention to the benefits of liability insurance.

When you compare the benefits, choose a rate that best suits your life situation and offers the most comprehensive coverage possible. This is how you get the best protection.