If you are planning to buy a new car, we will be happy to make you a non-binding offer for a cheap car loan. With us you will not only find financing for your car, but also for two-wheelers, caravans or motorhomes. It does not matter if it is a new car or a used car.
Financing of new and used cars
Since we transfer the loan amount to your account, you can purchase your new vehicle from a dealer, on the internet or from a private seller. In any case, a car loan offers you the opportunity to act as a cash payer and to negotiate so often high discounts. The price reduction means that a smaller sum has to be financed so that a cheap bank loan for a car purchase is often worth more than a so-called dealer credit from the car manufacturer. Unlike other lenders, you do not need to deposit the Part II registration certificate, formerly known as a car letter, as collateral for the car loan.
As we carry out a credit comparison with several banks for you, we also include special car loans offered by our partners. These loans often have a particularly low interest rate.
Car loan – forms of financing
In a car loan, various forms of financing are offered, which may be, for example, a classic installment loan. The loan amount is transferred to the current account of the borrower, he can then freely dispose of the amount. The consumer center Vandolf has found that car buyers achieve particularly high discounts on a car purchase, if they do not immediately accept the dealer’s first offer. If you take one or two days to think about it and then visit the dealer again, you often have a good chance of getting a higher discount.
In a so-called balloon financing, also called final installment loan, the borrower pays a relatively low rate during the term of the loan. As a result, the full loan is not repaid until the end of the term, but a residual amount remains. The remaining loan amount can either be repaid in one amount or the borrower decides on a follow-up financing. For some offers, it is also possible to return the vehicle at the end of the repayment term, as it is known from leasing.
Who leases a vehicle, pays only a leasing rate per month for the use of the car. The leasing rate is often lower than a loan installment. For this, the financed motor vehicle remains in the possession of the leasing company and the borrower receives the car only as part of a transfer of use. When the lease expires, the car is returned and the lessee can choose a new vehicle. Upon return, it will be checked that all contract terms have been met. If the car has damage or defects or has been driven too many kilometers during the lease, a subsequent payment will be made.