Even people with bad credit are dependent on the car. A new car brings with it many advantages, for example, expensive regular repairs do not have to be expected on a regular basis. Gasoline consumption is usually lower with newer models. However, since most cannot afford new cars, they must take a loan for it.
To find a car loan without private credit and serious is luckily possible in this day and age. The prerequisite for this, however, is that you can prove a regular income. The vehicle registration document can be retained by the banks until the debts have been paid off. It also examines whether there are other loans that could affect solvency. The payment can be made by mail.
Conditions for a car loan without private credit and reputable
Anyone who receives a car loan without private credit and serious can assume that the bank does not catch up private creditasukunft. As a result, the creditworthiness is not further affected and the credit has no effect on further loan projects. If it is a special car loan, you can not freely dispose of the money; proof is required that a car has actually been purchased for it.
Whether it is a new car or a used car is usually not relevant. The interest rates on a loan without private credit are usually higher than other car loans. It is to be expected with an annual interest between 4.7% and 5.9%. Since there are big differences, several, reputable providers should be compared with each other beforehand.
When borrowing, care must be taken to ensure that the contractually agreed interest rate remains in place over the next few years and does not increase further. The loan amount is agreed with the respective bank and depends on the income of the borrower.
Mostly, however, a loan is only possible from an amount of at least 1000 euros to a maximum of 15000 euros. When arranging the installments, the personal situation can be taken into account. If a long term is agreed, then only small installments are due.
Beware of dubious offers
Also at the credit institutes there are black sheep. These attract with cheap offers without private creditauskunft and fast turnaround times. This can be recognized, for example, by the fact that a payment must be made even before the loan is granted, supposedly for processing fees and the like. On such loans you should not get involved in any way. Even if the search for a reputable provider takes a little longer, in the end you are better advised.