Now it is so that due to an old loan of 20 years, he still has to pay off 2.5 years. he has a steady and high income as a driver.
He doesn't get a normal loan, for whatever reason. It just always said that he had no satisfactory score. Although he always pays everything on time. He doesn't dare to go to the dealership with all the documents and ask for it. And now I thought to myself, I am going to inform myself here with you to possibly deliver a positive message The only thing I got out is that there are probably these car loans where you don't need a guarantor. The bank then takes the car letter as security, so it is possible that you can get a car loan despite the negative Schufa. Now I wanted to know if there was any real truth to it and who knows where to find such a car dealership in Berlin that offers such a thing? Do you dream of having your own car? A car loan can help you fulfill your wish. In this post, we explain what a car loan is, how it works, what you need for it and why your credit rating has an impact on the loan terms. Regardless of whether the purchase is a used or new car, an electric car or an SUV, very few can afford a car without a car loan, simply with the money they save. After all, the Germans paid an average of 33,000 euros for a new car in 2018, more than ever before. Not a sum that you just have in the coffee cup or under the mattress. If you still want to fulfill your dream of having your own car, you can use a so-called car or motor vehicle loan. However, there are some things to consider, because as a consumer you have the choice of which lender you want to take out your car loan with. A car loan is not a special loan, a car loan is a special installment loan that is used to finance cars or motorbikes. As with the installment loan, you repay the loan amount in constant monthly installments. The question of car loan or installment loan does not arise. Unless you are thinking of car financing with an uncommitted installment loan. This is significantly more expensive because the bank lacks the safety of the car. Financing via the dealer is also possible. This usually contains a high final rate, as compensation the monthly rates are lower. A car loan , which is often characterized by lower interest rates , is a so-called " earmarked loan" that is paid off in installments. The earmarked buying a car with bad credit loan differs from a normal installment or consumer loan (for free use) primarily in that the loan amount can only be used to finance the investment specified in the purpose . The respective purpose is clearly defined in the loan agreement. How tight the earmarking is depends on the lender. A car loan does not always have to be used to buy a car. It would also be possible to finance a car repair or a conversion of a car in this way. It is important, however, that you precisely discuss the purpose with the bank when you conclude the loan agreement so that there are no nasty surprises. Comments are closed.
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May 2020
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