In many cases, looking at auto loans in comparison leads to the perfect loan offer. With auto loans, almost anything is possible that is available to “tailor” a loan for a specific application. Effective interest rates can be reduced to 0% in some variants. A car loan can also be adapted to special requests regarding the repayment modalities. In the case of creditworthiness problems, property protection through the vehicle registration is a convincing argument for credit security for loans from private customers.
Use comparison offers – the auto loan comparison.
Comparing car loans to each other ultimately ensures a perfect, individual loan offer. For many people, when comparing loans, the focus is on effective annual interest rates. They say how expensive the loan is. All credit costs, apart from the voluntary credit insurance, are recorded in the annual percentage rate. If you only pay attention to this aspect, you will very quickly discover the new car financing of the dealer banks when comparing car loans. In special offers, for certain new cars, they are offered at an effective interest rate of 0%.
Whether 0% financing is really cheaper than outside financing, unfortunately has to be calculated in each individual case. Unfortunately, cheap financing is often only available with list price offers. Up to 15% cash discount is eliminated. Those who have saved a high down payment usually don’t pay off for these offers.
Balloon financing for car loans.
The balloon financing model is interesting for people who expect a payment from savings contracts within the next few years. Balloon financing makes it possible to have low, constant running rates. Only the last rate, the completion rate is extremely high. If it is planned to coincide with the payment of the savings contracts, balloon financing is a useful loan option.
This financing is offered by various providers and is possible for the car loan comparison for new and used cars. If you are unsure whether you want to keep the vehicle permanently, the three-way financing is an option. The three-way financing works like balloon financing, but at the end of the term you have three options. You can pay the launch rate or refinance, but you can also return the vehicle to the dealer.
The car loans in comparison – the providers.
Vehicle financing is offered by car dealers as well as by local providers or online on the Internet. No one can advise a particular lender, the offers have to be considered individually in a car loan comparison. Comparing car loans online is particularly easy. The preliminary loan approval also provides the necessary planning security. If the credit rating is not so good, Good lender loans and personal loans offer a good alternative to German credit institutions. Car loan comparison is also possible with these offers.