A new car can be necessary for many reasons: Is it no longer worth repairing your old vehicle? Do you need a reliable car to commute to work? Or do you generally value always driving a modern car that offers all the comforts and therefore change cars frequently?
There are many things to consider when buying new and used cars. Above all, this also includes the question of how the often large investment sum should be raised. Many car buyers are unable to raise the money they need in one fell swoop. In this case, car financing is an option. The car loan is extremely popular here. But where can customers get a car loan, and how does it differ from other forms of car financing? What to consider when you compare car loans together? Is there also a used car loan? Does the bank keep documents as security?
CAR LOAN: IN A NUTSHELL
WHERE CAN I GET A SUITABLE CAR LOAN?
To find a suitable loan, you can use our free car loan comparison.
Where can I get a car loan?
You have different options for applying for a loan. Your house bank should be the first point of contact. But there is also the possibility of having the financing run through an automobile bank.
What are the criteria for a cheap loan?
Here you get a detailed overview of which points you should attach particular importance to in a car loan.
The car loan and other types of car financing
The loan for the car purchase allows you to pay off a new vehicle with monthly installments. You don’t have to pay the purchase price in cash all at once.
In most cases, you first have to make a down payment, the amount of which can vary.
Remember: the more considerable the amount you pay down, the lower the monthly payments will be.
Of course, the interest rates are to be considered with the car loan. After all, a loan is a service, and it has to be paid for by the customer. The influencing factors here also include the borrower’s conditions.
