Car finance – 8 banks in comparison

We recently informed about the benefits of a cash payment in the contribution savings opportunity with credit for car buying and clever negotiation. Car loan at Auto Credit is one of the top 3 lending events, so we always strive to negotiate attractive terms with our partner banks so that our customers can finance their new car at very low interest rates. In this post we give you an overview of our current offers.

Car finance with our partner banks

Car finance with our partner banks

If you want to finance your new car, you should first check whether an installment loan or leasing is suitable. To help you with your decision, read our guidebook article Car financing: Leasing or credit – what is cheaper? In any case, when making a loan, an individual comparison should first be made. The above chart shows the general data of the respective financing offers at Auto Credit. In order to receive a personal offer, we recommend using our non-binding and free credit comparison.

1. Bank of Auto 

1. Bank of Auto 

Our newest co-partner in car loans is the Bank of Auto, read more about the collaboration in the blog article The Bank of Auto Car Loan – Now New at Auto Credit. The Bank of Auto is a worthwhile addition to our offering, as we can now also provide auto-financing to borrowers on fixed-term contracts. In addition, special repayments are possible at any time free of charge and even in the event of early redemption, no prepayment penalty must be paid to the bank.

2nd Cargo Bank 

2nd Cargo Bank 

In addition to the usual banking services, Cargo Bank offers a variety of loan offerings, including car finance. In 2014 she was awarded the title “Fairste Bank” by the German Association for the Protection of Securities (DSW). Special repayments are allowed free of charge up to 80% of the loan balance. Risk hedging is possible if required and no household allowance is included.

3. Get Car  

3. Get Car  

Get Car is a proven Autobank of the brand Santander and cares for their customers exclusively over the Internet. Due to their specialization in the granting of car loans, automotive banks can achieve particularly favorable conditions. A minimum deposit is not required and all income groups can avail themselves of an offer of Get Car . Borrowers of this bank benefit from a flexibly shiftable payment date and the possibility of risk hedging.

4. Easy CAR 

Easy Car has proven itself as Germany’s third-largest retail bank, also at Auto Credit. She wins the award of the business magazine “Euro” as the “most popular bank 2013” in Germany. Self-employed workers and probationary workers are welcome at this provider. Special repayments as well as the increase of existing loans are possible at any time free of charge. In addition, borrowers may keep their vehicle documents, but must submit a copy of the purchase agreement.

5. Best Car Bank 

Best Car Bank is one of the largest retail banks and subsidiary of Deutsche Bank. Last year she chose the computer magazine CHIP as the best “online bank 2014” . Civil servants, pensioners and employees who have been employed for at least two months can take out a car loan with Best Car Bank. There is no maximum age limit for retired borrowers. Special repayments of up to 50% of the loan balance are possible with this provider, as well as the increase of existing loans.

6. Credit Car Bank 

6. Credit Car Bank 

With Credit Car Bank, we look after a partner who, as a member of the German Banking Association, has committed himself to complying with the Code for Responsible Lending. Loans are granted only to officials, retirees and employees who have been employed for at least three months. At this bank, special repayments are possible at any time free of charge , which promotes the rescheduling of legacies in times of low interest rates. In addition, the number of debt rescheduling loans is fully possible and, if necessary, a risk cover can be agreed.

7. Car bank 

7. Car bank 

Car Bank has been part of Auto bank since 1999 and specializes in real estate financing. Particularly flexible conditions for private and auto loans characterize this provider, as well as the possibility for follow-up financing. Civil servants, retirees and permanent workers can benefit from Car Bank’s credit protection , which allows them to adjust the interest on their loan variably to their financial situation should an unforeseen event make repayments more difficult. Furthermore, the risk coverage is possible, as well as the option to postpone the payment of the loan by up to 90 days. In addition, customers can borrow up to a maximum of seven debt rescheduling loans.

8. Auto Bank 

8. Auto Bank 

The Auto Bank is a direct bank, which can offer its customers particularly attractive conditions with the renouncement of an expensive branch network: Offers at unbeatably favorable interest rates and the disbursement within only two days after receipt of the loan application. Auto Bank also scores with free special repayments , unlimited debt rescheduling and the possibility to increase existing loans if the loan amount is insufficient. Risk hedges are possible if required. A big advantage with this lender: the innovative online legitimation as an alternative to the PostIdent procedure. Thus, the entire credit process is as time-saving and convenient as never before.

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