You have your sights set on a new dream car? but at the moment you do not have enough money to pay for it completely out of your own pocket? No problem! Whether it’s a new or used car, there are usually plenty of low-cost financing options for cars. Why this is so, which credit suits you well and what you should pay attention to, you will learn here!
Your benefits at MONETOS
- With MONETOS you will find your optimal car loan!
- With our credit comparison you can easily find really good offers for you.
- As soon as you have found a suitable credit, you can conclude it quickly and easily online.
- You are not quite sure? Or do you have any other questions? No problem, our advisors will be happy to answer all your questions personally. Just call MONETOS at 0800 2233002 mo-so from 8-20 o’clock!
That’s why car loans are particularly favorable&
Good news first: car loans are earmarked for a specific purpose and are therefore more favorable than normal installment loans. Why? Earmarked means that you can only use the loan to finance your new car, not a new couch, new equipment or a new TV. To be on the safe side, the bank usually wants to receive the registration certificate part II (vehicle registration document) of your car as a pledge in order to absolute emergency (you do not pay back the loan) To be able to sell your car. This should not worry you. Because with this security, the bank can offer you lower interest rates.
So you get the right car loan&
You have already chosen your dream car? You don’t know which one is the right one for you with all the loans on offer? No problem! We have the solution for you – the car loan calculator from MONETOS. Sit on the couch and get your loan tailored to your needs. All you have to do is enter the amount, the desired term and the purpose of use. And you will receive a list with top offers.
Now to the top car loan
Compare on MONETOS
You are already interested in an offer? Then click on "continue" to learn more. You can make a free and non-binding credit request by providing your personal data.
Pay attention to the purpose! &
Choose between "used car" or "new car" and get an extra cheap loan!
❗ these two tips will make your loan even more favorable ❗
You have decided to take out a loan? Perfect. But before you finalize your loan, here are two important tips for you:
Tip: second borrower
If you register a second borrower, for example someone from the family, then the interest rate of the offer is improved. the reason is that the bank now has a greater certainty that it will really get its money back on time. You and the second borrower are both equally liable for the loan amount.
It is also advantageous if you include a guarantor in the contract. The guarantor steps in in an emergency, if the borrower, so you, the debt can not repay. The bank has a great security to get your money back. That is why it gives you favorable interest rates.
improve your credit rating: how to improve your credit score
Another factor that influences the interest rate is your creditworthiness, i.e. your credit rating. Before a loan is taken out, the bank asks for data about your payment history. Logical, they want to make sure that you will pay back the loan. So in plain language, the more positive data you have, the lower your interest rates will be.
Negative notes lower the credit rating. These are given when bills are not paid after several reminders, or the bank cancels a loan because the installments have not been paid.
A negative entry will always, z. B. In a reminder, announced.
With these 4 tips you can improve your credit rating! &
- Do not overdraw your current account. It should be permanently in plus.
- Always pay your bills on time.
- Always pay your loan installments on time.
- Use as few as possible and cancel unnecessary accounts – no matter if credit card accounts, savings accounts or current accounts.
Now to the top car loan
Compare on MONETOS
Take out a fully digital loan
You would rather hang out with your friends in your free time? Play sports or go out to party? There is little time to run from bank to bank and compare loans. Why should you do that at all, when it is much easier with MONETOS?!
In order to have an overview of your finances, the bank needs information about your income and expenses. Before there was the account view, you had to send these documents laboriously by mail. With the account view you grant the bank a a one-time view of your online account statements. This feature saves you days to weeks and you have your money mega fast!
You only need to log in once to grant the bank access. Don’t worry, the account view is ultra safe for this purpose. If the bank is satisfied, nothing stands in the way of the loan. So you’re on the straight to your new dream car!
You have an approval for a loan at the bank? Perfect. Then you only have to identify yourself. you don’t want to go to the post office bank? Long queue and crappy opening hours! No problem, also this step goes online. With the videoident you can do it by videocall. So all you need is a smartphone, tablet or laptop with a webcam, and a valid passport or ID from you and of course yourself.
You’re about to get it! the final step is of course your signature. Even that is fully digital. You can simply sign the credit agreement on your smartphone or your ipad. The digital signature replaces the signature, you usually handwrite under a contract.
And ready! All steps have been taken. And everything 100% online! As soon as the money is there, it’s time to get off the sofa and get to work your new car.
➡️ that’s why the loan at the dealership is TOO EXPENSIVE
The dealer or. Car dealer has offered car financing with low interest rates? You want to drive off in your car right away? Now it is briefly nen cool head keep. What looks like attractive financing at first glance could look quite different when you take a closer look.
Imagine you buy a car for 20.000 euros. The dealer offers you financing for the car – with 1.2 percent interest. However, because of the favorable interest rate, the dealer is not willing to depress the purchase price of the car. Now you have to pay attention. For many dealers offer a cash discount. So if you want to spend all the money, in that case 20.000 euro from the bank you can pay the car immediately and get a fat discount for it!
The car dealer probably does not expect such a young buyer to have saved enough money to pay cash. But he didn’t think about the fact that you can use your smartphone to carry out a free credit comparison at MONETOS in no time at all. There you will find another bank that would give you the money for 1.5 percent. Use a car finance calculator to see what your costs would be. The comparison will show you this result: