April 16, 2019 Charles Corbin 0Comment

Those interested in a car loan without remark need a little flexibility and have to rethink frequently. The background: Such loans are available only from financial intermediaries and in rare cases by independent car dealers, but then on less favorable terms. The buyers and borrowers should therefore inform themselves in advance a little, because in the end leads to high savings.

Why is car loan without remark so difficult to obtain?

Why is car loan without remark so difficult to obtain?

This question is complex and our answer more or less hypothetical. The collateral provided by the motor vehicle letter is generally regarded as a tangible means. The borrower and owner of the motor vehicle is threatened that the bank moves in a repayment default, the vehicle. In the case of the cases, banks actually do so: The bailiff goes to fruitless reminder to the location of the motor vehicle and puts it with a “claw” (outer immobilizer) until the borrower grudgingly pays the outstanding rate. But what if he fails? Is the funds legally secure? Obviously not consistently: The owner of the vehicle has finally paid up to this time already a (often large) share of the vehicle loan, with which the vehicle has already successively passed into his possession. The further course is complicated: If the driver really no longer pay, the contract must be reversed, the holder must receive back his payments less depreciation and minus the administrative burden. He agrees to this only in case of insolvency, which in turn is partially repealed by the repayment. For people with financial problems who have been given a car loan without remark in advance, that should be even more complicated. Probably that is why such offers of “normal” banks no longer exist.

Car loan without remark: realistic optionsCar loan without remark: realistic options

There remain the two realistic options of a loan from the free (non-branded) car dealer and the financial intermediary. These two options are different, although the independent car dealer also relies on the cooperation of a financial intermediary. Customers sometimes go that route because it is simply more convenient. You have discovered the desired vehicle at the dealer, the dealer wants to sell, the customer wants to get everything from one source and can therefore be negotiated by the dealer a car loan without remark. The only advantage of this may be that the car may be slightly more expensive. The disadvantages are: A discount negotiation is usually excluded, also require most retailers for security, a deposit barely under 30%. In addition, the interest rates will not be low. It therefore makes sense for the customer, even with a financial intermediary to take a cash advance (possible a maximum of 5,000 euros). This will not be low interest, but the buyer can act as a cash payer at any dealer and negotiate a discount. Even for used cars this can be around 10%. Thus, the interest cost of the car loan could be fully covered without remark: The loan would be free for the customer.

Alternative to car loan without remark: car leasing without remark

Alternative to car loan without remark: car leasing without remark

There is the alternative of leash-free leasing, which is interesting for tax reasons, especially for business people. Here you can expect quite high sums, popular offers range between 10,000 to 25,000 euros. Car leasing without remark is intensively advertised and applies to dealers, banks and customers as easier to handle, because here the legal certainty is given from the outset: The vehicle belongs at any time to the customer, in a payment default, the collection of the car is not a legal problem. Car leasing without remark is a bit more expensive and is not consistently considered serious because some lessors demand a high down payment and only release the car at the end if the lessee additionally provides a guarantee. The corresponding clause is sometimes hidden in the small print of the lease. Should the lessee fail to find a guarantor after the special payment has been made, the leasing company could withhold the special payment and still not release the car. There were already such cases, they also stood up to a complaint of the customer. The car loan without remark therefore applies especially for private individuals as the much safer and in any case less expensive variant.

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