From the title you can almost imagine that it is the car loan without is a separate loan , which is also to get a bad information . This is simply because the banks pay attention not to the information, but rather to other creditworthiness features when processing corresponding car loans .
From the title you can almost imagine that it is the car loan without is a separate loan , which is also to get a bad information. This is simply because the banks pay attention not to the information, but rather to other creditworthiness features when processing corresponding car loans.
If your car loan application has been rejected by a bank as unacceptable, then there could be all sorts of reasons for it. For example, many banks are not reimbursing loans to the unemployed, self-employed and self-employed. Likewise, it can happen very easily if you are not a German citizen and have no valid and permanent residence permit in Germany at your disposal that a loan application is not approved. An unacceptable score ( voucher) or a household bill, which a Bank shows that the loan applicant can not really afford the car loan in their view, is in many cases the reason for the rejection of a car loan.
If a car loan application is not reimbursed because of bad creditworthiness it makes a lot of sense to include a second borrower , as a guarantee , in the car loan application . This person can be friend, mother or grandma. The individual should only have sufficient income to prove. He is fully liable for the loan, as is the claimant. Also, a very important role in the credit decision of the banks is the level of risk of a loan default. A second person as an additional borrower reduces the risk for banks enormously and the chance of getting a car loan offer will rise considerably.
In the case you want to take out a car loan without , it is mainly important that you are able to prove that you have a long-term income. Because that’s what banks value the most. Finally, an existing and regulated income is a guarantee or justification that the borrower can repay the car loan without any problems. It is therefore of great advantage that you can show an employment relationship, which should normally exist for at least six months.
What you should absolutely know about important requirements for a -free car loan is that it is important that the level of debt is not too high. Too many loans should not exist. In addition, it is clear that banks need security . In the case of car financing, the motor vehicle is always used as collateral at this point, which should mean for the time being that the banks retain the vehicle registration.