An antique is something very special: For example, this not only brings you a wonderful, beautiful piece of furniture, picture or something similar, but an antique is always a trip into the past. This is a piece of contemporary history that gives your home a completely different, noble ambience. However, antiques are not only quite rare, but also very expensive. If you want to decorate your own four walls with such a rarity, you have to reach for it in the regular low in your pocket. But with the help of a loan such an acquisition can be stopped.
When does one speak of an antique?
From a purely legal point of view, a piece of furniture that is at least 100 years old is an antique. However, there are more things to add, such as the rarity level.
Unfortunately, when an antique is really an antique is not exactly defined. From a purely legal point of view, however, it is such if the piece of furniture is at least 100 years old. However, it should be noted here that not only the pure age determines the value of the good piece. So it comes here in addition to many other things. These include, for example, the state in which it is located as well as the rarity level.
However, it should be noted that such a piece of furniture must not be restored or renewed over 30 percent ; otherwise it will no longer be classified as an antique.
Why buy an antique?
The purchase of an antique can be done for a variety of reasons. This includes, for example, that such a piece of furniture is usually also a coveted collector’s item.
Antiques are not only expensive but also old. So why buy such a piece of furniture, a clock or a picture, for example?
The answer to this question is very diverse. For example, an antique is an absolute peculiarity, something that not everyone owns. In addition, antiques delight with a magnificent look and are also able to “revive” the past, so to speak. Last but not least, these are often coveted collectibles.
Nowadays, it is often not desired or even impossible to equip the entire apartment with antiques. But individual pieces, as an example, are also wonderful in very modern facilities. For example, an antique here sets a very charming accent and in this way complements the existing furnishings.
It is best if the authenticity of the eligible antique is checked by a specialist.
But how do you even know whether it is really such an example of the impressive chest from the romance? For laymen in this field, it is usually not easy or even impossible to recognize the true value of such a piece.
Because of this, it is always advisable to consult a specialist here. This is especially true when it comes to a very high-priced antique. It is important that a sworn expert draw up an independent report . Because now exists a considerable number of sellers, who indeed advertise with “certificate of authenticity” but who, on closer inspection, are not worth the paper on which they were printed.
Finance antique with the help of a loan?
An antique can even be financed very well with a loan . For example, since this is a piece of furniture of high value, that will certainly give you many years of enjoyment, this is certainly a good investment.
The recordings of a loan should of course be well considered. Nevertheless, such a loan is well worth it to indulge in the often long-awaited antique.
In addition, for example, this is a piece of furniture that brings a certain value and is not bought every day. In addition, it is certainly a very long time to enjoy an antique.
Since antiques often cost not only several hundred, but also quickly over several thousand euros, it is certainly not surprising that a loan for financing is requested here. After all, you do not always have such a high amount of money in your checking account at your disposal. In addition, the savings are often not attacked for this, because it is held back, for example, as a “nest egg”.
Accordingly, a loan is usually a very good option to get to a magnificent antique.
In order to finance the desired antique, a classic installment loan is ideal. The repayment of the loan is made here in constant, monthly installments.
An antique is usually financed by means of a classic installment loan. As this is a loan that lacks its purpose, it can be used as desired.
The repayment of the loan is quite simply in constant, monthly installments. Accordingly, with such a loan very well planned and it must not be expected with any surprises.
The loan amount, term and installment amount are agreed by the applicant with the bank . Once the last installment has been paid by the borrower , the loan has been fully repaid.
However, in order for the banks to lend, the prospective borrowers must meet a variety of conditions. In addition to a good credit rating, this also includes a secure, fixed income. But even a positive report is very important. Furthermore, the banks usually also require a German checking account as well as a German residence.
Should it not be possible, contrary to expectations, to meet the various requirements of the banks. Then, for example, it is possible to take a guarantor or a second borrower. In turn, if the person in question meets the various requirements, lending is usually no more a hindrance. However, the guarantor or the second borrower should definitely bear in mind that he is responsible, as it were, for this. This means that if the borrower defaults, the individual must pay in full for the remainder of the loan . Accordingly, it should be carefully considered whether to intervene as a guarantor or second borrower .
Furthermore, before applying for a loan, it is advisable to take a close look at the different loan offers of various banks; because these often differ very clearly from each other. An excellent comparison option offers here the annual percentage rate, since this already includes all the costs that are incurred for a loan.