Anyone looking for a car loan needs a good credit rating and a salary that is sufficient for the rates. However, if the credit bureau has stored negative entries about the customer, the credit is denied. Only it behaves so that the car is needed for professional reasons. Without a loan, the affected employee has bad cards. However, there is hope for a car loan without credit bureau and down payment.
Car financing from abroad
Already many credit requests have been fulfilled abroad. This is because, in contrast to Germany, the credit bureau plays no role in the credit decision. Accordingly, it is not queried. If the relatives or friends can not help out with a car loan, then the only way is to go abroad.
Nevertheless, the borrowers have to prove collateral. Unlike the entries in the credit bureau foreign banks want to see an indefinite employment relationship. If the employee also has a good income, which is above 1100 euros, then the chances of a car loan without credit bureau and down payment increase.
A down payment does not have to be made. Anyone who hires an intermediary must pay a commission on a successful loan. That is perfectly legitimate. A down payment on the loan does not have to be made. However, one should know that the loan amount is limited to an amount of 3500 euros. Who can prove a net income of 1600 euros, gets a loan in the amount of 5000 euros.
Even save money with it
A car loan without credit bureau and down payment also helps to save money. For example, if the car costs 3500 Euros, the purchase price will be reduced in cash. The loan amount from the foreign bank is transferred to the account of the borrower. Thus, the car buyer can pay the car in cash and receives a hefty discount. How much the car buyer can save is a matter of negotiation.
With a bad credit bureau it is difficult to get a car financing in Germany. It remains only the way abroad. The car buyer has to compromise when choosing the vehicle, but a cheaper car is better than none.
There are no large selection possibilities of the banks, because there is only one financial institution, which may lend this credit bureaubreien car loan to German citizens. This requires a license that only this bank has. Who wants to apply for this loan, can hire an intermediary. However, it is also possible to apply for the loan from Sigma Bank in Liechtenstein. A request for a loan is not associated with pre-paid costs.