Car financing for students – these options are available
Financing a new car: possible as a student?
In many university cities, public transportation is well developed. A large number of students, however, would still like to do not do without your own car, for example to visit your parents or friends at the weekend.
In order to save money, many students live with their parents and commute daily to the university and back. An own vehicle means here independence and flexibility.
However, the purchase of a car usually goes hand in hand with a relatively high investment amount of thousands of euros, which young adults who are still in education usually cannot afford. A car financing, for example through a loan, seems to be the best option here at first glance.
But is it possible to finance a car as a student at a reasonable price?? What to consider if you have a finance a car as a student? What are the conditions for a car loan for students??
FAQ: financing a car as a student
banks or. Special car banks require certain collateral from their borrowers. This can include, for example, income. However, bafog, alimony or child benefit are not taken into account.
If you do not have the necessary income, car financing may be necessary. possible with the help of a guarantor.
With the financing alone it is not yet done, because also with the maintenance of the vehicle costs arise. this includes, among other things, the car tax and the liability insurance.
Financing a car as a student – what to bear in mind
Most students have an low income and have to manage their money well. A used or paying off a new car with an installment loan, sounds tempting.
However, the car financing as a student usually not possible without further ado. This is because the bank – for example, a car bank – requires collateral from the borrower. These include, among others, a regular income. Mostly about 1.000 to 1.100 euros per month required.
Car financing as a student – possible with a guarantor
With rates to the new car: the financing as a student is usually only possible with a guarantor.
If you would like to finance a car as a student, there is usually no other option than a guarantors with sufficient creditworthiness to find.
The latter commits himself to the lender for the fulfillment of the liabilities of the actual borrower vouch. If the monthly installments for the used or new car are not paid, the guarantor has to pay for them.
Another option is to third person as additional borrower appearance. This represents an additional security for the bank.
Before you take out vehicle financing, you should always have a guarantor compare loans, offered for free on the internet. This way you can find out if the conditions offered are really favorable and how many euros you will have to pay monthly.
Is car leasing an option for students??
leasing a car as a student, just like financing, is mostly not possible without further ado. leasing also usually requires a sufficient credit rating of the lessee.
Accordingly, either a third person as guarantor appear in the leasing or be included in the contract as a lessee.
I would like to buy a used car
but i am a student i get bafog and work minijob
You want to spontaneously take people with you in your car, but you can’t do it because it stinks in your car? To avoid such situations, it is important to remove odors from the car. you can find out how to do this in our guide to odor killers for motor vehicles.
If you want to sell your car, you have to decide whether you want to sell to a dealer or take the car sale privately in your own hands. Both variants offer advantages and disadvantages. First, however, you must always determine the value of your car. Our guide informs you about how you can determine the value of your car, what you should pay attention to in the purchase contract and how you can optimally prepare your car for sale in order to achieve a high price.
At night our eyes play tricks on us, which is why some drivers do not like to drive in the dark. our guide explains what makes driving at night so problematic and what you can do to get to your destination safely even when driving at night.
Buying a car is often very expensive and involves many questions. Is it worth buying a new car or can a used one also make sense?? And is buying over the internet a good idea? This guide provides an overview of the dangers involved in buying a car and what to look out for.
Moisture in the car can become a serious problem, especially in old models. Here you can find out which causes lead to wetness in the vehicle and how to combat them effectively. Last but not least, there are tips on preventive measures that can help maintain a dry and healthy climate in the car.
Snow on the car roof? Just scrape a peephole free? Let the car warm up? All this is a violation of traffic law and can lead to penalties in the cold season. Read here how to avoid winter fines, what measures you can take to make sure your car survives the cold season and how to winterize your car.
You do not have enough cash to buy a car? Then a car loan could be the best option for car financing. With a car loan you pay off the purchase price of your new car with monthly installments. But what do you have to consider when concluding a loan agreement?? We give tips to help you find the best and cheapest car loan.
There are many lovers of oldtimers, private people as well as professionals or whole workshops specialized in the classic cars. But restoring a historic vehicle requires not only passion but also expertise, time and money. Here you can find out what to look out for in a classic car restoration and who carries it out.
