Buying a car without SCHUFA: a privately organized credit can be the solution.
For most owners, owning a car means not only personal freedom and independence. Often a car absolutely necessary, to get to work, do the shopping or take the children to school – especially in rural areas where public transport is inadequate.
The purchase of a new or used car, however, is usually a particularly expensive way to get to work big investment see. You can get a good mid-range model for around 20.000 euro. Such a large sum very few people can raise the money immediately. Car financing – for example, through a conventional car loan – is becoming increasingly popular.
In order to be able to finance a vehicle, however, you need to have the meet lenders’ requirements. these people want to make sure they are creditworthy. As a rule, banks& co therefore a SCHUFA information is. However, what happens if you have negative entries?? Do you then have to do without the new car, or you can take out financing for a car even without a SCHUFA report?
FAQ: buying a car without SCHUFA
as a rule, it is difficult to obtain a car loan without or. to obtain a loan with negative SCHUFA information, since most credit institutions assume that you will not repay the loan as agreed.
To purchase cars without a SCHUFA report, they can take out a loan with a private lender instead of a bank to finance their car purchase.
Yes, such offers appear again and again, but are usually unserious. The providers lure you with favorable conditions and unrealistic promises and often collect high fees even before a contract for the car financing is concluded.
What is the importance of SCHUFA in car financing??
Buying a car: financing is usually not possible without a credit check.
Before we get to the question of how you can buy a car without having to provide SCHUFA information, we should first look at the basics. When financing vehicles you can choose between different options.
This includes the classic installment loan, the balloon and the three-way financing. What all these forms of car financing have in common is that you can buy the car you want with the help of monthly installments and a possible down payment and final installment to pay off. If the last installment was paid at the end of the term, the car belongs to you.
you can get a car loan either from your house bank, a direct bank on the internet, a special car bank or directly from the dealer. However, lenders want to make sure they really receive all payments. For this reason the creditworthiness of the borrower – this is the financial reliability resp. solvency of a person – queried, before a contract for car financing can be concluded.
It is often not possible to pay for a car in installments without a positive SCHUFA report. But what exactly does SCHUFA do?? First of all, it should be noted that the acronym "SCHUFA" stands for "schutzgemeinschaft fur allgemeine kreditsicherung". According to its own data, the company has data of 67.2 million people and 5.3 million companies.
In the credit scoring process, the SCHUFA checks, how likely it is that a person will meet his payment obligations in the future. For this purpose, among other things, more detailed information on current loan and leasing agreements, to opened accounts, as well as credit cards stored. If you still have outstanding debts, you have the private insolvency filed or an affidavit is submitted, this will also be noted.
buying a car by installment: without a bank, but with a private loan
New car: paying in installments without submitting SCHUFA information incurs high interest rates.
Do you urgently need a new car, but the bank has rejected your credit application because you are not creditworthy enough?? In such a situation, many of those affected wonder whether the buying a car without SCHUFA information and credit check possible, so that you can still get a new car.
And in fact there are two possibilities. One of them is the personal loan for cars. Without a credit check is not possible, but depending on the provider flow here many different characteristics and not only the SCHUFA information with a. As a rule, information is requested from the company, but the granting of a loan is possible despite poor SCHUFA information, if other creditworthiness features make a good impression.
If you would like to buy a car without having to present a positive SCHUFA report, a personal loan is definitely a possibility. With such a loan if private investors finance their purchase of a new or used car, in return you receive interest. even with moderate creditworthiness you can finance a car this way.
Private loans you receive among other things via portals on the internet. There you describe your financing request – i.e. the car purchase – and private investors can then contact you. Keep in mind, however, that such portals usually offer charge a brokerage fee, when a loan is granted. As a rule, you can determine the term, the amount of the installments and the interest rates yourself.
If you receive a loan that allows you to buy a car without a positive SCHUFA report, you will benefit from an important advantage when you purchase the vehicle. You can act as a cash payer and pay for the car immediately. Many dealers grant in such a case special discounts.
Thanks to credit from abroad to the new car: installment purchase without SCHUFA
Buying a car in installments without submitting a SCHUFA report: a loan from abroad makes it possible.
If you would like to buy a car without submitting a SCHUFA report, you will usually have to contact lender from abroad – for example from switzerland – contact. There the SCHUFA is unknown, rather, the check is carried out on the basis of other characteristics.
You also notice here: it is therefore not possible to do without a credit check, finally, the lenders also need a security, if they lend money to a person. Mostly your income is therefore checked. as a rule, you must have had a regular income for more than three months in order for the foreign bank to grant the loan.
If you resort to a loan from abroad to buy a car without submitting SCHUFA information, you must therefore usually provide evidence of your income. Also bank statements are often requested. Furthermore, it is possible that the foreign bank may rely on further security there is.
This can be done salary assignment HIS. In such an assignment, the borrower transfers to the bank the right to contact the employer if payments are not made. the salary is then not paid to the borrower but directly to the lender. Another form of security is often the fact that the bank has to check the registration certificate part II (formerly called vehicle registration certificate) withheld, until the term of the contract has expired and the vehicle has been paid off. Only then will the important document be issued.
Unfortunately, the market is full of many black sheep, who want to exploit the predicament of many of those concerned. Therefore, if you would like to finance a car without SCHUFA information, you should, pay attention to the following:
- Avoid providers who demand fees even before the conclusion of a contract.
- Do not rely on non-binding statements on the term or the amount of the installments. Do not sign a contract for financing until you have all the necessary documents.
- Offers that unrealistic promises – especially favorable conditions – you should avoid these lures. Fraudsters are often at work here.
Conclusion – is buying a car without SCHUFA information advisable??
There are ways to buy a car without submitting SCHUFA information, but you should inform yourself well beforehand.
If you would like to buy a car without having to provide SCHUFA information, you have several options. This includes the personal loans and loans from abroad. However, in view of the often tempting offers, you should be aware of a few things.
First of all, you must expect much worse conditions, if you want to buy a car on installments without having to present a SCHUFA report. With the sometimes drastically higher interest rates the lender’s reaction to the low level of security, they offer.
The high interest rates increase the monthly installments, which is why many borrowers then take out a loan agree on a longer term. This also has a negative effect on the terms and conditions, and you will be tied to the car for longer. Furthermore, if you want to buy a car without submitting SCHUFA information, you should, always keep an eye on your finances. calculate in advance how much money you have available each month and compare it with your expenses.
In addition to the installments for the purchase of a used or new car, another sufficient buffer left over, with which you can cover any unforeseen costs that may arise. Otherwise there is danger of getting further into debt. When calculating the costs, do not forget the other costs that are incurred for cars. This includes insurance, fuel and vehicle tax, for example. You should also consider the loss of value of the vehicle.
If you want to buy a car without SCHUFA information, there is also the risk that you will end up with black sheep. Make around offerers, who make unrealistic promises or demand fees in advance, a big bow. Do not sign a contract before you have been provided with all the necessary documents.
