Car loan

Our car loan is not earmarked. You can borrow it freely for the purchase of a new car, used car or other motor vehicle. Car repairs or the purchase of car parts can also be easily financed with our auto loan.

Car loan: what people look for before buying a car

Car loan: what people look for before buying a car

The fast loan for your car

vexcash offers a car loan on fair terms and with flexible conditions. If you need a loan for a used car, choose your desired amount in our loan calculator and then fill out the application form. With the videoident procedure is then the convenient verification from home.

If all the requirements are met, the loan will be approved and paid out within a very short time. the loan amount is paid out in full and can be used to finance the desired car, whether new or used. The refund is made within 30 days. So you can pay off the car loan quickly and even save money in the process.

Advantages of a car loan from private sources

The advantages at a glance:

  • Fast processing within a short time
  • Credit even with average credit rating
  • Flexible repayment in one to six installments
  • Low interest rates thanks to short terms

the fast payout offers yet another advantage: with a favorable car loan from vexcash, the customer has the option of paying cash for the desired new or used car at the dealership. This often allows high discounts on the purchase price, which are not applicable if the customer opts for a dealer loan. Due to the flexible repayment options, there is also the chance to repay the car loan from vexcash much faster.

1. Fast and uncomplicated processing

The advantages of a small loan via vexcash are very diverse. Applications can be submitted around the clock and from any location, without taking a long time or having to overcome bureaucratic hurdles. Quite the opposite. For a car loan from vexcash are only a few steps required. If the customer has a sufficient credit rating, he or she receives a very fast and unbureaucratic approval. Unnecessary waiting times and long official procedures, which are common with bank or dealer loans, are thereby eliminated.

2. Low interest rates due to short terms

The effective annual interest rate for a car loan is 13.9%. At first, this does not necessarily sound favorable for a car loan. But the savings are due to the short term: if you take out a car loan in the amount of 1000 euros and repay it within 30 days, you only have to repay 1011.59 euros – the interest amounts to a low 11.59 euros.

3. Improved credit rating due to fast repayment

Long repayment periods for car loans quickly cause borrowers to lose track of their creditworthiness and at the same time burden their schufa score. the faster you pay off a car loan, the better it will affect your credit rating. Due to the flexible repayment options, vexcash gives you the chance to pay off the car loan within 30 days in just one installment. If required, repayment in two, three or six monthly installments is also possible. Vexcash is completely geared to your personal wishes and possibilities.

4. Payout even with average credit rating

Most car loans require a good schufa score. However, due to the low loan amount and the short repayment period, it is possible for you to obtain a car loan from vexcash even with an average credit rating. If you can prove that you have a regular income and additional collateral, we will even approve a car loan despite a negative schufa entry.

Requirements for a car loan for used cars

Basically, a favorable car loan for used car financing from vexcash is possible from 18 years of age. In addition, a fixed income of at least 450 euros should be proven. A residence in Germany as well as an account with a German bank are likewise necessary for the permission of a car loan.

Unlike conventional car loans, with vexcash you do not necessarily have to have a high schufa score. Due to our framework conditions for loans and with appropriate collateral, a medium schufa rating is also sufficient for the approval of a car loan.

Additional requirements for a successful car loan are the necessary documents, which are submitted after the application is made. This includes current proof of income and other collateral, as well as your ID card or passport for verification purposes.

If you meet all the requirements, you have a good chance of getting a car loan for used cars.

The requirements for a car loan at a glance:

  • Minimum age 18 years
  • Permanent residence in germany
  • Account with a german bank
  • At least medium credit rating
  • Proof of income and identity card

The car loan at your free disposal for your car

Since all instant loans from vexcash are not earmarked for a specific purpose, you are completely free to use your car loan as you wish. So whether you need money for a new or used car, pay off an existing car loan or just make a down payment on a new car, it’s entirely up to you. Even car repairs or the purchase of spare parts is possible with our car loan without any problems.

Take out a loan for a car – it couldn’t be easier

If you have decided to apply for a car loan, the process at vexcash is quick and easy.

Is a car loan without schufa possible??

Similar to a bank or dealer loan, vexcash will also take a look at your credit report when you apply for a loan to buy a car. It is advantageous if there are no negative entries.

However, this is not a condition. In contrast to other banks, vexcash can also grant a car loan if there are minor negative entries or if you only have a mediocre credit rating.

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