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Switch to your dream car now

Car loan – fast, easy,
flexible

SCHUFA-neutral comparison with immediate payment

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To the loan comparison

Calculate your car loan

With our free car loan calculator you can compare the costs of a bank loan with those of dealer financing. To do this, enter the purchase price, the amount of the down payment and a possible interest rate. Our car loan calculator will immediately show you how much money you can save with a bank loan via our comparison portal.

Please note that the terms and interest rates available at smava may differ from the loan calculator.

 
Cash discount
Interest rate:
Monthly rate:
Credit costs:
Bank loan
119,54 €
10,041.48 €
Dealer financing
143,01 €
12,013.18 €
With a bank loan you save:
1,971.70 €

Calculation example for a car loan via smava

One in three private buyers already finances or leases
Financing plays a significant role in Germany for both new and used cars. According to a population-representative study by the banking association from 2022, around 35 percent of all private cars were purchased through loans or leasing. Interestingly, the proportion for new car purchases is around 47 percent, while for used cars the financing rate is around 27 percent.
Source: Statista (2024)

Purchase price Down payment Duration Cash discount Interest rate Monthly rate Credit costs
20,000 EUR 2,000 EUR 60 20% 4% 265.20 EUR 15,911.88 EUR
20,000 EUR 4,000 EUR 72 20% 5% 206.14 EUR 14,842.31 EUR
30,000 EUR 2,000 EUR 60 20% 4% 412.53 EUR 24,751.81 EUR
30,000 EUR 4,000 EUR 72 20% 5% 334.98 EUR 24,118.75 EUR
40,000 EUR 2,000 EUR 60 20% 4% 559.86 EUR 33,591.74 EUR
40,000 EUR 4,000 EUR 72 20% 5% 463.82 EUR 33,395.19 EUR

The table illustrates how the down payment, loan term and effective annual interest rate can affect the loan costs. Please note that these are not specific financing offers. For your individual car loan, please use our non-binding online application

Especially when you are in financial difficulties, it is important to get the loan amount paid out quickly. With an online instant loan, you can complete all the necessary steps up to the loan conclusion online. This means that your loan application is reviewed particularly quickly and if you are approved, the money is transferred directly to your account. This means you do not have to use the expensive overdraft facility offered by your bank.


Quang Dung Ta Specialist for installment loans and banking products

How to click your way to your car loan

From data entry to credit approval in just a few clicks – that’s what our online application offers you. Here’s how to do it:  

Fill out the application form

To receive your personal loan offers, first provide various details about the loan you want. Specify   what you want to use the money for with the intended purpose . You can also specify your preferred loan term and the loan amount here . We can use this information to determine your personal offers. Loans with a wide range of loan amounts are possible via smava – depending on the lender, between 1,000 and 120,000 euros. You can also choose the terms flexibly (usually between 12 and 120 months). You can also enter a second borrower here. This can be a great advantage for the approval of the loan application if, for example, the loan amount is large. This is because additional income offers the bank more security.

Compare car loans

After you have entered all the information for the car loan comparison, you will immediately receive a personalized overview of offers. All of the car loans listed are tailored to your personal and financial requirements. You can see the terms and conditions of the offers at a glance, identify potential savings and thus make a comparison. Then simply select the car loan you want.

Complete financing online

You can take out your car loan with us completely digitally. If the loan is approved, you will benefit from a quick payout of your car loan. To conclude the contract online, use the video identification process via smartphone or PC, sign the contract with an electronic signature and send the required documents via document upload. If the loan is approved, the loan amount will be transferred promptly to your specified account.

3 steps to credit approval

Make a free & non-
binding loan request

Receive loan offers

Conclude a loan
agreement

Video: Car loan: How to do it right

Our credit expert Jason Raasch explains in our new explanatory video series on YouTube how you can save on a car loan. This is how you can:

Other car loan options

Balloon financing

With balloon financing, you initially pay back the loan in equal monthly installments. In most cases, no or only a very small down payment is made with a balloon loan. At the end of the contract term, there is a remaining amount that corresponds to the residual value of the car. The car buyer is therefore required to pay a final installment. Balloon financing is therefore also known as a car loan with a final installment. The big advantage is the relatively low monthly installments. However, a remaining amount must be paid at the end of the contract term.

3-way financing

With 3-way financing, you have various options at the end of the loan term. The first option is to pay a final installment, as described under „balloon financing“. The second option is to return the vehicle to the dealer to pay off the remaining debt. The third and final option for continuing to finance the car is follow-up financing. 3-way financing is therefore particularly suitable if you are not yet sure whether you want to keep the vehicle at the end or not.

Would you like to finance your dream car?

You can find affordable loans for every need using our loan comparison. You can simply submit your application online in just a few clicks.

Your advantages with a car loan

Cash discount

If you take out dealer-independent car financing , you not only benefit from good conditions. You can use the loan amount to pay for your dream car straight away at the dealer and benefit from a cash discount. This is often between 10 and 20 percent.

Car loan at top interest rates

With a dealer-independent car loan, you often get better conditions. Another big advantage is that you can compare different car financing options in advance. This way, you can find an offer that suits your requirements and offers favorable interest rates.

Take out a car loan at home

The entire process from comparing different loan offers to taking out the loan can be done online. This means you don’t have to visit a bank branch. Instead, after completing the online application, you will receive an overview of different offers for a car loan. This way, you can compare without obligation and take out the right offer from the comfort of your own home.

Earmarking enables low interest rates

By specifying a purpose, you can benefit from low interest rates on your car loan. The bank can register the vehicle as security and sell it if you default on payment. The proceeds can then be used to pay off the outstanding loan costs . This is why the terms for a car loan are more favorable than for a loan without a specific purpose.

Reasons for smava

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score.

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score.

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

SCHUFA-neutral & non-binding

SCHUFA-neutral

The mcmoney loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

The smava loan comparison has no influence on your Schufa score. With smava you can compare loans without any obligation.

Documents required for the car loan

Our credit expert Jason Raasch explains in our new explanatory video series on YouTube how you can save on a car loan. This is how you can:

McMoney customers report

Diese Voraussetzungen gelten für Autokredite

01

Volljährigkeit
Wer in Deutschland einen Autokredit beantragen möchte, muss mindestens 18 Jahre alt sein. Die Altersgrenze ist gesetzlich festgelegt.

02

Volljährigkeit
Wer in Deutschland einen Autokredit beantragen möchte, muss mindestens 18 Jahre alt sein. Die Altersgrenze ist gesetzlich festgelegt.

03

Volljährigkeit
Wer in Deutschland einen Autokredit beantragen möchte, muss mindestens 18 Jahre alt sein. Die Altersgrenze ist gesetzlich festgelegt.

04

Volljährigkeit
Wer in Deutschland einen Autokredit beantragen möchte, muss mindestens 18 Jahre alt sein. Die Altersgrenze ist gesetzlich festgelegt.

Written by Quang Dung Ta

Reviewed by mcmoney content team

Written by
Quang Dung Ta

Specialist for installment loans and banking products

Quang-Dung Ta, an experienced banker and senior key account manager at smava, has been working in the financial industry since 2016. Specializing in credit and financial products, he has in-depth knowledge of financial topics. His additional training at smava in the area of ​​installment loans qualifies him to convey practical financial content. His goal is to make complex financial topics understandable and to support readers in making decisions.

Contact: content@mcmoney24.com

Checked by
mcmoney Content Team

editior

The smava content team consists of experienced and competent professionals who carefully and conscientiously inspect and check articles on smava.de before they are published.

Contact: content@mcmoney24.com

Frequently asked questions about car loans

Akkordeon Inhalt

Our loan comparison portal gives you the choice between more than 20 lenders. You can apply for a loan either from a bank or from smava partners who arrange loans from private individuals. So you decide for yourself who you borrow money from.

What interest rate you get, what the maximum loan amount is and how long the loan is repaid depends not least on your own circumstances. It is therefore not possible to say in general terms what conditions are possible. In principle, the amounts range from a few thousand euros to six-figure amounts, depending on the smava partner. The terms can be between 12 and 120 months. The effective interest rate also always depends on the individual case. Interest rates of 3 or 4 percent are quite realistic for installment loans, depending on your income.

Those who are self-employed or freelance usually have fluctuating income, which is due to the order situation. For lenders, the risk of default is therefore higher than for permanent employees or civil servants, for example. However, our portal offers you a good opportunity to borrow money despite fluctuating income. Some of our partners arrange loans from private individuals. The framework conditions are flexible and the terms can be negotiated individually. The chance of approval is therefore higher for self-employed people than with a conventional bank loan.

An entry in the SCHUFA does not prevent you from borrowing money. Every consumer in Germany has a file with Germany’s largest credit agency. So there is always a score. This can be good, moderate or bad depending on payment behavior. A positive SCHUFA file is characterized, for example, by the consumer paying their bills regularly and not using the overdraft facility at their main bank very often or not at all. Only when the creditworthiness or credit score is below a certain limit will a loan be rejected or financing from service providers not be made possible. With offers via smava, you can borrow money despite a SCHUFA entry – but not without a check by a credit agency. This is because within Germany, every lender is obliged to subject potential borrowers to a credit check.

Other loan types from smava

smava offers many different types of loans. Whether for a car, debt consolidation or your business – there are cheap loans for every purpose. In addition, our loan offer is aimed at different groups of people. Whether employees, pensioners or trainees – use our loan comparison to find the right loan. Didn’t find what you were looking for on this page? Then you might be interested in:

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