The cheapest car loan is not necessarily in the car dealership

In the past week, we have informed here in the blog on the subject of motor insurance. The focus of the article was the conclusion of the car insurance at the dealership. Increasingly, more automakers and dealers rely on the distribution of financial services. Customers should not only buy the car locally but also complete the right insurance. However, this service has its price: Often car buyers would be better advised to take out insurance with another insurer. That is why it is advisable to first compare and then commit.


But not only motor insurance is offered in car dealerships. The issue of financing has also become increasingly important – mainly because more and more cars are being financed. Meanwhile, about every second new car is financed. In addition, there is also an increase in financing for the younger used vehicles.

It is, of course, practical for the buyer if he has the opportunity to apply for the car loan directly from the car dealer. However, the situation here is quite similar to the insurance: Whether an offer is really good, can only be said, after making a comprehensive comparison. Therefore, nobody should act precipitously and sign a loan application in addition to the purchase contract. It makes more sense to obtain several financing offers and then to decide.

Of course, the car loan in the dealership can be the cheapest. With so many new cars the manufacturers wait with very attractive credit conditions. On the other hand, car banks are not always the cheapest. In the case of used vehicles, it is often the case that you can look at other providers on better terms – and even with new vehicles is sometimes given this opportunity. Consequently, you should always do a credit comparison (preferably online) to find out which bank offers the best car financing.

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