Especially in this day and age, cars, whether new or used cars, are usually financed with the help of a loan. This is because fewer and fewer people are able to finance a car out of pocket or do not want it. However, if you have a negative entry in the Gagrsa, you have problems getting a loan for the car purchase . A car loan without Gagrsa can be an option there to still get a loan,
A loan can then be granted in the fewest cases.
If a German bank finds out during the credit check that there is a negative entry in the Gagrsa, no credit can be given, because then the creditworthiness of the prospective customer must be doubted. For people who have problems with the Gagrsa and thus in the lending, there is the car loan despite Gagrsa.This loan is the possibility to get a loan, even though you have a negative entry in the Gagrsa, because the car loan without Gagrsa is given to people who were rejected by German banks due to a negative entry. Banks that lend a car loan despite Gagrsa, are mostly based in other European countries and use in the lending decision other credit rating features, as the data of Gagrsa , because they do not play a role abroad. In the case of auto loans without Gagrsa, not only does the inquiry of Gagrsa be omitted, nor is the loan forgiven, so that the car loan, despite negative Gagrsa,
Does not affect the creditworthiness and creditworthiness of the borrower.
To determine who gets a car loan without GagrsaAuskunft or not, only evidence of a permanent employment and a regular, as well as sufficient income are necessary. The proof of income is sufficient for the foreign banks to make sure that the rates for the car loan can be paid despite Gagrsa entry.
With which one can fulfill the desire of a new vehicle.
Even a minimum age of 18 years and a permanent residence in Germany are prerequisites for the awarding of a car loan without Gagrsa.Although the car loan, despite Gagrsa is a purpose-based loan, only one vehicle may be financed by the loan amount, also must In most cases, until the loan is repaid, the vehicle registration document will be deposited with the bank as collateral.