If you are older, many banks will lower your credit rating across the board. Despite a good pension, credit rejections are not uncommon. However, with the transfer of ownership as security in connection with a car loan as a pensioner, the bank’s risk decreases in comparison to the free installment loan. In the negative case (death – yes unfortunately banks tick so) is as a countervalue the car in the possession of the credit company.
Page content:
Apply for a
car loan online at the bank
and buy the new car with discount!
Tips for obtaining a car loan:
Even if you think you can afford the loan payments, loan cancellations are not uncommon. To avoid this, some tips for the application.
- Choose a short term.
- compare the interest rates of the providers.
- secure the car loan with a guarantor if necessary.
- A co-applicant (loan in pairs) increases the chances of approval.
- Take out residual debt insurance!
over 65 year olds already make up a large part of the german population. As a result of the demographic development, this trend is continuing. Due to the higher life expectancy with good health, the need for mobility. To drive your own car, to be able to make your own appointments, trips and vacations is a quality of life you have come to love. The same goes for riding a motorcycle. Also the purchase of an own camper or. Motorhome is a dream long cherished by seniors. But how to finance a new or used car, motorcycle or motor home in old age??
Advantages new car
- High resale value
- Minimal repair costs
- Car insurance cheaper
- High discounts on purchases
- Very favorable financing
Financing a new or used car with a loan?
In old age, economical and comfortable small cars are usually sought after. New cars or annual cars are also sought after by pensioners, but often cannot be financed from the pensioners’ savings balance. The advantages are the long term new car warranty combined with minimal maintenance costs in the first few years. In addition, new cars can be financed more cheaply.
If you decide to buy a young used car, you should pay attention to the used car warranty make sure the car is in good technical condition. German cars have a higher value stability and can be resold well. Don’t be afraid to ask your son, grandson or a friend to help you buy a used car.
Car loan often with security transfer of ownership, what is that??
The bank of scotland, postbank but also easycredit offer special car loans. What is the difference to the free installment loan? the purpose of use is limited to the purchase of a car. Although the loan amount is transferred directly to your checking account, you have to pay it back within a certain period of time (postbank z.B. 6 weeks) prove the purchase of the car. The car also serves as collateral for the bank.
The bank requires the vehicle registration certificate and a contract of transfer of ownership as well as the purchase contract in copy. Car loans are secured by the car and are therefore sometimes cheaper than a free installment loan.
Finance a new car directly at the dealership?
Once you have decided on a new car, don’t be afraid to get involved credit offer from car dealer make. Interest rates are usually very low, with some offering 0% financing. The probability to get directly through the car banks (audi, BMW, VW, Ford and many others have their own banks) as a pensioner credit are good. You must submit and receive your pension notice usually a loan approval without any problems. As a security serves the bank still the car itself.
Even if financing through the dealership should be 1-2% cheaper. A cash discount of 10-15% saves even more money!
High discounts on cash purchase with borrowed money from free installment loan.
Very clever and our tip. Try as a pensioner or retiree to get a free installment loan at a bank. Due to the low interest rates are also the loan rates currently very favorable. Together with your own capital you can buy at the car dealership a substantial cash discount knock out. You act as a cash payer vis-à-vis the seller. All in all, this is the cheapest way to finance your new car. The disadvantage of a free installment loan is the fact that it is more difficult to obtain, since the car is not available as collateral. In the event of rejection, however, you can still try to obtain a car loan z.B. To be obtained at the dealership.
Car leasing pays off?
If you do not have a company and tax aspects are not important, you should refrain from leasing a car as a pensioner. Sure, the rates are tempting, but returning the car at the end of the leasing period is a problem. If there are only a few scratches on the car, you will be charged for the repair at the garage. Also, the mileage limits associated with leasing can not always be respected.
Car loans experiences and reports from customers
Currently available to the editorial team 50 reports / experiences to car loans before. Bank and credit terms were averaged with∅ 2 stars rated (max: 5 , min: 1 ).
Too many negative reviews? Unfortunately, customers often write only to problems and let their anger run free. In order to get an objective evaluation, we ask you, even if you are satisfied, to write a small report!
50.000 euro for mobile home – fast and uncomplicated
We have on monday evening for the purchase of our new mobile home at the postbank a loan of 50.000 euro applied for, with redemption of the old financing with consorsbank. The application was easy to understand and simple to fill out online. Already after not even 2 minutes, the online approval. Then the requested documents (wage statements ext.) scanned and uploaded online. After a short telephone enquiry the next day, I asked for the redemption amount from consorsbank and sent it by fax to postbank. On thursday only an email the money is paid out and 2 hours later already on the account. we got a super interest rate 8 percent less than consors. Fast accessibility by phone of the friendly customer advisors.
We have on Monday evening for the purchase of our new motorhome at the postbank a credit over 50.000 euros applied for, with redemption of the old financing at consorsbank. The application was easy to understand and easy to fill out online. Already after not even 2 minutes the online confirmation. Then the desired documents (wage records ext.) scanned and uploaded online. After a short phone call the next day I asked for the redemption amount of consorsbank and faxed it to the bank.
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Financial striptease
My application for a car loan in the amount of 7.000 euro was incorrectly processed by having my monthly pension amount incorrectly written into the application by an officer of the credit bank. In addition, my wife’s pension was not taken into account, so she was asked to perform a real financial striptease. In addition, our house financing was to be proven to the smallest detail. These are all unacceptable practices and from my point of view really completely inappropriate. I think customers should be very careful with a loan at the postbank! I can not recommend the bank in this regard, especially since they like to use my monthly balance – beyond the pension!- in the three-digit range gladly manages.
My application for a car loan in the amount of 7.000 euro was processed incorrectly in that my monthly pension amount was written incorrectly in the application by a servant of the credit bank. In addition, my wife’s pension was not taken into account, so she was asked to do a real financial striptease. In addition, our house financing was proven to the smallest detail. All this is unacceptable practices and from my point of view really completely una.
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postbank autokredit experience report #48 by hans halig on 07.01.2021
1
Increase refused
Wanted to increase my car loan today. A few days ago I was told on the phone that it would work. They even told me the new monthly rate. I was told to do it online as it was faster. Did everything and it was rejected online. I then wanted to know the reason – but was not told. Am years long customer of diba always paid on time, no negative schufa nothing. Simply outrageous!!Will pay off my loan as soon as possible. This is how you scare away your customers!!
Wanted to increase my car loan today. A few days ago they said on the phone it goes. They even told me the new monthly rate. I was told to do it online as it was quicker. Did everything and it was rejected online. I then wanted to know the reason – but it was not told to me. I am a longtime customer of diba always paid on time, no negative schufa nothing. Just plain rude!!I will pay off my loan as soon as possible. How to scare away.
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ING autokredit experience report #47 by kim eberle on 22.10.2020
1
False statements during telephone consultation.
The further financing of my car did not work out. All payments have always been made and there is also sufficient net income on my part. I have spoken to 10 different advisors on the phone. A consultant told me I should pay 1000.- transfer euro and the financing goes on. The payment in the amount of 1000.- euro was transacted to enable further financing. The financing was then rejected anyway. After that I bought the car out. The left hand does not know what the right hand is doing. I advise against consors finanz.
The further financing of my car did not work out. All payments have always been made and there is also enough net income on my part. I have talked to 10 different advisors on the phone. A consultant told me I should pay 1000.- transfer euro and the financing continues. The payment in the amount of 1000.- euro was made to continue financing. The financing was then rejected anyway. Then I bought the car out.
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consors finanz car loan experience report #46 of U. Clasen on 13.08.2020
5
Recommendation for motorcycle loan
Customer for two years. Motorcycle financing at the best price. I would recommend at any time.
ING autokredit experience report #45 by kemmy on 31.07.2020
5
Car loan received
I am a pensioner and have bought a new car. Partially financed with santanderbank. Absolutely no problems. Just like with the previous car.
Santander consumer bank car loan experience report #44 by siegmund krytzek on 03.06.2020
1
No car title
I have not experienced such a bank as consors finance, for 2 weeks I am fighting for my car letter although everything is paid I always get different information for example this morning "everything okay letter is sent." and this afternoon "there is still an outstanding amount therefore the letter is still with us" and this has been going on for two weeks as already mentioned.
Consors finanz car loan experience report #43 by jo333de on 15.04.2020
1
No car loan – too old?
Car loan over 7000 euro for 48 mon. Did not get. Fixed good income, since 40 years the same company, no schufa entry. On call no information, possibly. Problem that I have in 30 mon. I retire.
ING autokredit experience report #42 by volker on 02.04.2020
5
Satisfied with car financing
We were very satisfied. A m the phone we have always been treated nicely and well informed. The remaining balance
was transferred immediately. The car letter was also in the mailbox the next day.
Consors finanz car loan experience report #41 by alessandra on 12.03.2020
1
Vehicle registration without third user agreement.
I have taken out a small loan to buy a car. The new car has been parked on the street for almost three weeks, unregistered, uninsured and without a license plate. I have been waiting for weeks for the vehicle registration certificate to reach the registration office. After 2.5 weeks it happens, but without the third user agreement. Several more calls without success. In the end, I paid the loan in cash in full at a branch office.
I have taken out a small loan to buy a car. The new car has been parked on the street for almost three weeks, unregistered, uninsured and without a license plate. I have been waiting for weeks for the vehicle registration certificate to reach the registration office. After 2.5 weeks happens, but without the third user agreement. Several more calls without success. In the end I paid the loan in cash in one branch. .
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santander consumer bank car loan experience report #40 by volker-KM on 26.02.2020
5
16.000 euro car loan – no problems
No problems at 16.000 euro car loan. I have my giro account there. On 23.02.2020 applied online, a short time later this video identity check via DHL. Short time later forms downloaded. On 24.02.2020 signed and sent by registered mail to ING-diba, today on 26.02.2020 17:00 the money is on my account. Single, ca. 2.500 euro monthly salary. Thank you ING
No problems at 16.000 euro car loan. I have my current account there. On 23.02.2020 applied online, a short time later this video identity check via DHL. Short time later forms downloaded. On 24.02.2020 signed and sent by registered mail to ING-diba, today on 26.02.2020 17:00 the money is on my account. Single, ca. 2.500 euro monthly salary. Thank you ING.
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ING autokredit experience report #39 by diana on 14.02.2020
1
Good credit rating and yet no credit
We have applied for a car loan. After preliminary first very good assessment came a few days later the rejection. Of course, as with most here, without naming specific reasons.
It was explained that the decision was not made on the basis of a single characteristic, but rather on the basis of an overall assessment of the points listed below:
The experience from previous credit transactions
Information that we u.A. The SCHUFA informs
Your information in the credit application, z.B. On the professional or income situation
all this together has resulted in: unfortunately, we cannot realize your credit request. We are very sorry that we can not meet your expectations in this case.
I’m really flabbergasted, because with a really very good monthly income, a default risk of 1.26% reported by schufa, and a very good credit rating. And a permanent job, which I have been doing for more than 10 years, I am apparently not good enough.
We do it the other way around now. from now on diba is no longer good enough for us.
We have applied for a car loan. After a preliminary first very good assessment, the rejection came a few days later. Of course, as with most here, without naming specific reasons.
It was shown that the decision was not made on the basis of one feature, but the overall review of the following listed points led to this:
The experience from previous credit transactions
Information that we u.A. The SCHUFA informs
ING autokredit experience report #38 by anonymous on 14.01.2020
1
Increase rejected
Since 2017 there with a car loan customer. The loan was always paid off on time, without there was even a chargeback.
Now the credit should be increased, preliminary check positive, creditworthiness confirmed by salary statements and residential property is available as security. Even on the phone it was said "all documents are complete, the preliminary check is positive – now only the data will be compared, do not worry about it?"
Within 24 hours came the rejection. reasons are not mentioned. Even when asked, there is no justification. It literally says ?Not a single reason, but the sum of the results of the audit? Empty promises and sample forms to turn away his customers. The existing loan will be paid off as soon as possible.
Since 2017 there with a car loan customer. The loan has always been paid off on time, without even a chargeback.
Now the loan should be increased, preliminary check positive, creditworthiness confirmed by salary statements and as collateral is residential property available. Even on the phone it was said "all documents are complete, the pre-screening is positive – now only the data will be matched, do not worry about it?"
Within 24 hours came the ab.
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ING autokredit experience report #37 by anonymous on 14.01.2020
1
Increase not possible
Since 2017 there with a car loan customer. The loan was always paid off on time, without there was even a chargeback. Now the loan should be increased, pre-screening positive, creditworthiness confirmed by salary statements and as collateral is residential property available. Even on the phone it was said "all documents are complete, the pre-audit is positive – now only the data are compared, do not worry about it."
Within 24 hours the cancellation came. Reasons are not given. Even when asked, there is no explanation. It literally says "no single reason, but the sum of the results of the audit". Empty promises and sample forms to get rid of customers. The existing loan will be paid off as soon as possible. Do not want to have anything more to do with this bank!
Since 2017 there with a car loan customer. The loan has always been paid off on time without even a chargeback. Now the loan should be increased, preliminary check positive, creditworthiness confirmed by salary statements and as collateral is residential property available. Even on the phone I was told "all documents are complete, the preliminary check is positive – now only the data will be compared, don’t worry"."
Within 24 hours, the letter arrived.
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ING car loan experience report #36 by jorg R. On 19.12.2019
1
Trouble with the letter
I had a vehicle financing with this "bank", that should be paid by the buyer of the vehicle. Sounds simple.
The telephone contact to get to know the redemption amount was not possible, there were always only references to the website, on which, according to the opinion of consors, all questions would be answered. So I filled out the contact form.
2 weeks later the redemption amount was sent by letter!! Notified. It also said that any remaining balance will be transferred to the account from which the installments were previously debited. consors told me that the car letter could be sent to the buyer if we faxed a power of attorney signed by the buyer AND the seller. Done, although not quite easy with 2 signatures.
At the handover of the vehicle the redemption amount was transferred. A week later I received a letter telling me that I had a credit balance and that I should now give the account number to which the credit was transferred. Done, although. What was in the first letter? Never mind, it’s just consors.
The far bigger problem was that after 10!! days still no car letter was there. So I just threatened with the lawyer and bang!! 1 day later, the vehicle letter was in the mailbox. In whose? You guessed it: in my.
I had a vehicle financing with this "bank", which should be paid off by the buyer of the vehicle. Sounds simple.
The telephone contact to find out the redemption amount was not possible, there were always only references to the website, on which, according to consors, all questions would be answered. So I filled out the contact form.
2 weeks later the redemption amount was paid by letter!! Notified. It also stated that any remaining credit balance would be.
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consors finanz car loan experience report #35 by M. On 26.11.2019
1
Interest not reduced on special repayments
Interest is not reduced for special repayments – only a lawyer has helped.
An extremely high final installment on my vehicle financing made me sit up and take notice. 2 differently high calculations of the final installments even more. No response to calls and e-mails should it become unpleasant for the bank – customer service is zero. It was only with the help of a lawyer that a correct calculation was finally made and the vehicle registration document handed over. FINGER AWAY!
interest is not reduced for special repayments – only a lawyer helped.
An extremely high final installment of my car financing made me sit up and take notice. 2 differently high calculations of the final installments even more. No response to calls and e-mails if it becomes unpleasant for the bank – zero customer service. Only with the help of a lawyer, a correct calculation was finally made and the car letter was handed over. FINGER AWAY.
Read more"
consors finanz car loan experience report #34 of D. On 29.10.2019
1
Loan paid off – but no car title
loan paid off, after 5 days the money is allegedly still not arrived. According to statement is always posted on 20-22 of a month, so the car letter would only go out on 20-22.11 go out. Indicated that it is on the Internet but different. After redemption, the letter would be at the customer’s in one week. Now a request for investigation is running, where my money has remained. Until then I would not get my letter.
Loan paid off, after 5 days the money has allegedly still not arrived. According to the statement is always booked on 20-22 of a month, therefore, the vehicle would only on 20-22.11 go out. pointed out that it is on the internet but different. After redemption, the letter would be at the customer in a week. Now an inquiry is underway to find out where my money has gone. Until then I would not get my letter either.
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consors finanz car loan experience report #33 by mladen grgic on 29.10.2019
5
30.000 euro loan amount with PSD nuremberg
my car dealer informed me that the ordered car would be delivered three weeks earlier than planned. It may well be that I have caught a vehicle for which the demand is currently not so high. At least, if I compare it with the delivery times of E-cars or PHEVs.
Nevertheless, I am happy to be able to take delivery of my new car soon.
At the same time I was "under pressure to set up my financing faster than planned.
there are many offers for car loans on the internet. It was important for me to have the greatest possible flexibility. The decisive factors were: special repayments as a basic requirement without additional fees and, if possible, the complete repayment of the loan.
In the case of special repayments, it is important to note that the loan amount is naturally reduced, but the term remains the same.
Therefore, only providers who offered a total repayment came into question for me.
Besides ING, which I consider to be a very good online bank, the PSD banks stood out with their offers. The interest rates mostly ranged from 2.79% to 3.49%. All the more expensive ones fell through the cracks.
Another criterion that was important to me: conditions that are not dependent on creditworthiness.
Also the comdirect would have come into question. However, it cleared only as a time-limited offer from 30.I would have preferred a lower effective interest rate for a total loan amount of EUR 0.000. And whether a total repayment within the term is possible, remained unanswered on the part of comdirect. Although she wrote me a statement on my inquiry, she did not explicitly address this specific aspect, which was very important to me. long texts with explanations and conditions scare rather than help.
So I decided to go with PSD nuremberg. By online calculator was an amount shown, which later on the application by ca. Three euros higher turned out. Why this was so, I can not say. Continuously constant rates, only the final installment was a lot lower.
The online application was processed very quickly. I received the documents within a week.
Copies of the last two salary statements of all borrowers, proof of existing credit agreements (copies of account statements are sufficient), a copy of the vehicle purchase agreement, any proof of receipt of child support, proof of other income (mini-job / part-time job) based on the last two pay slips, etc.
Everything was quickly copied and returned to my contact at the bank. Yesterday I received the feedback from her that my loan was approved. Even before that she kept in touch with me by phone.
A surcharge for the total redemption option was included and thus obvious. Sure, you don’t get flexibility for a bread and butter, but acceptable for me. Because I was planning to pay off the loan as soon as possible anyway. The credit conditions themselves were not the most favorable, were rather in the midfield.
The entire process, right up to the personal discussions/queries with my credit officer, strengthened my decision in favor of PSD nuremberg. Very
competent and friendly. From front to back an optimal credit processing.
It’s just nice to see that there are still banks that care about service and customer satisfaction.
my car dealer informed me that the vehicle i ordered will be delivered three weeks earlier than planned. It may well be that I have caught a vehicle for which demand is currently not so high. At least when I compare it with the delivery times of E-cars or PHEVs.
Nevertheless, I am happy to be able to take delivery of my new car soon.
At the same time I came "under pressure to set up my financing faster than planned.
PSD bank car loan experience report #32 by hans winddobler on 23.09.2019
2
Car financing – transfer of ownership is a nogo
Who would have thought 10 years ago that today we have completely abolished interest rates for daily or savings accounts due to the completely overtaxed financial policy that completely misses the point and purpose of an ECB??
To create an inflation rate of 2% as a target, to pump more and more money into the markets, without the previous measures really being crowned with success, leaves many banks, especially in germany, in a state of uncertainty
savers and boards of directors of credit institutions despair. Actually, one would like to think that measures that do not work will eventually be discontinued. Not so with the ECB. If the economy collapses completely, the ECB has almost completely deprived itself of its weapons for countering it. What does she want to do then?
banks have to see to it that they increase their income or, if that does not succeed, they have to think about staff reductions and branch closures. Maybe one should also think about the salaries of the board members. And many bankers earn decent to above-average salaries. Perhaps one should also think about it, instead of constantly imposing new fees on the customer under any nose-drawn reasons. Just a thought.
For credit financing, the effective interest rate is usually around 3 to 4 percent. How frozen. A few tenths down, several up. So my impression.
Quite the opposite of the construction financing, which is demonstrably becoming more and more favorable. At the moment they are around 0.5% for 10 years with a good credit rating.
targobank offers many different types of loans: in addition to online loans, it also offers home loans, loans for the self-employed and installment loans. The latter, however, you can apparently only conclude in the branch by personal consultation. Car loan is different. Clicking on "online credit, a screen appears where you only have to add the desired loan amount and the number of monthly installments. The system then throws out the rate to be paid.
I noticed that with a higher net income, the effective rate moves down by a tenth of a percent in my specification. It is worth considering that it is precisely those who earn well and thus tend to still have equity capital that also benefit additionally from the interest rates. I prefer banks that offer the same interest rate for all applicants over all terms. Fairness is a thrifty fellow in the banking sector. This has already been demonstrated to me several times.
With my offer an effective interest rate of 2,95 % was thrown out. apparently, 2.45 % would also be possible, but linked to a good credit rating. The terms are on 13 to max. 86 months fixed (12 to 84 installments). Very important: the interest rate only applies in the case of a transfer of ownership of a motor vehicle by way of security.
I cannot say whether this is the new one to be purchased or one already in possession. Probably rather the new one to buy. For me vaguely formulated.
But there are also banks that do without such measures. Who is however ready to accept these can think quite alternatively about leasing. but for me this is out of question, so this offer is imploded in itself.
Basically, it remains to be said: ALWAYS read the small print. There are often hidden clauses and specifications that must be observed. What documents do I have to submit? How fast is the processing time? Are if necessary. unscheduled repayments or even a total repayment possible without further cost surcharges? The more straightforward a bank’s actions, the better.
I can only recommend that you try out the service number before applying for a loan. Is it easy to find on the website? How is the call volume regulated – are employees personally reachable in a timely manner, friendly and competent, without annoying waiting loops that only cost time and nerves?? Don’t you dare choose 3 instead of 2: according to my experience (and these are not just a few cases), it can happen that the ECB is the only one that has the right to do so!) happen that you are put on hold again, because you have not landed with the right contact person. There remains only to hope that at least the music of the waiting loop agrees with one.
I do not like the offer as a whole. The transfer of ownership by way of security alone is a nogo. I will go on the search.
Somehow incomprehensible: the sums of a car loan are far below those of a real estate loan. There it makes sense to build in one or more securities by means of a basic debt deposit. But with a vehicle purchase in the mid five-figure range? For my part, I do not buy a car where the "bank rides". No thanks.
Who would have thought 10 years ago that today we have completely abolished interest rates for daily or savings accounts due to a financial policy that has been completely overridden and completely misses the point and purpose of an ECB??
Creating an inflation rate of 2% as a target, pumping more and more money into the markets without the measures taken so far really being crowned with success, is leaving many people in Germany in the lurch
savers and credit institution board members despair. Eigentlic.
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targobank car loan experience report #31 of B. Weimer on 20.08.2019
2
Car loan with VW bank
I had a current account with VW bank until 2016/2017. Due to the diesel scandal and the associated lack of understanding and the ignorant and arrogant attitude towards the buyers on the part of VW, I have canceled the account and all other bank accounts. Incidentally, this disaster continues to this day. No one can seriously explain why customers in the USA are and were generously compensated, while German buyers have to more or less sue their way through all instances.
On the other hand, of course, it has to be said that the VW Group car models in particular are not in high demand for nothing. Many are bothered by the hard plastic used z.B. Not with the VW T-roc and they still pay inflated prices for a gray-black plastic landscape in the car. cheapest material processed in a valuable way.
VW offers, however, and this is a big advantage over manufacturers like peugeot, kia, citroen or renault, manual transmissions beyond the 150 hp mark. The choice of engines is much larger, more extensive and you do not have to commit to CVT or DCT transmissions as with the competition. Which are also much more susceptible to gearbox damage u.A. With more intensive use of caravan trailers or passenger car trailers, the. I assume that just this extensive range of engines is an enormous competitive advantage over the competitors.
Nowadays, a car manufacturer also has a car bank, the VW bank. If you take a look around, you’ll quickly find what you’re looking for under the private customers tab in the installment loan subcategory.
The running times move between 12 and 120 months. It is rather disadvantageous that the effective interest rates are based on the desired amount and the term. Since other banks (see below PSD-bank cologne) give themselves more customer-oriented.
The online loan calculator allows you to enter the desired loan and the term, and the monthly rate is shown immediately.
VW bank offers its installment loans in a range of 2.99 % to 6.99 % effective interest rate (depending on the term and loan amount). the net loan amounts range between at least 1.000 euro up to a maximum of 50.000 euro. Whereby installment payments, increases and special repayments are possible at any time.
Basic requirements for a credit:
– permanent residence in germany
– age of majority of the natural persons involved
– permanent employment contract with a german company or pension from a german pension provider
– carrying out the legal legitimation check by postident or videoident.
In my sample calculation, the effective interest rate was p.A. At 3.99 % (target interest rate 3.92 %). Creditworthiness provided.
The following information must be entered for the online application for the loan:
desired amount, term, the personal data, (important: tax ID NO. Enter!), the professional situation (upload proof of income) etc. Up to the entry of the reference account for the disbursement of the loan.
Last on "apply now" click and you will receive your personal credit offer.
That’s easy to do.
As with the VW group car models on offer, the installment loan is not a cheap home loan. Even if you were to get the favorable offered effective interest rate of 2.99%, VW bank is always a few tenths of a percentage point above some of the offers of competitors. Here is to be called above all the PSD bank Cologne, which offers its autokredit at present with 2,19 % effectively and the instalment credit with 2,49 % effectively. regardless of the term and desired amount. And this applies to all terms.
I don’t know if it’s also possible to finance non-VW Group vehicles through the VW bank. probably yes, because manufacturer and model do not have to be explicitly listed in the application.
Since I feel to the VW group and also to the VW bank rather an aversion (in spite of many advantages, which exhibit this car surely) a credit would not come there into question. too much china has been smashed, and i don’t like it when people first cover up and then, with their eyes open, rip off the buyers. The losses in value of the diesel vehicles purchased are in some cases enormous and VW still sees little or no need for action here. A more than borderline approach.
Even if the VW bank were to offer a utopian low interest rate of 1.59% effective, which would probably never be realized, I would not conclude a deal there.
You can be expensive, but then you also have to provide the corresponding service in return. And this no longer fits in my estimation.
I had a current account with VW-bank until 2016/2017. Due to the diesel scandal and the associated lack of understanding and the ignorant and arrogant attitude towards the buyers on the part of VW, I have cancelled the account and all other bank accounts. Incidentally, this disaster continues to this day. It cannot be seriously explained to anyone why customers in the USA are and were generously compensated, while German buyers more or less had to suffer through .
Read more"
volkswagen bank auto loan experience report #30 by uwe winter on 15.08.2019
3
ADAC car loan
An institution in the country in matters of traffic and car is undoubtedly the ADAC. 21 million members now place their trust in it. better known among the people than so many german politicians. it is less known that the ADAC also offers loans for car purchase. If you log in as a member and click on the products tab (fourth from the left), you will first find the ADAC credit card in the financial services subcategory (third from the top) and then the ADAC car loan.
the "topzins is currently 2.99% effective (target interest rate 2.95%). Thus, for example, with a credit amount of 35.000 euro and a term of 84 months a monthly charge of 462,00 euro.
As advantages the ADAC calls
– attractive interest rates with transparent conditions
– Special repayments possible at any time and free of charge
– flexible with or without final installment selectable
– fast credit decision and direct transfer to the account
– flexible terms and credit amounts can be selected
It is also possible to apply for a loan by telephone under the following number. 089 7676 1507 from monday to saturday 8 am to 8 pm.
Those who prefer to start online, press the button start credit request and off you go.
procedure: enter the purchase price of the desired vehicle (down payment optional), choose between classic installment financing or financing with a final installment, enter the term, select the type of object (car, motorcycle, caravan), enter the age of the vehicle, enter the manufacturer and model, borrower (1 or 2), personal data, employment relationship up to entering the bank account to which the loan is to be transferred.
An account check is also offered, which can be declined or used. The also offered residual credit insurance you can save confidently. It’s just a snack for the ADAC. Finally, check the box "submit all declarations" click and click on send request.
All explanations included u.A. Consent to data processing information, product information, data transfer to partners, etc. Without the consent one will not receive a credit. This is to be assumed.
Conclusion: if you are looking for a reliable and very strong partner in the car sector, you can trust ADAC. However it is to be considered that the credit is some euro per month more expensive than current action credit offers of credit institutes. For longer terms, the u.U. 500 euro and more
make out interest charge.
Probably this 0.50 to 0.70 % effective interest rate difference is just the margin that the ADAC allows itself. I assume that ADAC also works with a bank that ultimately also countersigns for the loan disbursement.
I will clarify that however still in a telephone call.
The offer is satisfactory, nothing more. Three points.
I cannot say anything about the processing time. Banks need about max. 14 to 21 days to check and disburse a credit application. This is a guideline and not a fixed amount. If promotional interest rates are offered, it can take quite a bit longer. Depending on how the consumer gets on it.
An institution in the country in matters of traffic and car is undoubtedly the ADAC. In the meantime, 21 million members trust it. Better known among the people than so many German politicians. It is less well known that ADAC also offers loans for car purchases. if you log in as a member and click on the products tab (fourth from the left), you will first find the ADAC credit card in the financial services subcategory (third from the top), followed immediately by the ADAC car loan.
Car financing
Everything used to be better. That one hears again and again, if something does not run in such a way, as one would have it gladly. This is certainly true for many areas. Whereby one tends to see later only the positive and to transfigure the certainly also already at that time existing rather negative or to sink straight into nostalgia.
Just with the banks/credit institutes some has changed to the positive one.
I remember the postbank as being inflexible, expensive and not service-oriented. At least with the second argument I must revise myself. The experience is now more than 20 years ago and concerned a home loan, which was then at over 5% effective! Nowadays hardly imaginable. It was the other way round with the daily money interest rates. They would not have been imaginable in minimalism at that time.
So be it. for a car financing i recently consulted the intermediary finanzcheck. And surprisingly, DSL-bank (a branch of DB Privat- und firmenkundenbank) was by far the most favorable with an effective interest rate of 2.39. A favorable interest rate for the current market environment.
The other placements: 3.95% targobank, 4.49% norisbank, etc. From the deutsche bank, I would have just about. get 80% of the requested amount approved. Even norisbank stayed with ca. 10 % below the amount requested. I only had a total of five offers.
I specified a term of 84 months, and special repayments were possible at any time and in any amount. All other offers without special repayment option fell through with me anyway. DSL Bank even offered to repay the entire loan in one fell swoop, with no interest or other costs! This is where the competition for customers has an effect. The postbank/DSL bank had to react in order not to lose any more market share and, like many of its competitors before it, moved to the forefront with free special repayments and other minor improvements z.B. With the accessibility of contact persons in the matter of credits to.
This was a real challenge until a few years ago. With girokonten and depot actions it is unfortunately today still the status quo. Many actions coupled me even less reachability – due to the current enormous call volume we ask you to call at a later time. And that happens to you eight to four times in a row. I do not want to say more about it now. It is about a credit request and nothing else.
I can’t run one campaign after the other and then virtually disconnect the service by phone. Questions always arise. And then have the interested parties keep calling until they give up on their own. I simply do not understand that sooo many banks in germany do not take into account these two indispensably interdependent aspects (launching actions and tel. secure accessibility) just don’t get it right.
For the application were necessary:
– last month’s wage and salary statement as a COPY
– complete account statements of ALL accounts with bookings relevant for the budget calculation of the last month (z.B. 01.03 – 31.03 or 05.05 – 05.06) in COPY, where at least. A salary receipt and if necessary. Loan rates, construction financing rates/rent receipts are evident.
Apparently, in order to prevent abuse, the DSL bank expects to receive the original registration certificate part II, a copy of the purchase contract and a motor vehicle security transfer agreement no later than 6 weeks after disbursement of the loan amount.
For new customers, of course, a video identification or, alternatively, the postident procedure is to be carried out.
You can safely leave the payment protection insurance contract out of it. These clauses only serve to give the insurers or banks additional "bonuses" to flush into the till. M.E. Do they neither make sense nor really secure fully. But everyone must decide for himself whether he needs this additional module.
The offer actually fits. In the end, it failed because my desired vehicle, including additional factory vacations, has a delivery time of almost 5 months and therefore an original registration certificate (what a bandwumwort – my creation) could not have been sent in time. No one should think that the normal citizen would not also be able to do this. Not only the state with the BGB!
It shows once again that the really good offers are concentrated on very, very few banks. Others, such as DSL-bank, adapt, but then unfortunately build in additional hurdles that turn out to be impossible to fulfill.
So now I am still looking for. However, I already have a favorite: PSD bank koln, which has been offering a constant 2.49% effective interest rate for some time now.
The postbank gets 3 stars. Good offer, but the conditions did not fit in some aspects and the 6-week period for the certificate of approval was the decisive factor.O-criterion. Maybe it would have been negotiable with the help of the agent. Nevertheless: whoever offers something like this is quickly missing the reality.
Everything used to be better. This is what you always hear when something doesn’t work out the way you want it to. This certainly applies to many areas. Whereby one tends to see only the positive later and to transfigure the negative things that were certainly already present at that time or to sink into nostalgia.
Just with the banks / credit institutions has changed a lot for the better.
The postbank I had at least still as inflexible, expensive and not service.
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postbank car loan experience report #28 by karl wisznevski on 13.08.2019
2
Relatively expensive car loan
Financial service providers work i.D.R. Only work with banks with whom they have commission agreements for brokering loans. This is precisely why it is important for the consumer to look beyond the end of his nose and not blindly use portals such as verivox, check24, etc. To trust.
Through an advertising site (affiliate) I came across the IKANO-bank. This was a good fit because I was just looking for a loan to buy a used car.
In addition to the call money (0.34% p.A.) it offers framework loans and a special car loan.
The conditions are as follows:
Net loan amount: 5.000 ? Up to max. 30.000 euro
term 24 to 60 months
target interest rate: 3.92
effective interest rate: 3.99
Every self-respecting bank offers an online loan rate calculator. So also the IKANO-bank. Below the conditions rider you can let off steam here and sound out your monthly load limit.
The bank points out the following advantages as worth mentioning:
– free special repayments in any amount possible
– Car title NOT required as collateral
– 30-day right of revocation
– comprehensive credit insurance available upon request
– suspend credit installments free of charge up to 2 x per year (provided: there are min. Three payments in between)
-early repayment at any time
well, hardly any difference to other credit institutions.
The most important requirements:
– at least. 18 years old
– permanent residence in germany
– german employer
– german bank account
– NOT self-employed or freelancer
The car loan can be applied for online by clicking on a red button.
conclusion: even the advantages, which the bank emphasizes in such a way, cannot hide the fact that it concerns an expensive autokredit. With an effective interest rate of 3.99% and a limit of max. 30.000 euro loan amount the rush will probably be very limited.
If you have a good credit rating and get your application in at the right time (e.g.B. action of a bank) can sometimes save a lot of money. Effective interest rates around 2.69% or a few tenths lower are quite feasible.
It is understandable that the bank does not aggressively advertise these conditions now. Perhaps it is also due to the lack of manpower, the increase of which would necessitate lower interest rates. A conjecture. Sure. With many institutes, however, this is often the crux of the matter. If I may express this so casually.
Or it hopes that some will be stuck with her. But if you can calculate and need every cent, you don’t need to apply there at all. The interest rate conditions simply match what is currently happening on the market.
Whether the bank would be at least among the first 20 in an online loan comparison, I dare to doubt. And many interested parties do not look at more than 10 offers anyway. If at all. The bank thus falls through the cracks.
Two stars. The high interest rates outweigh. The rest I can not judge unfortunately. Thus it becomes no more.
Financial service providers work i.D.R. only works with banks with which it has commission agreements for the brokerage of loans. That’s why it’s important for consumers to think outside the box and not blindly follow portals like verivox, check24, etc. To trust.
Through an advertising site (affiliate) I came across the IKANO-bank. This was a good fit because I was just looking for a loan to buy a used car.
IKANO bank auto loan experience report #27 by anonymous on 23.05.2019
1
Disappointed without end
I wanted the santander bank to pay off my car loan at the Sparkasse and have been waiting for it for 2 months and so far they still haven’t managed to transfer the money to the Sparkasse and pay off the sum but are already withdrawing money from me. For what please. I wanted to cancel and the woman tells me the deadline has passed. The contract was not kept gehts still. For 4 weeks I have been calling the bank back and forth every time I am told that the money will be transferred another time and until TODAY no money has arrived at the savings bank. Again and again I am held up.
I wanted the santander bank to pay off my car loan at the Sparkasse and have been waiting for 2 months and so far they still haven’t managed to transfer the money to the Sparkasse and pay off the sum but have already taken money off me. For what please. I wanted to cancel and the woman tells me the deadline has expired. The contract was not kept gehts still. For 4 weeks I have been on the phone with the bank back and forth each time I am told, .
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santander consumer bank auto loan experience report #26 by R.H. On 07.04.2019
5
Customer before conclusion ING autokredit with 2.49% effective
The idea of financing my planned car purchase with a car loan has received new impetus.
ING offers this just with fabulous 2.49% effective (target interest rate 2.46%). The offer is limited to 14. April 2019. Whether it will be extended, about it ING would not comment. Tendency: rather not. The interest rate is the same for everyone. That’s quite a word, because for more than half of the applicants, it’s not the much advertised effective interest rate that applies, but a much higher one that often even exceeds the 3% mark. As it is called then: creditworthiness dependent.
However, this does not mean that the customer has been rejected. Of course, the bank can not avoid to comply with its regularities and to obtain information about the applicant from the credit bureaus schufa, creditreform or whatever they are called. They do not want to give someone the money without having determined the corresponding risks beforehand. Who has a negative score there, will hardly get the loan. Also not to another interest rate, because the 2.49% as already mentioned apply to all. So it is: hop or top.
The net loan amounts start at 5.000,– euro and ends at max. 50.000,– euro. the terms range from 24 to 84 months. The loan amount can be called within 3 months after approval has been given. If the loan is not called, it expires.
The online calculator helps you calculate your monthly rate.
The application can be made online via videoident or alternatively via the postident procedure with the alleged disadvantage of having to visit a post office branch. Everyone must decide for himself. The bank advertises that it is faster with online signature and digital income check. I am still someone of the "old school" here and I will calmly gather the documents and submit them when I want to. Not when the bank tells me to do it. This is simply more relaxed for me. I often ask myself how some things could have worked in the past. Example: cell phone. One does not have to make everything, which brings the new time as absolutely indispensable with itself. If one catches then problems with the data protection, because the technology has overrun the personal important straight in the storm, is with me end terrain.
Absolutely remarkable are the promises of the bank to make free special redemption or. To be held FREE OF CHARGE on.
I have never seen this before. Most banks allow special repayments. Sure, that is not yet the remarkable. But I have never seen a free total redemption without any prepayment penalty in favor of the bank. ING apparently waives. Very commendable. Somehow I can’t believe it yet.
I would recommend anyone who is interested in this offer to contact the bank beforehand. The offer would be just the eierlegende wollmichsau of the credit offers, if one the loan also to the balance of the current account (dispo), to the Umschuldung, renovation etc., would be possible. Could use. Of course, you could also consider construction financing. The loan amounts start there, however, only from 50.000,– euro.
I consider the offer to be excellent for bridging financial bottlenecks.
Not the bruller are on the part of the banks always the limitation to a certain deadline. Who does not apply within this period, looks into the tube. I would wish for a larger time window on the part of the banks. Since I discovered the offer only yesterday, I can not say how long the ING is already on the market with it.
To 100 % "ready for conclusion I am then but not yet. Because I discovered an online car dealer financing for a whopping 1.49% effective. However, the dealer has the disadvantage that the purchase price of my favorite new car is not one of the top offers. And arithmetically increases the final price incl. Transfer costs compared to the cash option
around 250,– euro.
These are the things that can shake fixed decisions again. So you think back and forth. Somewhere they catch you again. That’s just life.
Still: four and a half stars for ING’s offer. The bank is one of the very few truly consumer-friendly banks in germany. The telephone support is outstanding compared to many other online banks. The employees are excellently trained in all facets of the banking business. This constant transfer to other departments, because you just have someone on the phone who knows about current accounts, but not about loans, is completely eliminated there. At least in my previous three calls. The ladies and gentlemen were able to answer all my questions to my complete satisfaction without much trouble. This is certainly the exception, not the rule on the market. Unfortunately. This differentiation fad, which many banks impose on their customers, ING obviously does not do. Here the service and customer satisfaction is still in the foreground. Or in other words: thank you that you exist.
The tendency goes for my car loan rather to the ING.
The idea of financing my planned car purchase with a car loan has been given new impetus.
The ING offers this just with fabulous 2.49% effective (target interest 2.46%). The offer is limited until 14. April 2019. ING did not want to comment on whether it would be extended. Tendency: rather not. The interest rate is the same for everyone. That is already a word, because with more than half of the requesting just not the much advertised effective interest rate comes to bear, .
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ING autokredit experience report #25 by laura am 29.03.2019
1
Super credit rating and yet no credit
Super bad ! I am a customer of ING and my credit rating is great. No problems with payments or loans had. Always paid on time. Now my current car is broken and I needed a new car. On the phone it was all great. The loan was provisionally confirmed without any problems. Since I unfortunately only had one surgery I could only send a pay stub. According to the nice man on the phone no problem. And then lo and behold. credit was rejected. Why ? No one can tell me. Only I was told that my credit rating is great and that they are aware of that. Um please. A contradiction in terms. And when I said how it looks like if I go down 2000 euros or someone else still signs, they told me yes we could try that in 28 DAYS . Service desert in germany sends its regards. I prefer to pay account fees instead of being a customer here any longer!
Super bad ! I am a customer of ING and my creditworthiness is excellent. I have not had any problems with payments or loans. Always paid on time. Now my current car is broken and I needed a new car. Everything was great on the phone. The loan was provisionally confirmed without any problems. Since I unfortunately had only one surgery I could only send a salary statement. According to the nice man on the phone no problem. And then look. credit was refused. Why ? Can me none.
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ING autokredit experience report #24 by franz oberhauser on 24.03.2019
3
Car loan with the hypo?
For a car loan I was looking for favorable conditions. Online calculator for this there are enough. The decisive factor for assessing creditworthiness is the credit rating, which is registered with creditreform, schufa u.A. Deposited is. For the banks an important classification criterion, in order to be able to classify with the customer the default probability.
It was very noticeable that the range of effective interest rates fluctuated from 2.69% to 4.20% for me. The deutsche bank, for example, only wanted to give me approx. Financing half and a relatively crooked amount at that. The interest rate is much higher than the cheapest offer.
The one from hypovereinsbank that seemed the cheapest at the beginning with 2.69% effective over 84 months turned out to be the only one that did not meet my requirements: special repayment possible. The conditions are printed in small print and I can only recommend everyone to read through them. In the onlinerechner I had clearly entered: WITH special repayment right. There was nothing in the terms and conditions. Clearly, because it was also on the part of the HVB not at all foreseen.
So I would have been obligated to pay a certain rate over 84 months and taken away the possibility of early repayments. 7 years straight. In addition, the bank demanded provision interest on the basis of the residual debt amount for any planned early repayment, which I had to pay in advance.D.R. This makes little sense, because the borrower usually pays more. The fees are usually so high that it is only worth it for a few people.
It was then clear to me how the effective interest rate of 2.69 % came about. The banks charge extra for these special repayment rights, similar to construction financing with a term of 15 or 20 years.
The credit inquiries ran via finanzcheck. The employee sent me information on my cell phone and asked for a call back. Twice I tried to reach them by phone: no way. A callback did not come until today. This unreliability is annoying. And not only with regard to money matters. Many industries are now acting in this way. Demanding callbacks and being unavailable yourself. Sausage is the top priority. No thanks, I prefer to do without. Either you have an advisor who takes care of the inquiries or you just leave it alone. If the one is entrusted with other tasks and can not take care of the requests, you should stop the whole thing immediately. Thus one annoys only the inquirers.
It also did not make sense to contact hypov directly. To ask whether a special repayment option exists. They just tell you that the offer runs through an intermediary and you should go there. So it had actually quickly disintegrated. So I tried further to ask for conditions at known credit institutions.
commerzbank is never to be found in the online credit calculators. The homepage shows that they also offer installment loans starting at 1.75%. However, it is absolutely essential to make an appointment at the local store. Nowadays rather the unusual way, because everything seems to be geared to fast information via the Internet.
Unfortunately, the employee responsible for me was also on vacation and I would have had to wait two weeks. That was then nevertheless too long for me. And the time spent is not justified, because no one can guarantee me that I will get the most favorable there. After I have now spent some time with the search for the right car and the credit (the second lasted almost longer) I have come across an offer of an online car brokerage. There are "only" 1,49 % is demanded, however, one pays again ca. 250,–euro more in total than with a cash payment. And then has subsequently also the rates on the cheek.
As life goes, somewhere it still catches you out. All are in the meantime so cooked that you can not get out at all. The hypovereinsbank I give for the credit offer a 3.5. The accessibility was almost non-existent and leads to a point deduction.
The quality of service for online offers is very mixed. What does it help me if I get allegedly favorable offers and the care afterwards is and remains deficient? Like buying a car: once the vehicle is bought, the manufacturer says goodbye to you. It only becomes conspicuous again when you get angry about the horrendous customer service invoices.
There is still a lot to do in this country. Above all, the esteem and respect for its customers suffers. Anonymity and disregard for customer needs are still the order of the day far too often. No manufacturer breaks a tooth from the crown, also the sog. After-sales service more intensive to use. The same applies to banks. Asking customers about their satisfaction should be reintroduced in certain industries. How else can you stop a lot of things that are obviously going wrong??
I was looking for favorable conditions for a car loan. There are plenty of online calculators. The decisive factor for assessing creditworthiness is the credit rating, which is recorded by creditreform, schufa and other credit bureaus.A. Deposited is. For the banks an important classification criterion, in order to be able to classify the default probability with the customer.
It was very noticeable that the range of effective interest rates fluctuated from 2.69% to 4.20%. The deutsche bank beisp.
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hypovereinsbank autokredit review #23 by larissa on 12.03.2019
1
Vehicle financing via VW bank
I financed a vehicle through VW bank.
A name change is very cumbersome, mail came back after a few days as undeliverable, faxes can also not be received.
The prices are in my opinion very overpriced (2 euros for a return debit bill and 15 euros for the dispatch of the vehicle registration certificate). With service this has nothing more to do.
The vehicle registration certificate is also sent only after the contract has been changed, which has been in force for several years. That there are still other deadlines or if necessary. Follow hang, no one is interested here. I will never again finance anything with this bank. I am affected by the emissions scandal and notice nothing of the fact that the customer is regarded as a customer, no the customer is simply someone who has to pay and play by their rules.
I have financed a vehicle through VW bank.
A name change is very cumbersome, mail came back after a few days as undeliverable, faxes can also not be received.
The prices are in my opinion very overpriced (2 euros for a chargeback and 15 euros for the dispatch of the vehicle registration certificate). This no longer has anything to do with service.
The vehicle registration certificate is also sent only after the contract has been changed, which has been running for several years.
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volkswagen bank autokredit review #22 by lehmann on 04.03.2019
1
Motor vehicle letter
For an installment loan for a vehicle, the corresponding vehicle letter is held by the bank as collateral. Now we have bought a new car and the previous one in payment given. For 3 weeks I am now trying to exchange the secured letter for the new one. The hotline is if at all available not informative and if there is a statement is completely different from the previous one. Completely incompetent. It seems like everyone is just reading pre-written texts and is not able to help at all. We now have to postpone the purchase, because we have no feedback or. Have received the letter. Underground this service hotline!
To an installment loan for a car is the associated car letter at the bank as collateral. Now we have bought a new car and put the previous one in payment. I have been trying to exchange the secured letter for the new one for 3 weeks now. The hotline is if at all reachable not meaningful and if there is a statement is completely different from the previous one. Completely incompetent. It seems like everyone is just reading off pre-written texts and not even able to z.
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consors finanz car loan experience report #21 by anonymus on 28.10.2018
1
No bank for older people!
I am retired(74 y.) with best income and very good schufa. Wanted a small loan for 3 years.(car) apply and already 1 second after the credit came a rejection. This bank works age discriminatory. No bank for older!
ING autokredit experience report #20 by judith67 on 22.10.2018
1
Collection for 2 missing installments, car is picked up
The santander consumer bank is really the very last. We had financed a car through this bank for 36 months in july 2015. We have 34 months without problems always paid on time, now we got a good 2 months ago the letter of the vehicle sent home by mail. My father made a mistake. Since the letter is there, he figured the financing was over and thus stopped the standing order with his bank. A week ago but now stood a hr. From the collection service in front of the door and demanded the 2 monthly installments immediately cash back and then gave my father 1 week time to pay.
I contacted him and tried to explain to him that we can not pay the complete 2 x 360 euro so 720 euro + collection costs immediately and if we can pay it in 2 monthly installments.
He immediately refused and now gave me an appointment for in 2 days, because he wants to pick up the car.
I had asked him if if they take the car we but evtl. Get a time frame in which we get it back when we have paid the 720 euros + collection fees. What he said blew my mind. He said that if he takes the car then that will be brought to essen to have it valued there. Then we would get a letter and if we want the car back we can buy it off for the assessed price. Now let’s be honest. Is this normal or am I ticking wrong. I have paid 34 months and do not say I do not pay. I only ask to have it paid in 2 installments. Please help me and give me advice, what can I do there?
With friendly thanks to all
The santander consumer bank is truly the very last. We had financed a car through this bank for 36 months in july 2015. We have 34 months without problems always paid on time, now we got a good 2 months ago the letter of the vehicle sent home by mail. My father made a mistake. Since the letter is there, he thought the financing is over and thus stopped the standing order with his bank. A week ago but now stood a hr. From the collection service v.
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santander consumer bank car loan experience report #19 by truk on 20.10.2018
1
Bought other car during financing period
Never again. I bought another vehicle during a car loan and sold the financed one. First of all I got a wrong information when I called to exchange the car documents, so I lost one week and the buyer of my car became impatient. After I had submitted the new car letter it took another 14 days and several phone calls until the letter was in my hands. In addition, I had to pay 51 euros + fees. This makes the low-interest loans absurd.
Never again. I bought another car during a car loan and sold the financed one. First of all, I got a call to exchange the car registration certificate and got wrong information, so I lost a week and the buyer of my car got impatient. After I had submitted the new car registration it took another 14 days and several phone calls until the letter was in my hands. In addition, I had to pay 51 euros + fees. Thus, the low-interest loans are ad absu.
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santander consumer bank car loan experience report #18 by rauschi on 30.03.2018
1
Outrageously high fee
I but for the umpteenth time financed my car through santander. Now I have looked for other work. At my new job is no longer paid at the end of the month, but rather in the middle of the month. To avoid arrears I have decided to change the booking date online. This was also no problem, there was also the note that a fee will be due. I have calculated so with 2.50 – 3.00 euro. I was then informed that a response would come by mail because of the "security". When i opened the letter i thought i was going to be hit with a blow. A letter inappropriate to the type with the announcement that the date change cost 40 euros I had not expected. In addition, it was written: we expect you to pay the installment in the future on time. Is it still, I have so far always paid on time, with each loan. What is this way? So next week to another bank. To pay off the much too expensive loan, so that the gentlemen get their valuable money back quickly. Never again will I be persuaded in the dealership to finance with santander. I recommend Privatkredit at anyway more favorable conditions.
I but for the umpteenth time financed my car through santander. Now I have looked for other work. At my new job, I no longer get paid at the end of the month, but rather in the middle of the month. To avoid arrears I decided to reschedule the booking online. This was also no problem, there was also the note that a fee is due. I have calculated so with 2.50 – 3.00 euros. I was then informed that a response would come via mail.
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santander consumer bank auto loan experience report #17 by pensioner 72 on 03.03.2018
1
age discrimination?
Wanted to get a car loan at ING-diba for 8.000 euro conclude, when applying online was asked whether a higher credit would be desired, this would be possible, have denied and credit application made. The credit should run over 24 months. Everything seemed fine – but then the surprise despite sufficient income, no negative schufa entries and daily allowance account at the diba came surprisingly and without any justification a rejection. Even when asked, the diba refused to give a reason for the cancellation. I think it is also in my case a crystal clear age discrimination, because currently at the time of application 71 years. Thanks diba, I woke up and left the bank.
Wanted to ING-diba a car loan for 8.000 euro conclude, when applying online was asked whether also a higher credit would be desired, this would be possible, have denied and applied for credit. The credit should run over 24 months. Everything seemed fine – but then the surprise despite sufficient income, no negative schufa entries and daily allowance account at the diba came surprisingly and without any justification a rejection. Also on inquiry refused the .
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ING car loan experience report #16 by klaus on 18.01.2018
1
Installment loan for a car
I had an installment loan for a car at consorsbank. All installments (including the balloon installment) were of course always debited from my checking account on time. The balloon rate was paid on 02.01.2018 debited. I was now waiting for my vehicle registration certificate. Several calls, spread over two days, on the service hotline, the telefonbot simply hung up in the middle of the call. Today on 18.01.2018 i tried again to get someone on the service line on the phone and oh miracle it worked out. The friendly gentleman told me that my car title has still not been sent out. So I understand under customer orientation and service something completely different and know exactly that I will certainly not make any more financing through this bank.
I had an installment loan for a car with consorsbank. All installments (including the balloon installment) were of course always debited from my checking account on time. The balloon rate was debited on 02.01.2018 debited. I was now waiting for my car title. After several calls, spread over two days, to the service hotline, the telephone messenger simply hung up in the middle of the call. Today on 18.01.2018 i tried again to get someone on the service line on the phone and oh miracle it worked.
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consors finanz car loan experience report #15 by koehn on 12.12.2017
1
Too old for car loan
Holla: despite my wife’s credit account there and fully sufficient pension/pension, no neg at all. Schufa entries, a very solid score and home ownership no car loan for a new car and moreover without justification, which we know anyway: namely with 66 and 75 years for this bank TOO OLD to be :-(; If you ask the clerk about it, it is denied!
ING car loan experience report #14 by pensioner couple on 26.11.2017
1
Too old?
Immediate rejection ? Why? age discrimination? In october, a car loan for euro 5000 expired. This I had concluded at the age of 69 years and repaid earlier than contractually specified. In november, now 71 years old, I again applied for a car loan for euro 5000. This was rejected immediately in the preliminary inquiry. Schufa impeccable, monthly pension net income fits, second co-borrower (wife), current account and extra account at the bank. Here I can only assume that it is discrimination because of age.
Immediate rejection ? Why? age discrimination? In october a car loan of euro 5000,- expired. I had taken out this at the age of 69 and paid it back earlier than contractually agreed. In november, now 71 years, I have again applied for a car loan of euro 5000. This was immediately rejected in the preliminary inquiry. Schufa impeccable, monthly pension net income fits, second co-borrower (wife), current account and extra account with .
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ING car loan experience report #13 by tamara on 14.11.2017
1
Never again!
Unfriendly
not helpful with questions
not competent
agreements are not kept
untraceable interest
After the car sale, the credit statement was simply not sent to the car dealership despite power of attorney and left lying – thus further costs have been incurred!
Conclusion: NEVER AGAIN.
Santander consumer bank car loan experience report #12 by hr.G on 10.10.2017
1
Topic KFZ letter – unfriendly service
We bought a 2 year old car on saturday and paid for it in full at the dealer! Since the vehicle was leased for 2 years, the original vehicle title was still with santander-bank! This should be immediately applied for and sent to us! Yesterday around 20:00 I finally dialed the toll-free tel.-no. The bank to ask if the letter had been sent yet. The conversation began after a waiting time of 6 minutes. The first lady could then do nothing with my question and she would connect me with a colleague. Connecting them again took 7 minutes. The colleague with whom I was connected was very unfriendly and she was not allowed to tell me anything about it for data protection reasons, although we had a copy of the letter available! I would have liked to ask which way the letter was sent, but they hung up on me!
Very unfriendly the whole and not to recommend further! Probably because I had said the car was paid in full right away and so I was not dependent on a loan from the santander?
We bought a 2 year old car on saturday and paid for it in full at the dealership! Since the car was leased for 2 years before, the original car title was still with the santander bank! This should be immediately applied for and sent to us! Yesterday around 20:00 I finally dialed the free tel.-no. The bank to ask if the letter has been sent yet. The conversation began after a waiting time of 6 minutes. The first lady could then .
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santander consumer bank car loan experience report #11 by ja am 06.08.2017
1
Misunderstanding or impudence?
Just now requested credit by phone. Refusal. Hypothetically, I wanted to know if without the existing car loan, ie 2021, a loan would be possible. Purely hypothetical. Woman on the phone presented me as if I was asking her to drop the car loan under the table to get the loan. Misunderstanding or impudence? I am pissed off.
ING autokredit experience report #10 by winkler on 10.07.2017
5
Car financing – everything fine
I have 5.000 euro financed through santander consumer. It was the remaining amount for a car (KIA). The contract came directly through the dealership to stande. Contrary to opinions often read here I am satisfied. There was no advertising from the bank during the 2 years financing period. only a few days after collecting the last installment, i received the car title by mail – ok this is surely not the safest variant.
During the financing my bank details changed. This also went without problems. I can only report positively – however, I have always paid the installments on time and have not paid off my loan early.
I have 5.000 euro financed through santander consumer. It was the remaining amount for a car (KIA). The contract came directly through the dealership to stande. Contrary to opinions that can often be read here, I am satisfied. I did not receive any advertising from the bank during the 2 years of financing. only a few days after the last installment was paid, i received the car title by mail – ok this is certainly not the safest option.
During the financing changed my .
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santander consumer bank auto loan experience report #9 of T.Hechler on 12.06.2017
1
Poor customer service
We have 2 loans with the santander running. One for the car and one for the kitchen. Both are in each case mediated by the car dealer / furniture store. Application is fast and uncomplicated.
There are problems if you want to change something afterwards, even if it’s just to change your name (after marriage) or address. It gets very complicated when the account is changed. They still haven’t changed my name after 2 years and several letters. But when calling from the santanderbank I am rudely told that I have to change it. No one can tell me where my letters have remained. Even with a change of address no letters arrive with them. (by the way, not even if you tell them in writing that you don’t want any advertising).) even when I had used a return envelope that arrived with advertising for new loans, this allegedly did not arrive.
It gets worse when letters from the new bank do not arrive when changing accounts and reminder fees of 18 euros (for a loan) are charged. Also telephone message that the account has been changed did not work. And further reminder fees were threatened the next day. The calls come for over a week 1-2 times a day. Even if one calls from itself there, one is always treated very rudely. Basically, these conversations are also documented only the things that fit them in the stuff. And it is built up pressure that you agree by phone that amounts and reminder fees are simply debited. Also, no one could explain to me how the reminder fees come about and supposedly double within a weekend. But they don’t earn anything from me and therefore don’t have to respond to me (statement of the telephone operator). By the way, another telephone operator told me that they often have complaints because letters do not arrive, but it is definitely not their fault. It’s a pity that a bank places so little value on its customers and the polite and professional manner in which they are treated. The rates were at the time already long transferred.
Basically you can say about the phone calls that they are unobjective, pressure is built up and you are not helped a bit.
It is also annoying that car dealers and furniture stores arrange loans with such a bank at all.
We have 2 loans running at the santander. One for the car and one for the kitchen. Both are mediated by the car dealership / furniture store. Application gehg fast and uncomplicated.
Problems arise when you want to change something afterwards, even if it’s just a change of name (after marriage) or address. It gets very complicated when the account is changed. They still haven’t changed my name after 2 years and several letters. But during phone calls from the san.
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santander consumer bank car loan experience report #8 by iris on 24.05.2017
1
Problems with car loan redemption
As long as you pay the installments on time is all no problem. But woe betide you if you come with a request. We demanded the unjustly charged processing fee back. Here we joined a collective action. Only then we received this fee back, of course with deduction of the lawyer’s fees. Now my husband has passed away and I have paid off the loan through my house bank. The next day I was at the registration office to register the car in my name. Then I called the santander bank regarding the motor vehicle letter. After what felt like half an hour in the waiting loop, I asked if I could not keep the car certificate right away. I would also have the documents regarding. Interest rates on loans. Here I was instructed with the reason that the redemption has not yet arrived. There was no discussion. So I had to pay the fee to return the vehicle letter at the registration office. Today I received a call from the bank. Here I was asked bzgl. Certificate of inheritance. Since I do not have one, the bank needs the signature and copy of the identity card of all beneficiaries. On my answer, what is the point, I have paid the credit but wanted to explain the lady me forever why and why. I said on the phone that it is bad enough when the husband dies and then the theater on the part of the bank. A daughter of my husband was today times briefly with me. Here I wanted to handwrite something. Not even that is accepted, only with form on the part of the bank, which is sent to me. After eternal back and forth I have then hung up.
As long as you pay the installments on time is all no problem. But woe, one comes with a request. We demanded the unjustly charged processing fee back. Here we joined a class action suit. Only then we received this fee back, of course with deduction of the lawyer’s fees. Now my husband is deceased and I have paid off the loan through my house bank. The next day I was at the registration office to change the car to me. Then I called at d.
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santander consumer bank car loan experience report #7 by jenny on 09.09.2016
1
Problems in communication
I got my car loan through immediately. When I wanted to make one out of two loans, everything went without problems and quite friendly.
The santander bank has always received the loan installment on time at the first of the month. Now the problem begins!!
1. current account changed despite call there and confirmation, they had changed it the credit installment went from the santander current account / new address was also not changed!
2. TELEPHONE TERROR – WHETHER YOU CAN STILL CALL IT THAT, NO IDEA!
3. I came on parental leave – am ready to pay the sum despite less "salary" to pay!! Unfortunately, it does not go off on time, because the parental benefit did not always come to the first. By a phone call was confirmed that the direct debit mandate is deleted, I should transfer as soon as it is there! address + account data are changed!
4. This month again get a letter that it could not be debited! When I told the lady that I was told it will be deleted, I should transfer it as soon as it is there and I am ready to pay it in spite of parental benefit because I do not want to have any problems, she became unfriendly!
For months there is always a chargeback. I would have duties and also the duty a new address account data. To be indicated! I should not be angry, but for schufa that would not be so nice ect. At some point I pointed out to them that my loan was always paid on time. Currently, this does not work, because the parental allowance comes differently, but I pay as soon as it is there!
Promptly came the statement "with a credit installment you are still in arrears." how please, I had always paid on time, except the last few months in arrears transferred! REVIEW; first they said I was in arrears the next day on the phone they said everything was okay except the one from this month was missing, he didn’t know what the colleague meant . The loan was also paid to this month. ..At the next phone call nothing was said. In the current unfriendly phone call it was said that I am again in arrears. Which month exactly she could not say, but I should think about how I want to pay it and get back to me.
IF A REMINDER LETTER CAME, THEN ONLY FROM THE CURRENT RATE I HAD ALWAYS PAID IMMEDIATELY AFTERWARDS – ALSO ALWAYS IN THE SAME MONTH BUT FROM THE ALLEGEDLY OUTSTANDING RATE WAS NEVER THE SPEECH (THE LETTERS CAME TO MY MOTHER, WHO STILL LIVES AT THE OLD ADDRESS). I will no longer call and only go to the branch.
My car loan I got through immediately. When I wanted to make one out of two loans, everything went without problems and quite friendly.
santander bank always got the loan installment on time by the first of the month. Now the problem begins!!
1. Current account changed despite call there and confirmation, they had changed it went the credit installment from the santander current account / new address was also not changed!
2. TELEPHONE TERROR – WHETHER ONE CAN STILL CALL IT SO.
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santander consumer bank car loan experience report #6 by S. Heerdt on 24.08.2016
1
Problems with credit redemption
I took out a loan with santander consumer bank to finance a car. Everything no problem and very quickly and friendly handled. The obligatory insurance for the credit period was pushed a little on the eye, so that the credit also goes through quite certainly. So and then it started. I wanted to pay off the loan early. Suddenly fees were due. I was given a wrong redemption amount and thus the remaining amount was again new interest. Thus, another redemption sum, which was of course again associated with costs. Again a wrong redemption amount. This time too high.
The overpaid amount, because it was less than 10 euros, was not refunded. The insurance taken out for the loan was not paid out again (i.e. the remaining amount) but was converted into a death insurance policy. So that the remaining sum does not have to be paid out.
And the KFZ letter was then also still missing 2 weeks. Only after the 10 call I then had someone on the phone, who finally told me that because of the whole history of the letter just had not been sent yet. That was then the hammer. That was the last time i want to have anything to do with santander bank in any way.
They pay quickly and relatively uncomplicated processing, but the annoyance that one then has with premature termination, is not worth the store.
I prefer to take a credit institute with 1% more interest, but I know that I won’t be ripped off like that.
Took out a loan with santander consumer bank to finance a car. Everything no problem and very quickly and friendly handled. The obligatory insurance for the credit period was so a bit pushed on the eye, so that the credit also goes through quite certainly. So and then it went off. I wanted to pay off the loan early. Suddenly fees were due. I was given an incorrect redemption amount and therefore the remaining amount was.
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santander consumer bank car loan experience report #5 by stephanie on 24.06.2016
1
Repayment and new loan – only problems
This bank can not be recommended at all. They would have to leave the market. I bought a car through financing. My father took the loan. That was 2009. 2013 I redeemed the loan amount. In addition, an application was made for a loan amount. My father needed money at that time. 2014 he got a stroke and could not pay the sum more. The bank did not draw my attention to the fact that there was still an amount outstanding. 5 years did not come a letter.
But when my father went bankrupt, I immediately got a letter that I should pay more than 5000 euros in two weeks.
Even when I went to the lawyer, was completely ignored the letter. Since they should first prove that they should contact me.
Nevertheless, interest was charged and interest on arrears.
This bank can not be recommended at all. They would have to leave the market. I bought a car through financing. My father took the loan. That was 2009. 2013 I redeemed the loan amount. In addition, an application was made for a loan amount. My father needed money at that time. in 2014 he had a stroke and could not pay the amount anymore. The bank has not made me aware that there is still an amount outstanding. 5 years not one letter came.
Santander consumer bank car loan experience #4 by susann on 03.02.2016
1
Bad advice
So my car loan should have run for 2 more years. But by the high interest I wanted to trigger it rather. So I started in november to make a partial payment. After that the bank did not manage to deduct the normal rate in december (account was sufficiently covered). Why? No idea. Also did not get a reminder.
At the beginning of january I could redeem my car. So I called the bank and asked the remaining amount and instead of the required 379.20 € I accidentally transferred 380 €. After a week I called and asked if the money is received. Actually, I wanted to sell the car and ask when the letter comes. The woman said it would still be over 100 € open. I what huh? She said it would have received 329 € I no it has been 380 €.
Then she said something about – that has been set off with the partial payment from november something wrong. I: what does that have to do with the balance in january? She knew then also no further, wanted to connect me with my advisor who was not available but. So later called again and had someone else on it and was already missing only 49.60 € and then she said, oh no the car is triggered by the payment. She said that it would be charged as a discount and not as the remaining amount.
my advisor was of course not available again. So she wrote an addendum stating that it was the amount of the transfer fee. I called again after a few days and asked how it looks and the same story again is triggered, advisor not available and she apparently has not read the attachment: so the advisor. So she wrote again : important please send letter. Again 3 days waiting, again called and asked. Then he said a letter has gone out, where the rest of the claim is in it.
In the end, it turned out that this is the amount from december. But they could not tell me that in my 4-5 phone calls beforehand. The great thing is also, you have only the sevicenummer and each time someone else on it, which you have to tell the whole thing, usually you hang even 5-10 min in the waiting loop. Actually, they should have asked for this in the markdown in january. In general, I have spent almost a month with phone calls and inquiries until I got the solution why it was not triggered. Simply too long, advice too bad. Has cost me a lot of time and nerves, would not have had to be.
So my car loan should have run for another 2 years. But due to the high interest rates I wanted to redeem it earlier. So I started in november to make a partial payment. As a result, the bank did not manage to deduct the normal rate in december (account was sufficiently covered). Why? No idea. I did not receive a reminder.
At the beginning of january I could redeem my car. So I called the bank and asked for the remaining amount and instead of the required 379.20 € I accidentally transferred 380 €.
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santander consumer bank car loan experience report #3 of am 14.08.2015
1
Chaos / unprofessional
3000 slapdash euros it should be for a car purchase. To smooth 2,5%. Online everything is possible nowadays. So here we go! Immediately came a mail from the santander with PDF, what is to be done. Good. Printed out, read through, signed. All necessary papers enclosed and sent by post ID procedure. And now it started. 2 days later a new credit agreement. This time to limp 9% if you do not overwrite the car within 4 weeks. HELLO. It is about a used car. Since I do not know if I get THE and maybe still have to wait 4 weeks until the perfect comes. But no matter, I had sent another application. Call from check24 (through whom this went): \"there are still missing levies for other credits.\" but I have not! Called at santander \"no problem, everything is there and approved.\"
Perfect! 1 day later call from santander: \"a statement of account would be missing\". To what? It’s not that I have the last 3 payslips
sent along. But no matter. \"send this by email to balalala 5. 5 advertised.\" well sent email, comes back with error. Again, error. called the hotline \"the colleagues are off duty, but they have to take 5 as the number and not write it out!\". OK email goes through!
2 days later, the same credit agreement with the post office comes again. I ask: \"must be an overlap. (from WAS
the. ). Is all ready and is in the accounting department ready for payment. Since the money is probably good the mitlerweile 3 weeks have passed!
So now comes this great \"clever card\" with. With homebanking and everything. access data is there, but no itans. But card and pin comes on the same day! Itans are still not there after 2 weeks. Call to the hotline: \"yes that’s right, they are not out yet, but I can’t tell you why, the colleagues are already on holiday".
I work professionally in the field and have to do it with many incompetent people. But I have NEVER seen such a CHAOS as with santander. No one knows what the other is doing and TIME is needed for EVERYTHING. Meanwhile, a month has passed and my loan is probably still in the accounting department.
At least it must be said that the people tel. ALWAYS very quickly reachable. But brings nothing because either the right department has closing time or the just have no idea. At a bank, where it is about money is unfortunately to have no idea a bad thing.
Conclusion: once and NEVER, NEVER, NEVER again. Oh yes and the clever card fly immediately cut up on the garbage.
3000 limp euros should be it for a car purchase. To smooth 2.5%. Online everything is possible nowadays. So here! Immediately came a mail from the santander with PDF, what to do is. Good. Printed out, read through, signed. All necessary papers enclosed and sent by means of post ID procedure. And now it started. 2 days later a new credit contract. This time at a limp 9% if you do not sign over the car within 4 weeks. HELLO. It is about.
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santander consumer bank car loan experience report #2 by festus on 02.03.2015
2
Diba rejection – house bank approved
Also with me with 77 years the ing-diba autokredit was rejected. Despite schufa 100%, home and otherwise housebroken. It is definitely due to age. This is of course not cited because of discrimination. Went to my house bank, there was no problem, although with a slightly higher interest rate.
ING autokredit experience report #1 by hermann K. On 11.06.2013
5
Satisfied with car financing
On 30.12.2010 I have applied for a loan for the purchase of a car at the santander bank (monchengladbach). At the time I was already retired. The loan amount was 20.990 EUR. Term 36 months. Effective annual interest rate 5.99%. The application and the availability of the credit amount took (via the car dealer) a total of 1 hour. Service and accessibility of santander bank were fast, competent, uncomplicated and situation-oriented. As documents were required: pension statement and documents about other income. I am / was with the processing of the "process" extremely satisfied and would work with santander bank again at any time (next vehicle purchase).
On 30.12.2010 I applied for a loan for the purchase of a car at santander bank (monchengladbach). At the time I was already retired. The credit amount was 20.990 EUR. Term 36 months. Effective annual interest rate 5.99%. The application and the availability of the credit amount took (through the car dealer)a total of 1 hour. service and availability of the santander bank were fast, competent, uncomplicated and situation-oriented. The documents required were.
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