The vast majority of vehicle purchases today are financed. Here are just for civil servants and public employees various opportunities for a favorable financing. A car loan is usually easily possible for civil servants, as they have a good credit rating because of their secured income.
Car loan for officials about the dealer
Many car buyers use the financing directly through the dealer. This is a convenient option as the buyer receives all services from a single source. However, dealer financing is not always the cheapest option of financing. Although attract many manufacturers with so-called 0 percent financing, but these are often only for certain models. In addition, the dealer must participate in the cost of a cheap financing, which is why he can usually give the buyer no further discounts. As a result, dealer financing is often more expensive overall than taking a separate car loan for civil servants.
Car loan for civil servants via the Internet
A cheap way to finance a new or used car offer the online loans. Above all, direct banks offer cheap loans for financing of all kinds over the Internet. In addition, more and more banks have special loans for buying a car in their program. In order to get an overview of the best offers, a corresponding credit comparison is recommended. This is possible free of charge on many portals. With the help of a loan calculator, the loans can be easily and quickly compared. Simply enter the required loan amount and the desired term into the calculator and you get a detailed list with the cheapest offers. In addition, the loan calculator also determines the monthly charge and the total amount that must be repaid to the bank.
Above all, it is important to compare the annual percentage rate of the various offers. This already includes all important costs such as nominal interest and processing fees. Once you have decided on a comparison for a particular bank, the loan can be requested directly from the website of the selected bank. This leads to a short processing time and the loan amount is usually a few days later in the checking account of the borrower. With a separate car loan for civil servants this can then act as a cash payer to the dealer and receive very attractive discounts.
Car loan for civil servants over a civil service loan
For officials, there is another way to finance a car, the civil service loan. This is a special form of loan offered exclusively to civil servants and public employees. The civil service loan is characterized mainly by favorable interest rates and a long term. The monthly burden is therefore very low. In the case of a civil service loan, repayment takes place via a capital-forming life insurance policy. The lender only pays the monthly interest. It is paid on the contribution payment in the life insurance. If the term of the life insurance is over, the entire loan amount is repaid in one sum. This has the advantage. that the civil servant does not need additional life insurance. His family is covered throughout the term. In addition, he will receive the surplus participation of the life insurance at the end of the term. Civil servant loans are offered by various banks as well as insurance companies.