A car has long ceased to be a luxury item, but a commodity that makes life much easier in many situations. It has become indispensable for most people and should therefore always be available. But buying a car is quite expensive. In most cases, financing is required to process the purchase. This can be problematic when looking for a car loan without Credit Bureau query.
Why a car loan without Credit Bureau query
If the Credit Bureau is not to be queried, it is usually because there have been negative entries that are unfavorable for borrowing. Because German banks do not grant a loan if the Credit Bureau is negatively affected. The applicant’s creditworthiness is so low that the banks overestimate the risk of default and are unable to agree to a loan.
There can be many reasons for a negative Credit Bureau and need not necessarily be a sign of a bad financial budget. If you are looking for a car loan without Credit Bureau query, you will not be able to find a suitable offer in Germany. It looks different abroad. Especially in Switzerland.
The foreign loan from Switzerland
The Swiss banks provide German borrowers with a small loan without asking Credit Bureau. The loan calls for collateral such as a fixed employment contract and high income. In addition, as a borrower, you must agree to a garnishment of wages in the event that the loan amount is not paid. If a guarantor can also be named, nothing will stand in the way of a foreign loan.
In order to be able to take out such a loan to finance a car, you either have to go to Switzerland or look for suitable offers on the Internet. Many banks offer these loans directly on their websites, so that direct contact with the bank is possible. Since it is only a small loan, the purchase amount of the car must be adjusted accordingly.
The money will not be enough for a new car with full financing. You will be able to buy a good used one with it. And maybe you also have an older vehicle that can be given in payment and where the money can flow into the new purchase.