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Driving on credit
With an average price of 1,500 euros for the car-driving has so many young people difficult to swallow. An economic work for the drivers at this price but hardly possible anymore. Fits to the present time it is therefore hardly surprising that the driving more and more can be financed. There are different models.
The classic way for the small driving school is the cooperation with the local bank. In a negotiation, where appropriate, apply reasonable interest rate for the driving license aspirants normal credit conditions, such as: no Schufa entry, stable income for at least six months and a resident in Germany. The BHW Bank cooperates with various organizations in driving Germany to implement such models. Provided that the driving member in driving regional association, it can be the customer a credit application services. After the usual credit check and the OK from the bank, the drivers the choice between two models:
Two standard models
Model 1: After completing the training, the bill – signed by the driver – to the bank sent the money again, without going through the driver, driving directly to the transfer. In the second model considered the driving one, also signed by the student account on the expected cost of the license and submit these to the bank. The credit institution shall advance the costs of training. If the driver still driving less or fees, then pay the drivers at the end of the outstanding amount directly to the borrower, so the novice driver’s license back.
Part Data Factoring GmbH
A customized solution for driving also offers the Data Part Factoring GmbH Internet via the driving for his future students within 15 minutes find out whether his license at this rate flexible height and 9.9 per cent APR finance. A positive decision of the loan application is immediately printed, signed and sent to Data Part. The credit amount is each student account with Data Part credited with driving the costs charged. The payout to the drivers via the monthly payroll of the Data Part.
Cash & Drive Card
The teaching materials Degener GmbH from Hanover offers to license funding so-called cash-and-Drive-Card, an emergency-financing without proof of an individual frame available up to 3,000 euros. With the loyalty card is a fast convenient payment guarantees, the driver can be unscheduled and the maps and residual insurance is to ensure maximum safety. In this model, there are no annual or processing fees. On the website of the company, the driver with an online computer the runtime rate and the amount can be calculated.
Processing directly on the driving
Another interesting offer for driving schools and learner drivers, the publisher Henry Bird, in cooperation with Credit Europe Bank NV in Frankfurt / Main. Here is the prospective license holder a credit amount from 500 to 3,000 euros for the period from 12 to 60 months. The effective annual interest rate is 9.95 percent. The settlement follows a relatively uncomplicated directly on the drivers, and there are no handling fees, as otherwise usual in conventional loans. Customers from all over Germany
A very own way, the Buchholz Driving in Winsen Luhe at. It is funded licenses of all classes themselves, without help from banks – and thus also with looser credit check. A risk, in this special case, but so far seems to pay off. The utilization of 18 vehicles is guaranteed, because now customers from all over Germany to express their interest. From an interest rate of 1.2 percent is not surprising. Also more and more vehicle manufacturers offer on their house or partner funding models. Through these programs, the manufacturers expect a higher customer retention, in some cases, you grant the driver better prices on the purchase of a new vehicle.