“Where to Find the Best Car Financing Options in Germany: A Comparison of 23 Providers”

Köln Cars are expensive. In 2022, 27 percent of all used cars and even 47 percent of all new cars were financed through loans or leasing, according to a survey by the market research institute Ipsos.

The FMH-Finanzberatung in Frankfurt has therefore investigated for the Handelsblatt where buyers can take out the best car loans. To do this, she compared 23 providers on the German market.

“It is noticeable that the providers have increased their interest rates enormously in the last twelve months,” says Carlos Lopes da Costa, data analyst at FMH. Nationwide offers have increased by 64 percent at the top, regional providers have even made their loans more expensive by up to 74 percent. At 70 percent, the interest rate is the most important cost factor in the evaluation.

Not surprising when it comes to credit financing: creditworthiness-dependent interest rates were rated higher and thus perform better in the ranking than those for which the customer’s creditworthiness is irrelevant