What is the best car loan

Car loans in the test: These banks offer the best conditions

Car loans have recently been getting cheaper

For the test, the conditions of the nationwide available car loans from 20 banks were evaluated. The interest rates for a loan amount of 20,000 euros with terms of 24, 48, 60 and 72 months were evaluated. The auditors have determined the cheapest offers for borrowers with the "best credit rating", but also the cheapest credit-independent loans.

The conclusion of “WirtschaftsWoche”: “The conditions for a car loan have become more and more favorable in recent years, like those for normal installment loans.” Borrowers benefit from the low interest rate policy of the European Central Bank. Some banks also offer particularly favorable terms for car loans. Finally, the purchased vehicle provides additional security.

The best car loans in the test

Consumers with the “best credit rating” can find car loans from three banks that were rated “very good”. Postbank was able to secure the test victory in this category. The top-rated Bank of Scotland and Barclaycard's car loan land just behind in the test.

ING (formerly: ING-DiBa) offers the best credit-independent car loan in the test. The special thing about offers that are independent of creditworthiness: All customers receive the same conditions. In addition to ING, only Degussa Bank achieved a “very good” result in this category. Third place went to the SWK Bank's car loan with an overall rating of “good”.

You can find the detailed test report with all the results in detail here at "WirtschaftsWoche".