We are pleased to welcome another new partner bank in the credit comparison of Car Lending: Car Lending is now cooperating with the Bank of Auto – Scotland . This extends our comparison with a financing offer especially for your car loan – and at negotiated special conditions.
The Bank of Auto – Scotland has existed since 1695
Making it one of the most traditional banks in Europe. Its headquarters are in Edinburgh, Scotland, while its German office is based in Berlin. Its activities include, in particular, current and savings accounts, credit cards and personal loans in the form of car loans. With more than 100,000 employees, it serves around 30 million private and business customers as part of the Lloyds Banking Group.
As a pure online bank, Bank of Auto – Scotland offers its clients a wide range of products with a variety of products, which are particularly attractive due to their favorable terms. In addition to trust and stability, it stands for reliability, transparency and seriousness.
Details on Bank of Auto – Scotland Car Loan
So if you want to fulfill the dream of a new car, you should not miss the attractive conditions of the car loan of the Bank of Auto – Scotland : the auto-financing is already at a credit-worthy interest from 2.53% eff. pa and can be used for credit amounts of € 3,000 to € 50,000. The Bank of Auto – Scotland car loan is also characterized by its long term. While other auto financing loans often only offer terms of up to 72 months, the longest term at the online bank is 84 months. Another special feature of this special credit is that no permanent employment must be proven and that a special repayment is possible at any time free of charge. As a result, this financing offer offers you a high level of flexibility and the loan can be redeemed early without any problems, without having to pay a prepayment penalty to the bank.
Special features of a car loan
The car loan belongs to the so-called loans with earmarking. This means that the sum of the car loan may only be used for the purpose defined in the loan contract. The advantage for the borrowers in such an earmarking are the even cheaper car loan interest rates than with a conventional installment loan. An online car loan offers additional benefits in terms of payout, processing time, etc. The fast payment and the short time for processing the documents usually ensures the consumer even the so-called cash payment discount at the dealer. This goes down with the purchase amount, if the sum can be paid in full and at once. Read more about car loan in the blog articles car loan calculator from Car Lending: low on the new car and car loan comparison – it should be noted.