Drive your dream car today with our flexible car financing options. New or used, we’ve got you covered.
Monthly Payment: 0 €
Total Cost: 0 €
Rate: 3.9%
No commitment • Instant preliminary approval • 100% secure
A car loan is a secured loan specifically designed to help you buy a vehicle. The car itself serves as collateral, which typically results in lower interest rates compared to unsecured personal loans. At Privat Equity, we offer car financing for both new and used vehicles, with loan amounts from €5,000 to €50,000 and flexible repayment terms from 12 to 72 months.
Our competitive rates start from as low as 3.2% APR for qualified borrowers, and the application process is entirely online. Unlike traditional dealer financing, getting pre-approved with Privat Equity gives you leverage with the dealer, as you’ll know exactly how much you can spend before you even begin your search.
Financing your vehicle purchase offers several advantages over paying cash:
Preserve Your Savings: Keep your emergency fund intact while getting the car you need.
Build a Credit History: Making timely payments improves your credit score.
Get a Better Car: Financing allows you to afford a more reliable and safer vehicle.
Fixed Monthly Payments: Budget with confidence knowing your payment won’t change.
Flexible Terms: Choose a repayment period that fits your financial situation.
Tax Benefits: If you use the vehicle for business, the loan interest may be tax-deductible.
Getting pre-approved with Privat Equity gives you a guaranteed rate and amount before you even start your search, putting you in a stronger negotiating position. Dealership financing is determined after you’ve chosen a car, and rates may be less competitive.
Yes! We finance used vehicles from dealerships and private sellers. For private sales, we’ll need the vehicle’s VIN, current mileage, and condition details to determine the value and finalize your loan.
We typically finance used vehicles up to 8 years old at the time of purchase. The vehicle’s age, mileage, and condition all influence loan approval and interest rate determination.
No down payment is required, although making one (usually 10-20%) can lower your monthly payments, reduce interest costs, and potentially qualify you for better rates.
Comprehensive and collision insurance is required for financed vehicles to protect both you and the lender. You will need to name Privat Equity as the mortgagee on your insurance policy.
Absolutely! If you own your current vehicle outright, the trade-in value can be used as a down payment. If you still owe money on it, we’ll work with you to incorporate the remaining balance.
Yes! If interest rates drop or your credit improves significantly, you can refinance your car loan for better terms. We recommend waiting at least 6 to 12 months.
Your comprehensive insurance should cover the vehicle’s value. Any insurance payment is used first to pay off your loan balance.
Yes! There are no prepayment penalties on our car loans. Paying off your loan early saves you money on interest.
Perfect! You’ll simply borrow the amount you need for the vehicle purchase plus any associated costs. There’s no obligation to borrow the full approved amount.
