Consumer tip: interest rates on car loans are falling – car prices are rising

Consumer tip: interest rates on car loans are falling – car prices are rising

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Consumer tip: interest rates on car loans are falling – car prices are rising

D.he car prices have risen further in the Covid-19 pandemic and are in some cases at record levels. However, the interest for car financing is even lower than before Corona. The more expensive cars are therefore easier to finance. This is the result of a comparison of the online broker Smava, which also provides car loans, among other things. Max Herbst from FMH-Finanzberatung confirmed this development on request with the tendency that the installment rates have been lower since March than last year.

For the development of car prices, the study relies on surveys by the Deutsche Automobil Treuhand (DAT) for new cars and the mobile.de trading portal for used cars. Accordingly, the new car prices for an average vehicle rose to an average of 36,340 euros last year despite Corona, an increase of at least 8.2 percent compared to the previous year.