Car loan without submitting a vehicle letter (keep the vehicle letter)

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Car loan without car registration – A flexible financing model for your dream car. There are banks where you can take out a car loan and keep the car registration. This also includes my recommendation: Der ING DiBa car loan without vehicle registration.

In the case of a car loan without a car letter, there is no security transfer. So you are the owner and owner of the vehicle. This gives you the freedom to sell the car at any time.

Konto-Kredit-Vergleich.de provides all information and recommendations on the subject of car loans without a vehicle registration document for used and new cars.

For those who make quick decisions: You can get a car loan where you can keep your vehicle registration document, for example with the unproblematic one ING* or Norisbank* .

⚠️ Do you have bad credit and need a new car? In the guide: Car loan without SCHUFA query you will find an alternative way to get a car loan despite bad credit. ⚠️

Financing without a car letter has a decisive advantage over a conventional car loan. Because you can keep the KFZ registration, the vehicle can be sold without any problems. After all, you can simply hand over the vehicle registration document to the new buyer. Surprisingly, financing without a car letter is hardly a disadvantage for the bank either. This is especially true for long-term loans without a car letter. The reason is the depreciation of the vehicle.

>> Comparison: buy finance or lease Auto Bar? The advantages and disadvantages of car financing compared to leasing or cash purchase. <<

Car loan without vehicle letter submission - which bank?

Financing a used car without a vehicle letter is possible with norisbank, ING, the Bank of Scotland and 1822direkt. ING offers a car loan where you can keep your registration document independent of creditworthiness at. This means that the interest rate is fixed. So you know right from the start what you are getting yourself into.

All providers have interest rates well below 3 %. However, everyone under 3 receives % interest at the ING. With the banks norisbank, the Bank of Scotland and 1822direkt such low interest rates are only possible with good credit ratings. Due to the transparent fees and quick approval, we recommend the ING car loan. You can find further conditions for the two car loans without a vehicle registration certificate in the table below.

>> Interested in a car loan with submission of the vehicle registration document? Have a look at Used car loan comparison after current offers.<<

Car loan without submitting a vehicle letter – 6 banks offer the loan

Bankloan amountDurationFinancing without vehicle registration
Interest rate independent of creditworthinessSubmit proof of purchase?More information

noris bank car loan
1.000 €
until
50.000 €
12 months
until
96 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ❌
✅ No, proof of purchase does not need to be submitted

To offer:
norisbank.de


ING car loan
5.000 €
until
75.000 €
24 Months
until
84 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ✅
✅ No, proof of purchase does not need to be submitted

To offer:
ING.de


Bank of Scotland car loan
3.000 €
until
50.000 €
24 Months
until
84 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ❌
❌ Yes, proof of purchase must be submitted
To offer:
bankofscotland.de


1822 direct car loan
2.500 €
until
50.000 €
12 months
until
120 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ❌
✅ No, proof of purchase does not need to be submitted
To offer:
1822direkt.de


SWK Bank car loan
5.000 €
until
50.000 €
24 Months
until
84 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ❌
✅ No, proof of purchase does not need to be submitted
To offer:
SWKbank.de



DSL bank car loan
3.000 €
until
50.000 €
48 months
until
120 months
Without vehicle registration ✅
Interest rate independent of creditworthiness: ❌
✅ No, proof of purchase does not need to be submitted

To offer:
Credit.DSLbank.de


Difference between owner and owner in a car loan

With a car loan without submitting the vehicle registration document (transfer by way of security), you are owner and proprietor of the car. A big advantage, because you can sell the car at any time. With a classic car loan, the bank has the vehicle registration document. This makes her the owner of the car and a sale is only possible if you can offer the bank alternative security in return.

An owner of something is whoever has access to it. The matter is therefore in the sphere of influence of the owner. In contrast, ownership of a thing is the right to exploit and control over a thing. The owner has the right to sell the thing. If the owner uses the thing himself, he is also the owner.

 

Car loan without submitting a vehicle letter – no disadvantage for the bank

Free special repayments or installment breaks can further increase the attractiveness of a car loan without a letter.

In the past, depositing the vehicle registration document with the bank represented important security for the bank. After all, the bank acquires ownership of the car until it has been repaid in full and thus also the right to sell the vehicle. However, the rapid fall in value of the bank's vehicles puts a spoke in the wheel. The vehicle value can quickly fall below the outstanding loan amount, so that the bank can no longer get all of its money even if it is sold. In addition, the procedure for the bank is associated with considerable effort and additional costs for the sale.

Since retaining the vehicle registration document is no longer up-to-date for some banks, alternative securities are required. That is why banks check creditworthiness and income more strictly or require additional borrowers or solvent guarantors. at Balloon Financing the conclusion of a residual debt insurance may also be required.

By the way: Offers for the car loan, where borrowers keep the vehicle letter, are also available through the ADAC.

Used car financing without a letter. For example, finance a classic car like the Nissan Capri with a car loan and keep the vehicle registration document.
Used car financing without a letter. For example, finance a classic car like the Nissan Capri with a car loan and keep the vehicle registration document.

Car loan without car registration: No problems with car sales

If, for whatever reason, the car suddenly has to be sold, potential buyers usually want to see Part II of the registration certificate, i.e. the vehicle registration document. Finally, the buyer can find out about the number of previous owners in the vehicle registration document. Therefore, a cheap car loan, in which the vehicle letter remains with the borrower, prevents problems when selling a car. Because if the vehicle letter is deposited with the bank, the bank has a say in the sale and can also refuse the sale under certain circumstances. In any case, the bank will only issue the letter again after the purchase price has been paid.

Car loan without submitting a vehicle letter – where to get a car loan without submitting a vehicle letter?

You can get a car loan from the following providers and keep your vehicle registration document:

Financing used cars without a vehicle letter from Norisbank

The norisbank used car loan is available for net loan amounts between EUR 1,000 and EUR 50,000. The term can be freely chosen between 12 and 96 months. In addition, the car loan without a vehicle letter allows free special repayments once a year. Up to 50 % of the outstanding amount can be redeemed annually free of charge. In addition, the contract can be revoked within four weeks of the conclusion of the loan. If you can present norisbank with a cheaper offer from another bank, there's even an additional 50 euros for the revocation.

Bankloan amountDurationFinancing without vehicle registration
Interest rate independent of creditworthiness
financing
without proof of purchase

 

noris bank car loan
1.000 €
until
50.000 €
12 months
until
96 months
Without vehicle registration: ✅
Interest rate independent of creditworthiness: ❌
Yes, proof of purchase must be submitted: ❌
To offer:
norisbank.de

ING car loan keep the car letter

ING (formerly: ING-Diba) convinces with a very transparent offer - the interest rate is the same for all customers and does not depend on their creditworthiness.

In addition, the ING car loan can be used for any vehicle without a vehicle registration certificate. whether it is a car, motorcycle or mobile home is irrelevant. It doesn't matter whether you have a two-wheeler or a four-wheeler: You can keep the vehicle registration document for both the car loan and the motorcycle loan. Even for smaller motorcycles without a registration document the credit can be used.

With the ING car loan without a vehicle letter, amounts from 5,000 to 65,000 euros and terms of 24 to 84 months are available for car financing. Furthermore, no deposit is required. In addition, special repayments are possible at any time.

Due to positive experiences with ING, and the fact that the bank also when opening checking accounts and the construction financing is considered very unproblematic, I can recommend it without reservation. I have one myself Current account of ING* and like many people in my circle of acquaintances, I am quite satisfied with the functionality and in particular with the unbureaucratic and friendly support of the bank.

The processing of the ING car loan is also very easy. As a rule, the proof of purchase does not have to be submitted. In this way, ING reduces the bureaucratic effort for borrowers to a minimum. In addition, as a borrower at ING, you can make free special repayments at any time. You can even pay everything back at any time.

Bankloan amountDurationfinancing
without vehicle registration
interest rate
independent of creditworthiness

financing
without proof of purchase
More information

ING car loan
5.000 €
until
75.000 €
24 Months
until
84 months
Without vehicle registration: ✅
Interest rate independent of creditworthiness: ✅No, proof of purchase is not required: ✅To offer:
ING.de

Alternative ING DiBa car loan without vehicle registration document: Bank of Scotland*

Even with the traditional Scottish Banc of Scotland, a car loan is now possible without depositing the vehicle registration document.

It is also possible to obtain a car loan and keep the vehicle registration document at the 1822 direct*

With the offshoot of the Frankfurter Sparkasse 1822direkt, a car loan can be taken out without depositing the car letter.

Alternative ING DiBa car loan without vehicle registration document: SWK Bank*

The Süd-West-Kreditbank or "SWK Bank" is flexible. The bank from Bingen in Rhineland-Palatinate offers both car loans with and without depositing the car letter.

It is possible to get a car loan and keep the car registration at the DSL Bank*

At the DSL Bank, car financing is only offered without depositing the car letter. If you have to sell your car, you remain flexible with the DSL Bank as a partner.

Keep car loan car letter: ADAC

Cheap loans without a letter are also possible here. Take a look at the homepage.

Car loans without vehicle registration as collateral

If, as a borrower, you can show little collateral such as a permanent job or similar, the bank is still happy to accept the vehicle registration document as minimum security. Incidentally, it is a bad idea to conclude a second financing contract with a letter from another bank if you already have car financing in place without a letter. This exposes you to a high risk of not being able to service the loans in the future.

The advantage of a used car loan without a letter is the greater flexibility when selling a car. The point is not to use the vehicle registration document as a "clean bill" for further debts.

Keep the car loan vehicle registration document - what is recommended?

Based on positive experiences with ING, both when opening checking accounts and the construction financing I can recommend her without reservation. I have one myself Current account of ING* and like many people in my circle of acquaintances, I am quite satisfied with the functionality and in particular with the unbureaucratic and friendly support of the bank.

ING further reduced the favorable interest rate for car loans without a car letter in the summer of 2020. This confirms my recommendation. The transparent nature known from the bank also shows how unproblematic ING is. With ING, the conditions are clear right from the start! So if you want to finance your dream car without having to gather X documents, this is the ING a good address. With an ING car loan, you can also keep the vehicle registration document.

Why take norisbank*, ING* 1822direct* and the Bank of Scotland* not your car as security?

ING and norisbank pursue a different strategy than all other banks. You don't have to hand in a vehicle registration document here. These banks will not take your car as collateral.

Do you also know this from other car financing? You must hand in the vehicle registration document as security. Not so with the car loan. Here you are the owner of the car, the registration document remains in your hands. Please submit a copy of the vehicle purchase contract afterwards – that is sufficient. Another advantage for you: With ING, you do not have to take out comprehensive insurance or an additional maintenance contract.

ING statement on "the question may I keep the vehicle letter for the car loan?"

norisbank makes a similar statement on the whereabouts of the car letter with your car loan:

You get our car loan with a low-interest guarantee without submitting the vehicle registration document.

Statement by norisbank on the subject of where the borrower's vehicle letter is kept

ING is constantly working on its reputation of being a fair and simple bank. For example, ING regularly requires fewer documents than other banks, regardless of whether it is for car financing or construction financing.

The bank also offers a fixed interest rate. With a robust credit rating coupled with a stable income (also as a self-employed person), there is a good chance of getting the coveted ING car loan.

norisbank has also simplified the granting process for car loans: norisbank does not require a vehicle letter. In contrast to ING, the interest rate at norisbank is linked to the creditworthiness. This means that higher interest rates are charged if the credit rating is poor.



Car loan without a car letter: Does the purchase contract have to be deposited?

Since a car loan is a earmarked installment loan, it may only be used to finance a car (or, depending on the bank, for a motorcycle or mobile home). In the Bank of Scotland* A copy of the sales contract must be submitted as proof. Other banks are more lax in checking earmarking. As well as ING*, norisbank* as well as 1822direct* want to make it as easy as possible for the customer. Thus, these banks refrain from checking purchase receipts.

BankSubmit the vehicle registration documentsubmit a purchase agreement
Santander*
🚫 Submission of car letter required✅ Sending in the purchase contract is not necessary
targo bank*🚫 Submission of car letter required✅ Sending in the purchase contract is not necessary
postal bank*🚫 Submission of car letter required✅ Sending in the purchase contract is not necessary
SWK Bank*✅🚫 Submission of car letter possible but not necessary✅ Sending in the purchase contract is not necessary
1822 direct*
✅ Submission of a vehicle letter is not necessary✅ Sending in the purchase contract is not necessary
Bank of Scotland*✅ Submission of a vehicle letter is not necessary🚫 Send in the purchase contract
ING*
✅ Submission of a vehicle letter is not necessary✅ Sending in the purchase contract is not necessary
Norisbank*✅ Submission of a vehicle letter is not necessary✅ Sending in the purchase contract is not necessary

ING DiBa car loan vehicle registration document

With the ING (formerly: ING DiBa) car loan, it is not necessary to submit the vehicle registration document. In addition, ING further reduced the favorable interest rate for car loans without a car letter in the summer of 2020. This confirms my recommendation. The transparent nature known from the bank also shows how unproblematic ING is. With ING, the conditions are clear right from the start! So if you want to finance your dream car without having to gather X documents, this is the ING a good address. With an ING car loan, you can also keep the vehicle registration document.

Check other alternatives?

A loan without a vehicle registration certificate requires a good credit rating. In the event of rejection, an alternative exists in the Used car financing despite negative credit bureau. In this way, you remain mobile even with a bad credit rating and do not have to give up your vehicle.

If you are still not sure about financing, leasing or cash purchase, I recommend the guide : Buy a car in cash, finance it, or lease it?

*Affiliate link: If you get to a provider via one of these links from my website and open an account there, I may receive a commission. This does not result in any additional costs for you. ❤️ THANK YOU for using these links! ❤️

Disclaimer: All information has been carefully researched. However, changes or errors cannot be ruled out.

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