Expansion: bank cooperates with mobile market and strengthens its position in the car loan market

Germany’s largest mobile market mobile.de and the credit portal Smava are cooperating with immediate effect. The monthly more than 15 million users of mobile.de can thereby compare directly over the marketplace more than 70 credits of 25 banks and lock the most favorable credit.

Growing market segment: 4 out of 10 cars are financed

According to a study conducted by GfK on behalf of the Banking Association, since 2014 the share of financed cars has risen steadily from 27 to 38 percent in 2017. On average, 15,500 euros were financed over a period of 50 months last year. “Car financing is playing an increasingly important role. In order to further simplify the purchase of cars, we would like to support our users in this phase of the purchase process in the best possible way. With the credit comparison and the free advice of the credit experts of Smava we succeed “, explains Malte Krüger, managing director of mobile.de.

Credit comparison during the purchase process

According to the GfK study, buying a car is the most common reason for financing. What many do not know:

“Despite low interest rates, there are large price differences in car loans. The interest margin ranges from 0.69 to over 10 percent. The offer is difficult for consumers to overlook. As a result, many car buyers pay too much for their credit. In order to prevent this, the users of mobile.de can now, with our help, find the best offer for them, “says Alexander Artopé, Managing Director of Smava. “Our mission is to make consumer loans transparent, fair and affordable. We are now able to do this directly in the car purchase process. We are therefore very pleased to have mobile.de the largest vehicle market in Germany as a partner on our side. ”

This is how the cooperation works

Even while searching for a vehicle, users can find out about suitable financing options on mobile.de. All you need to do is click TexasTitleLoan.Net and specify the desired loan amount and term. This gives users an overview of the eligible loans and their terms. Smava looks for the lowest interest rates and the highest payout probability on the basis of the data. As a result, users get credit offers tailored to their individual needs. As a result, they not only save time but on average also up to 2,000 euros.