Anyone looking for a car loan despite private credit and without guarantor will quickly realize that this is a pretty hopeless venture. The reason for this is the fact that the lender will in principle find no clue that promises anything near a little security. So why should he agree to a loan on such bad terms?
Taking out a loan without a prior shufa query always means that the borrower has something to hide. If that was not the case, he would agree to a private credit query. The private credit stores all transactions that determine the creditworthiness of the consumer. The private credit always provides information about these things, for example when they are asked to borrow or to conclude a telephone contract. Otherwise, the data are locked up and will not be published.
Since the lender does not have this data available, he would have to secure his credit by other means. But this is possible at most over higher interest rates. Because even if no guarantor is available and maybe even unemployed, nothing can be accessed here.
For this reason, even as a borrower you should realize that a car loan despite private credit and without guarantor is not recommended. However, if you need a car that needs funding, you have to do it in other ways. Maybe you can take out an interest-free loan within the family. Parents, siblings or children will certainly help out with existing liquidity. And if the money is not there, then perhaps a family member can also take a loan in the most critical case, to support the car buyer financially.
However, also here always the possibilities of repayment must be given. If you have no money, you can not pay anything. And certainly no one wants to cause another family member in financial trouble. The situation and the real benefit of the car must therefore be precisely analyzed and evaluated in advance. And then lets cih also find the right way, which is fair to all sides.