Denmark’s Cheapest Car Loan this year

More and more Danes are financing their new car with a car loan. However, this has not made the world of car loans easier and clearer – some would say, on the contrary. Because there are many factors that you should keep in mind when comparing car loans.

Here, Good Finance has collected the top car loans with the lowest and highest and with and without a down payment, to give you the best overview. Choose the loan amount and loan period and find the loan that works best for you – free and no obligation!

Denmark cheapest car loan


When you need to find the cheapest car loan in Denmark, you should, among other things, keep an eye on the car loan’s APR, interest rate and monthly payment. When comparing car loans it is important that you compare car loans that have the same terms and conditions. That way you get the best and most accurate comparison.

You can also find the cheapest car loan in Denmark by having a car loan with the most accurate maturity. The maturity is the period during which you pay off the loan. Therefore, it is recommended that you set the maturity to a period which corresponds to the period in which you have the car. This way you avoid paying for a car that you no longer own.

Our four examples of car loans are calculated * based on the fact that our fictitious person would like to buy this year’s car in Denmark 2020. The Citroën C4 Catctus is available from USD 170,000, and our fictitious person, therefore, wants a payment of USD 50,000 with maturity at 7 years.

Denmark’s cheapest car loan 2020 – without payment


Some loan providers give you the option of taking out a cheap car loan without a payout, that you have to provide some sort of collateral. If you take out a loan with a down payment, it means that you have to pay a percentage or percentage of the loan in order to take it out. If the car loan payout e.g. is 20%, then you have to pay 20% of the loan yourself. If you borrow USD 150,000 and have a payout of 15%, then you have to pay yourself USD 22,500 to get the loan.

The payment provides a guarantee for your loan provider that you have money in the account and that you are thus able to repay the loan. When you borrow money in your bank, you usually don’t have to provide collateral to get your cheap car loan. We have therefore listed the 5 cheapest car loans with a maturity of 7 years, which you can get without having to make a security. The cheap car loans are sorted by the OPP. A loan without collateral can also be combined with your existing loans in a collateral loan.

For all car loans

There are some extra expenses on top of the loan itself. This includes a monthly set-up cost, administration fee, and 1.5% stamp duty to the state. The latter occurs when entering into asset transfer agreements, as is the case when lending loans. In addition, there are usually fees in whole or in part of the repayment of the loan and/or a fee when the mortgage is canceled in connection with the car loan termination.

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