Auto-Tuning 2020 - what should car owners pay attention to?

Recently updated on November 19, 2020 at 11:30 am

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Car owners have many options when it comes to tuning. With individual changes and modifications to the vehicle, performance and driving characteristics can be improved or the optical and acoustic design of the car can be changed.

Vehicle tuning as an expensive hobby

Which tuning methods are particularly suitable for upgrading cars, trucks or motorcycles depends on various factors. The biggest tuning events in 2020 are used worldwide to find out about current tuning trends and to watch hot shows. Not everything is allowed when tuning. The legal basis for the type approval can be found in § 22a StVZO. Due to legal regulations, everyone Equipment on vehicles are built on in an officially approved type, regardless of whether the components are subject to approval or not. The most important tuning components affected by this regulation include the tires, the overrun brakes and the front protection systems. When tuning the car, you must also pay attention to the statutory provisions when it comes to foiling, using additional headlights and other lights, and when changing seat belts and restraint systems for children.

Depending on the car, vehicle tuning can be expected to be expensive. Since tuning measures such as engine tuning, chassis tuning and body tuning or the chip tuning required to increase the car's performance are often carried out in a workshop, the workshop costs must be taken into account in addition to the costs for the tuning parts. The question arises as to whether high workshop bills should be paid in cash or financed in the form of a loan. When paying in cash in the workshop, there is often the option of negotiating a discount. However, if payment of the invoice requires an overdraft, alternatives should be considered, since overdraft interest is usually expensive. One of the decisive advantages of a loan is the quick availability of the loan amount so that outstanding bills can be paid immediately. In addition, the loan interest is usually significantly lower than the overdraft interest due. It is often worth taking out a new loan to replace an existing loan in favor of a new one with more favorable interest rates.

Under certain conditions, a loan can even improve the credit rating by writing out the sum as equity. Since the various loan offers can differ significantly from one another in terms of their loan terms, interest rates and fees, it is recommended that you first find out all the details related to borrowing. A loan should meet individual needs and must match the intended use, so it is advisable to compare several options using a loan calculator. Usually, loan calculators that can be found on independent consumer portals work on a simple principle. To find the right loan, you only have to enter some data into the online calculator, such as the amount of the loan you want, the term of the loan and the APR. The system then determines the available credit options so that a non-binding credit request can be made online.

How can tuning measures be financed?

It makes sense to pay attention to a low monthly charge in order to avoid financial bottlenecks during the repayment phase. The monthly additional financial burden is considered the biggest disadvantage of loans, which is often not taken into account when borrowing. In addition to the actual payment of a loan, the loan interest must always be paid. In extreme cases, if an excessive amount is taken up carelessly or one's own financial resources are overestimated, overindebtedness can arise. It is therefore important to set the credit line before you take out a loan. Personal loans to finance personal expenses such as tuning measures, car accessories or vehicle spare parts are mostly installment loans that are repaid in monthly installments. In order to obtain a loan, bank statements and proof of salary must be made available to the lender.

In principle, every adult can apply for a loan in Germany. A loan is usually approved if the borrower is in permanent employment. Although groups of people such as trainees, the unemployed or the self-employed do not have a chance at many banks to get a loan, there are certain ways to still get a financial injection, so that a loan application is definitely worthwhile. Due to the low income, apprentices are often granted a traditional installment loan on a smaller scale (maximum 3.000 euros). An alternative for trainees is the credit line, in which a certain credit line is agreed with the lender, which can be called up at any time if required. The cheapest option is the education loan, which is characterized by a low effective interest rate and does not require any collateral. Since the self-employed often do not have a regular income, credit inquiries are often rejected.

Nevertheless, freelancers or the self-employed who need a loan for their own company can reach an agreement with lenders by leaving the purchased vehicles, machines or tools in the form of a transfer of ownership to secure the loan. In the case of a personal loan for the self-employed, criteria such as the stability of the company in the credit check are given special consideration. For companies that have been on the market longer, there is a greater chance of getting a loan than for newly founded companies. Unemployment is usually linked to a financial low. If you don't want to do without car tuning or other hobbies during this time, you have significantly fewer opportunities to get a loan, but it is still worth asking for a so-called small loan. The small loan is a manageable amount, so such a loan is often granted, especially if there is a solvent second applicant.

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