A driving license is not just the pleasure of driving a car for everyone. It is also a must for many, because many professions cannot be practiced without a license. It is often not easy to get a driver’s license, especially for young people who are just beginning their independent lives.
They often don’t have the money to do it because they don’t earn as much as their parents or other full-time employees. The driver’s license can still be sought, because whoever inquires exactly will receive a credit for the driver’s license.
Credit from the house bank
The house bank can be chosen as the first route. Here a credit for the driver’s license is very often granted. Applicants must remember that they need the parents’ signature if they are under 18. The parents are signed as guarantors if the loan is not repaid by the borrower. Without this signature, no credit will be granted for the driver’s license. Adults are solely responsible for the loan and do not need this signature.
The bank will ask about the apprenticeship contract or employment contract when applying. This ensures that the applicant can prove a salary. This must normally be higher than the garnishment allowance. Since trainees have a lower salary, they will receive a small loan. This small loan is enough for a driver’s license, which will cost around 2000 dollars today. The contract term is based on the employment relationship. If someone has a fixed-term contract or the training period is only two years, the loan contract will have this term.
Credit from the driving school
Some driving schools have set themselves up so that not everyone can pay for a driving license immediately. For example, some work with banks that issue a license for the driver’s license. But there is also the possibility to pay the driving hours in installments. Some driving instructors offer to pay the amount only once a month. As soon as the salary is in the account, the driver’s license can be paid with it.
No credit opportunities – no driver’s license?
If you think you can’t get a driver’s license if you don’t get a credit for your driver’s license, you shouldn’t give up too quickly. You can also get this loan in the form of a personal loan. Parents and grandparents could give out vouchers for Christmas or birthday by paying a few hours of driving. However, a small amount can also be borrowed from private individuals. In any case, the borrower should insist that a contract be drawn up, even if the money comes from family or friends.
The advantage of a loan for a private driver’s license is that it eliminates the interest that banks have to pay for a loan. Borrowers only have to pay the amount borrowed, but no interest, which makes the loan very cheap. In any case, the driving school should be asked how expensive a driving license could be so that enough money is available and the learner driver does not get into trouble and cannot end the driving school because the money will not be enough.