Car loans with or without fixed interest rates

Here you can compare your options and thus also see the difference between a loan with no fixed interest rate and one with. If you need a car loan for a new or used car, use our calculator that shows you where you can borrow the money and what it will cost.

Info about loans with and without fixed interest rates

Info about loans with and without fixed interest rates

It can be difficult to assess which loan to choose. There are many possibilities. Both in terms of maturity, loan amount and whether it should be at fixed or variable interest rates. It all depends on what suits your finances and what you think is the best solution for you.

There can be a big difference in the type of loan that gives you the most benefits. Ultimately, it is speculation as to whether you believe the interest rate on a variable loan, staying at an acceptable level, falling to a more favorable level, or whether the interest rate is rising and thus making your loan even more expensive.

If you take out a car loan with a long maturity, a variable interest rate may be more uncertain as there will be more uncertainty over a long period. Over a short period of time, it can often be worthwhile to choose a variable interest rate, as the interest rate on this type of loan is typically cheaper.

Advantages and disadvantages of fixed interest rates

Advantages and disadvantages of fixed interest rates

The benefits of a fixed interest rate are relatively obvious. It gives you as a borrower a sense that you do not have to keep an eye on whether the interest rate rises and you thus get a more expensive loan. In the case of a longer-term loan, it is therefore advantageous to be able to choose a fixed-rate loan, since no one can predict how the interest rate will develop. In addition, it will be an advantage that you do not risk a loss for you who may have a relatively tight economy that does not allow for the large fluctuations in expenses and revenue.

Disadvantages  of a fixed-rate loan are that it is typically offered at a more expensive interest rate than a variable loan. In addition, you will not be able to take advantage of an event. interest rate decline and thus lower your performance. The short-term loans will typically pay off at a variable interest rate.

Advantages and Disadvantages of Car Loans Without Fixed Interest

Advantages and Disadvantages of Car Loans Without Fixed Interest

The advantage of not having a fixed-rate loan is, as mentioned earlier, that you can benefit from interest rate developments. If interest rates fall, so will your benefits. Thus, good money can be saved. In addition, the interest rate on a variable loan, without a fixed interest rate, will most often have a cheaper interest rate, as there is a greater risk involved.

The disadvantage, of course, is that interest rates, as well as falling, can also rise. If interest rates rise, your benefits will follow. Thus, it requires that you have the space and profits in your finances to handle this type of loan. Hence, the disadvantage of mental insecurity will also come into play. You should preferably have cold water in your blood to choose a variable loan.

Here’s how to find a good car loan with fixed or variable interest rates


It is important that you assess whether your finances are tight. If you do not have a large available amount, or do not know the future prospects of any income and expenditure changes, then it may be a good idea to choose a fixed-rate loan.

In relation to the down payment, you should consider whether you can afford to put up an amount that gives the lender more security. It will affect the interest rate level. In addition to choosing a loan that suits you, in terms of maturity, benefits and interest, it is of course important to keep an eye on where you can get the lowest APR.

By using a comparison service, you get the full overview of your loan options. This way you do not have to contact every single loan provider to hear about their options. With us, you thus have the opportunity to choose the loan you need.

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