Traditional leasing providers typically rely on the SCHUFA score to assess an applicant's creditworthiness. This often excludes individuals who can afford a vehicle but lack a perfect credit history.
Carrivo utilizes a different assessment method. Instead of relying on historical SCHUFA data, the approval process focuses on your current financial situation using Open Banking technology. This guide explains how this evaluation works and who is eligible for an Auto Abo.
Does Carrivo Check SCHUFA?
No. Carrivo does not perform a SCHUFA check.
Conventional scoring models often reflect past financial history rather than current financial stability. A negative entry from the past can lead to rejection, even if the applicant currently has sufficient income to pay the monthly rate.
Carrivo evaluates the application based on current financial reality. The primary criterion is affordability: does your current income and expenditure allow you to pay the monthly subscription fee comfortably?
The Evaluation Criteria
Instead of a credit score number, Carrivo reviews:
- Current income and employment status.
- General payment behavior (via Open Banking).
- Overall financial stability.
This data is processed in compliance with GDPR standards. The goal is to verify solvency without relying on rigid historical scores.
Who Can Get Approved?
Because the evaluation is based on real-time financial data, Carrivo often approves applicants who face difficulties with traditional leasing or financing.
Common customer profiles include:
- Young drivers: Individuals with a limited credit history.
- New residents: People who have recently moved to Germany and lack a SCHUFA record.
- Self-employed: Professionals with variable income streams.
- Rebuilding credit: Individuals with past financial issues who have stabilized their current situation.
The process does not use automatic rejections based on a single score. Each application is assessed individually.
Individual Solutions and Deposits
In standard cases, Carrivo does not require a deposit. The one-time setup fee (Startgebühr) covers the logistics and preparation of the vehicle.
However, if an application is not immediately approved based on the standard check, Carrivo attempts to find a solution rather than issuing a flat rejection. In these cases, a deposit or a partial upfront payment may be offered. This is not a penalty; it is a mechanism to enable mobility for applicants who present a higher risk profile but have adequate funds.
The Approval Process: Step by Step
The process is digital and structured to provide a quick decision.
- Online Selection: You select a vehicle, mileage package, and term (12 or 24 months).
- Identification: You verify your ID and driver’s license via a secure online tool.
- Financial Check: You connect your primary bank account via Open Banking. This allows the system to verify income and rent/expenses automatically.
- Decision: You typically receive a decision within 24 to 48 hours (on business days).
- Handover: Once approved and the first payment is settled, you collect the vehicle from a logistics partner.
Tips for Approval
To ensure the process runs smoothly:
- Select a realistic budget: Choose a vehicle and mileage package that fits your proven monthly income.
- Use your main account: Connect the bank account where your salary or primary income is deposited. This provides the clearest picture of your financial stability.
Summary
Carrivo prioritises access over exclusion. By removing the SCHUFA barrier and using Open Banking, the model offers a fair chance to drivers based on their actual ability to pay today, not their financial history from years ago.
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