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All loans are subject to status and eligibility and you must be over 18 and a UK resident to apply. The interest rate we offer you is based on how much you borrow. The minimum rate we offer is 6.9% APR and the maximum rate is 28.9% APR. Our application form is down.
- Selling a Car
If a dealership offers a trade in, you’re limited to their...
- Buying a Used Car
There’s a cost involved in that. But the cost of a car that...
- Selling a Car
Car finance agreements tend to involve higher interest rates than personal loans, and are usually more expensive when looking at their total cost. The rates you get will depend hugely on your credit score too, and if yours is low, you may not be able to access the cheapest deals.
Aug 26, 2024 · The better your credit rating, usually the lower the loan rate you’ll be able to get. The best rates are usually also available on larger loans – so typically those wanting to borrow around £5,000 or more. As a general rule smaller sized loans tend to have higher interest rates.
- You’ll usually have to be 18 or older to be eligible for a car loan. If you have a good credit score it will be easier to be accepted for a car loa...
- Most of the main high street banks offer personal, unsecured loans which you can take out to buy a new or used car. If you apply to a bank for a lo...
- The APR or interest rate you’ll be offered on your loan will depend on your personal financial situation and your credit score. The better your cre...
- Car finance is a catch-all term used to describe different ways you can pay for a car on credit – if you can’t afford to pay in full in cash. Car d...
- As with any personal loan application you will need to provide information about yourself when you apply. The loan company will need your name and...
- It depends on the loan provider but it is usually fairly quick. Once you’ve been accepted for a loan the cash could arrive in your bank account wit...
- You can use a secured or an unsecured loan to pay for a car. With a secured loan you must put up an asset – usually the vehicle you are buying – as...
- You can usually pay off your loan early, but you may have to pay an early repayment charge. Ask your lender to send you an early repayment settleme...
- It isn’t usually possible to increase the amount of your personal loan once it has been agreed and paid out to you. If you need to borrow more you...
Apr 20, 2021 · Interest rates for personal loans are often higher than those offered by car makers, too. One of the big benefits of buying a car with a loan is that you won’t be restricted by mileage...
- Steve Huntingford
Can you afford the monthly repayments? Budget carefully to ensure you can afford repayments, plus extras such as insurance. Do you want to own the car? If you want to own the car, consider Hire Purchase (HP), Personal Contract Purchase (PCP) or a car loan. Can you afford to pay a deposit?
If you're looking for a loan for a car, check out the best-buy rates below, though remember, the advertised rate isn't necessarily the one you'll be offered. Up to 49% of people accepted for the loan could be given a different – usually higher – interest rate.
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Jul 19, 2024 · 18 Jul 2024. Car finance options explained: how to get the best deal. Discover the different car finance options to find out which is best for you. DB. Dino Buratti Researcher & writer. In this article. What are the different car finance options? Hire purchase. Personal contract purchase. Personal car leasing. Car subscriptions.
