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Car Loans

Car loans are specifically designed for the purchase of a new or second hand vehicle.

Is Car Finance a Personal Loan?

Auto dealerships offer financing for people with bad credit on-site. This type of finance is known as unsecured loans, as there is no collateral involved. Car dealerships can approve people with perfect credit, but they can’t approve those with bad credit. Personal loans are generally a lower interest rate, with longer repayment terms. If you …

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How Do Car Loans Work?

If you are considering buying a new car but don’t have enough money to cover the full cost, you may be wondering how to finance it. There are two main types of car finance, secured finance and unsecured finance. A secured loan involves the use of your car as collateral to ensure that the lender …

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