Car loans are specifically designed for the purchase of a new or second hand vehicle. There are many finance offers to choose from.
Car loans are an increasingly popular way to purchase a new vehicle. They offer numerous advantages, such as lower interest rates than dealer-financed plans and the freedom to drive the latest models without breaking your budget too much.
Consumer car finance debt has seen a marked increase, with an average amount financed per new car now more than doubling over 10 years.
A PCP loan allows you to borrow money based on your car’s depreciation rather than its total value, and make monthly repayments until you own the vehicle outright, typically after two to four years. At the end of this agreement, you have two choices: return it and start a new PCP agreement, or swap it for an all-new model.
Another popular car finance option is a hire purchase agreement, which lets you take the keys to a brand-new vehicle without paying upfront. However, unlike PCP, you’ll have to put down a deposit before taking possession of the car and your monthly payments will be higher.
Guarantor loans are an increasingly popular choice for those with bad credit, where someone agrees to guarantee your loan and step in if you can’t repay it. Although these can be great help to those struggling to obtain credit, they should still be taken seriously as this commitment puts both parties at risk.
Car Finance 247 is one of the leading online car lenders in the UK, providing flexible financing solutions and unparalleled customer service. Customer Service Car finance 247 UK offers customers several services to assist with purchasing the vehicle they require, including loan approval and car search tools. Furthermore, they provide exceptional customer support via phone …
Before shopping for a car loan, you should understand what you should avoid. While dealers will try to sell you a longer-term loan, it will end up costing you in the long run. Long-term loans give dealers more room to sell a car, but they also include extra payments. These can add up to big …
Considering the various options available, you might be wondering what’s the best car loan option for me. Here are a few options you can consider, including Banks, Credit unions, Private party lenders, and marketplaces. You can decide which one works best for your individual circumstances and needs. Keep reading to learn more about the benefits …
Whether you’re buying a new car or simply need some additional financing for the purchase, you need to consider the pros and cons of applying for car finance from a bank. While you may be tempted to buy a car from a dealership, it’s better for your wallet and your credit rating to use bank …
Is it Best to Get a Loan Or Car Finance From a Bank? Read More »
The first thing to understand about a car loan is its repayment terms. You can opt for a fixed or variable rate. You can also go for in-house financing or lease buyout. But which one is best for you? Here are some tips. Read on! You will find out which one is right for you! …
There are several ways to finance a new or used car. While you can save up for the purchase, preapproval and leasing may be the best way to go. Here are some tips on how to get preapproved. Leasing a vehicle is not a good idea if you don’t have a lot of money. Shopping …
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 …
A car finance loan or cash purchase? This article compares the benefits of each. Learn about negative equity, down payment, monthly payment and pre-payment penalty. Then, decide which option is best for you. Then, you can start your search for the perfect car finance loan. You will be glad you did. Read on to learn …
If you’re thinking about getting a new car, you might be wondering if taking out a car loan is better than using your savings. There are a number of benefits to both. First, you can avoid paying interest on the loan, which can save you money in the long run. Second, you can avoid paying …
Should I Take Out a Car Loan Or Use My Savings to Finance the Full Amount? Read More »
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 …
The majority of new cars purchased in the UK are financed. In fact, PCPs make up 75% of the car finance market in the UK. Furthermore, 2.1 million private car buyers finance their car through FLA members. Interestingly, one-third of consumers do not know that multiple applications for credit can damage their credit score. So, …
Car Loans Bad Credit – have you picked out your next car or van? However, you now find out you cannot get finance for it due to having some bad credit. If you’re looking for a car loan, but have bad credit, you may be wondering where to turn. Fortunately, there are a number of …
Use a car calculator for vehicle finance to work out what your monthly payments are going to be. This is a great tool to help you see if you can afford the car and the finance you are thinking of going for. If you’re looking to finance a new car, you’ll want to use a …
Have a look at the car finance companies we advertise, completely without obligation. Even if you have some bad credit history. There should be a type of credit to help you get the vehicle you want. If you’re looking for the best car loan finance option with a zero deposit and guaranteed approval, then you’ve …
Auto loans bad credit – thinking of getting a new car? But you have bad credit and have been refused elsewhere? We can help advise you on auto loans for bad credit lenders on the market to go to for help and advice. We can guess from your search for auto loans with bad credit that …
Find Poor Credit Car Loans – are you trying to find car finance for your next car, but your credit score keeps working against you, and no one seems to be giving you a chance? Does this situation sound familiar? Well, we are here to say don’t be disheartened, you just haven’t found the right lender that …
0 Deposit Car Finance – finding it hard to get accepted for a car loan? Is your credit score putting the handbrake on any chance of you getting vehicle finance? Feel like there is no where you can put the indicator on to to direct you to the car loan you need? We say no …
No Credit Check Car Finance Companies – looking to buy a new car? How much are you able to afford? If you don’t know the answer to this question it is extremely important for you to work this out before looking for a new motor. Find Out About No Credit Check Car Finance Companies You …
Are you wondering what is the chance of getting Guaranteed Car Finance if you apply for a car loan? This really does not depend on many factors. Your chances of Guaranteed Car Financing depend on basically verifying who you are and where you live. Your current circumstances will have an influence on your chances of …
Get Car Finance With Bad Credit – when taking out any kind of credit it can be a real mine field on where to go, how much to borrow and what it all entails. Have a look at these companies by clicking on the links to get more details of each one. We hope we …