Car Loans

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

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 …

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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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