Used Car Loans

Not just second-hand options

The majority of drivers will buy a used car at some point in their lives. Buying a new model is an expensive option for most of us, so we tend to rely on the used car market to get the vehicles we want.

You can get a used car from various sources nowadays - you can visit a second-hand dealer, buy from a private individual or even buy one over the Internet. It's never been easier to find the perfect vehicle for your needs.

Problem is there is also a lot of choice for the used car loans you'll need as well - and it's not as easy to make the right choice here! All too often we simply agree dealer finance or go to the bank we deal with to organise our loan because it's quick and simple - but this won't necessarily save you money and may actually cost you more.

Looking at the whole picture

The problem for many people buying used cars in the past was the minimum amounts terms set by many lenders. If you were lucky enough to find a real bargain you could often find that the cash you needed fell short of the minimum used car loans many lenders had.

Nowadays your options for a used car loan are far wider. You can simply take out standard UK personal loans online to get the cash you need. This can be a secured loan on your property or an unsecured loan if you're not a homeowner. This kind of option lets you play the market to get the best available interest rate deals.

You can even use your mortgage to raise equity cash - although do be aware that you may ultimately pay more with this kind of option as it will be longer term than other loans because it will last the length of your mortgage.

And, many general lenders will also now offer special vehicle loans deals - these can include deferred payment loans or even loans with freebies or discounts on car related services such as breakdown cover. These types of loans are often unsecured and work very much like standard personal loans.

Choices, choices

So, do you go for cut-price interest rates but longer repayments by releasing equity from your home? Will free breakdown cover really cut your costs overall? Is it worth taking out a simple unsecured loan when you'll have to pay higher interest rates? Can you borrow the cash you need from a secured loan? Making sure you get to know your best used car loan choices isn't easy.

To get the best used car loans choices you need to know where you are financially, what you want to borrow and how the loan you choose is likely to impact on your future. This isn't just about comparing rates - it's about looking at the overall used car loans market. And, as mentioned earlier, this isn't an easy task.

Well, it's easy with us. All we ask you to do is to tell us a little about what you want to borrow and where you are in life. Once we know that we can help you choose from all of the used car loans deals and offers in the entire UK lending sector. It doesn't matter how little or how much you want to borrow - we can help you work out the loan that's best for you.

Our overall aim is to get you a used car loans package that costs you the least amount of money possible - to help make this happen we have also negotiated a range of discounts from our lenders that will be deducted from your overall deal. Get in touch - we're the easiest choice you'll have to make!

OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.25% to 27.60% APR
The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Special plans on different terms for clients with CCJ's arrears, and for the self employed without income proof. (fees may apply but only on problem cases - max 10% - no loan, no fee)
All loans subject to status in the UK to home owners aged 18 and over and may be secured on property. Written quotations available on request. Other terms and amounts available