Whether or not you can get cheaper car loans depends on your credit history, how much you want to borrow and over what payment period. If you have a poor credit history, the car loan deals offered to you will tend to have a higher interest rate and tighter control as the lenders try to protect themselves from the potential risks involved in lending to someone who has had financial problems in the past. Bad credit car loan quotes are available through our free online quotes & advice form.
But if you have a good credit history and are a homeowner, the security of your property coupled with the fact that you are a reliable borrower will mean the lender will be prepared to offer you cheaper car loans.
If you are prepared to shop around, you should be able to find a good deal, which should offer:
- No deposit or fees
- A low APR
- Low fixed monthly repayments
- No restrictions on mileage or use of the car
- Immediate transfer of funds
- Immediate ownership of the vehicle
Our FREE comparison service compares all the leading car loan providers in the UK so that you can find the best deal.