Loans for Students to Buy a Car

Many students these days are forced to live at home due to the expense of living in halls or in a shared house, but this often means they will need to have transport in order to get to and from lectures.

Buying a car almost seems out of the question, but there are specific loans for students to buy a car. As a student, you should only buy a car if it is entirely necessary – if you do decide to get out a car loan, make sure you shop around to find the best deal and keep in mind:

  • Affordability: It is not just the loan repayment you will have to budget for, cars are expensive and you will also have to pay
  • Flexibility: You will want to go with a lender that gives you a choice of fixed rates and a choice of repayments terms to fit your circumstances i.e. you may want to choose a repayment term that matches your university course.

Our FREE car loan calculator compares all the leading UK lenders to find you the best car loan available.

LenderMin - Max LoanCredit HistoryRepresentative APRTermApply
£1,500 - £50,000Good to Poor Credit19.1%2 to 5 YearsGet Quotes >
Take charge of your car finance with Zuto. Loans of £1,500 - £50,000 for 2-5 years. Representative Example: The Representative APR is 19.1% (fixed) so if you borrow £7,500 over 49 months at a rate of 19.1% p.a. (fixed) you will repay £218.78 per month and repay £10,501.26 in total. b>

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