A secured loan for the purchasing of a car or vehicle can provide both larger amounts and superior terms compared to a non-secured loan. This provides extra leeway in terms of purchasing decisions, repayment flexibility and the repayment period of the loan.
Compare quotes with our car loan calculator, with a second bad credit car loan quotes also available for those with less-than-perfect credit histories.
Secured loans for cars and vehicles can either be purchased from a specialist car loans provider or using a standard loan that is tailored to the car market. Both have advantages and disadvantages, and it is down to the customer to read the small print and decide which is more appropriate for them. Customers usually look for a loan agreement that is within their budget, is not too long and allows for flexibility in terms of either repaying early or delaying in the case of unforeseen circumstances. It’s also important to ensure there are no hidden surprises or charges in the loan agreement.