Car Loan Information

There are many ways to finance a car from a personal loan to manufacturer direct finance. The choice is huge so have a look at all options and don't get railroaded into the first finance agreement that's put in front of you.

Remember if the dealer is arranging the finance he will more than likely receive a commission.

Ways to finance your car:

Personal Car Loan
A personal car loan has many advantages for instance you can buy a new car or a private car saving yourself money, plus if you get bored of the car you can sell it when you want as the finance is not secured on the car.
This is the type of car loan we primarily specialize in. To get a free quotation fill out our online enquiry form.
We can provide you with a secured loan or unsecured loan for car purchase, the choice is yours.
HP/ Hire Purchase
With a Hire-Purchase agreement the car is hired until you exercise your option to purchase the rest of the car or come to the end of the agreement. With this type of agreement you don't own the car and cannot sell it without settling the finance and you must comply with the terms of your agreement.
Lease Purchase
Lease Purchase is a way to finance a car normally for businesses and companies and is a monthly rental agreement. You pay a deposit and then make rental payments until the end of the agreed term. The rental payment depends on the amount of deposit paid at the start of the agreement, the annual mileage of the car and the residual value of the car at the end of the finance term. Residual simply means what the cars value will be at the end of the agreement. At the end of the term a final payment is made which is normally equal to the residual value of the car.
Personal Lease
Similar to Lease Purchase a Personal Lease Purchase plan enables customers to acquire their favorite cars for a stipulated period and a specified mileage by paying fixed monthly installments. The monthly installments are calculated taking into consideration the original cost of car, specified mileage, contract period and the projected cost of the car at the end of contract.
Personal Contract Purchase is particularly useful to those who receive a monthly car allowance as this allowance can fund the monthly contract purchase instalments.
Customers can return the car at the end of the contract or purchase it after making the balloon payment or sell the car and keep the profits over and above the assured minimum projected cost.

As you can see there are many ways to finance your car but it's what's right for you that counts so shop around.

If you require further information about car loans you could look in our faqs section where many popular questions about car loans are answered.