Secured or unsecured loans for car purchase?
We are specialists in providing personal loans online for car purchase. This means that the loans are not secured against the vehicle.Some of the advantages of purchasing a car this way are:
- You can sell or part exchange the vehicle at any time
- You have cash in your pocket to negotiate the best price
- You can often obtain a much cheaper interest rate and better terms than dealer finance
We make it simple for you by taking your details and finding you the best deal for a loan at the cheapest rate. All circumstances are considered including bad credit - apply online for a free car loan quote
There are two types of personal loan we provide to enable you to buy a car.
- Secured Loan
- Unsecured Loan
We explain a little bit more about them below.
Secured loans for car purchase
This type of loan is available to homeowners only as it is secured against the property you own, usually your home. The advantages of a secured loan are:
- You can borrow larger amounts
- You can repay over longer terms
- You can take extra cash to spend as you please
- Lenders are flexible with regards to bad credit
Click here to apply for a secured car loan quote
Unsecured loans for car purchase
No security is necessary for an unsecured car loan, thus tenants and other non-homeowners are eligible to apply. It is also suitable for homeowners not wishing to use their home as security, or homeowners with insufficient equity to qualify for a secured loan.
Click here to apply for an unsecured car loan quote Whichever type of loan you choose to apply for you can rest assured that carloans.co.uk will be working hard on your behalf to find you the best car loan deal and the cheapest rates online.
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