The true cost of your loan
When you need a loan for a new car doing a bit of research before you visit the dealers could save you a headache in the long term.
There are lots of questions you need to ask when looking for a car loan. Do you want a secured or unsecured loan? How long do you want the loan over? How much do you need to borrow? But the most important question you should answer is how much will the loan cost you altogether?
We’ve crunched the numbers
We’ve already crunched some numbers and the savings could run into hundreds, for example, on a £25,000 loan taken over five years for example, the difference between an interest rate of 14% and 13% would be around £681.
What a difference 1% makes
Wouldn’t you like an idea of what 1% difference will mean over the whole loan period? We’ve produced a handy APR calculator to help you see how much you could save on a loan by finding an APR just 1% lower. We’ll even show you how much fuel you could buy with the money you’d save with a lower APR.