How to fund your car purchase
There are two types of car finance: secured and unsecured. An unsecured loan is an agreement we have with you.
We'll agree an amount and how long you have to pay it back, with a fixed amount of interest (APR).
You can get a quote or find out more about personal loans.
Secured loans are things like Hire Purchase (HP) and Personal Contract Purchase (PCP). With these, we own the car until you've made all the payments. Typically, this means payments are lower.
Representative example
The rate we offer depends on individual circumstances. The interest rate will vary too depending on financial circumstances and the loan amount. All loans are subject to status, and debt consolidation is no different.
Representative Example: Borrowing £10,000 over 60 months with monthly repayments of £241.68. The total amount repayable will be £14,500.80. Representative 16.9% APR, annual interest rate (fixed) 15.72%.
The popularity of online car buying
Online car shopping has a range of competitive options.
For example, manufacturers like Citroën, Hyundai and Volvo allow you to buy cars directly from their websites.
Advantages of buying a car online
Shop when it suits you |
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No pressure from salespeople |
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Simple buying process |
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No haggling (you pay the ticket price) |
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Flexible delivery option |
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Larger selection of cars |
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14-day cancellation policy |
What you need to know about buying a car online
- no test drive means you can't physically inspect the car
- prices are fixed - you can’t haggle the price down
- online dealerships tend to be more expensive (for example, they're newer with low mileages)
- you may not get a good price when trading in your car
