UK car finance loan
There are many types of loan programs available in United Kingdom under the category of car finance. Different types of lending institutions providing these loans include traditional banks, societies, online lenders etc. A person can get a secured loan program as well as unsecured loan program under car finance category.In case of secured loan program, some security has to be provided for obtaining car loan whereas in case of unsecured loans, there is no requirement of security.Generally, the lender transfers car purchased out of loan amount in its name in case of secured loans. Since risks associated with unsecured car loan programs are much more than those of secured loans, a person has to pay higher interest rates in case of unsecured loans.In present times, there are many online sources that provide car loans at lowest interest rates. It is advised here that a person should compare these lenders in terms of APR rather than interest rate.It would help them to know the exact cost of loan and in getting the cheapest loan.A person would also find some sources that would allow him to get his old car exchanged and get some offers. These offers are available on purchase of used cars only.
Let us discuss various sources of car loan programs in United Kingdom.
SOURCES OF CAR FINANCE
ACF Car Finance is one of renowned sources of getting loans under car finance category in United Kingdom. It has already provided car loans to thousands of people for buying various types of cars. If a person wishes to get used car, it is one of best sources to contact. Used cars are provided at one of lowest costs and loan programs are also available for buying these cars. Thus, ACF can provide loan as well as car to a person.It is one of leaders in car finance and used car industry in United Kingdom and services are provided throughout the nation.Since loan amount is secured against the car bought out of finance, homeowners and tenants can also get car without providing any additional security. So far the used cars are concerned, a person would find that most of cars are 2-4 years old and all cars have independent MOT. To provide complete satisfaction to a person, each used car is pre-checked by means of 136 point inspection. A person can apply online for the car as well as for the loan or can contact ACF at 0800-280-2087. It has also many branches located throughout UK and a person can also contact nearest branch of ACF for getting more information or for getting dream car. It also allows a person to get his old car exchanged for new car and can get minimum of 1000 pound sterling as exchange amount. A cash back of 350 pound sterling is also provided with this offer.Various brands of used car available at ACF include Audi, BMW, Skoda, Daewoo, Hyundai, Isuzu, Mazda, Nissan, Suzuki, Toyota etc.
Alliance and Leicester is one of car finance sources in United Kingdom that provides fixed and low interest rate car loans. The minimum and the maximum amount provided for buying car are 7500 and 15000 pound sterling respectively. The interest rate associated with car loan is 7 .9% APR. In fact, its car loans are cheaper than the finance packages offered by new car dealers. Car loans are provided as secured loans mostly and the car bought out of finance is held as security. These loans are provided as secured personal loans and a person can also go for personal loan protection.Application for the car loan can be made in secured and simple manner by means of online application form.It hardly takes 10 minutes in filling up the application and the car loan approval decision is provided in one hour. A person can call at 0800-051-5584 to get more information.
Northern Rock is also one of famous sources of getting car loans in United Kingdom. It specializes in providing online car loans and a person can get a loan for new as well as used car.Car loans are provided for all brands of car and mostly a person would get these loans in the form of unsecured loans.Loan amount ranges from 1000 to 25000 pound sterling and the interest is applied at fixed rate, which is 10.9% APR. Car loan payment protection is available which helps a person in repaying the car loan amount in cases like accident, disability etc.These loans are required to be paid back in 7 years maximum.Online car loan calculator enables a person in finding the monthly installment.
Another renowned car loan center in United Kingdom is Welcome Car Finance, which basically is a trading name of prestigious Welcome Finance Services Limited. A person must be above the age of 21 years for applying car loan at Welcome.People with all credit types are eligible to apply for the loan and this is the reason why people suffering from bad credit, Bankruptcy, mortgage arrears, CCJ etc can apply for the car loan.Even a person with no credit history can also apply.Self employed people can also get car loan from Welcome.Apart from loans, this source also provides used cars. A person can choose from more than 1000 cars. All cars are checked by means of 136-point quality check standards as well as by safety check measures. 7 days free insurance is also provided. Most of the cars provided by Welcome are 1-2 years old and all cars come with MOT.A person can also get upholstery protection and GardX Paint here.There are some other advantages of getting car from Welcome. A person can get 1000 pound sterling on exchange of old car plus cash back of 250 pound sterling on sale completion. A person can visit nearest showroom for choosing his dream car or can contact at 0800 019 8045. Cars and car loans can be applied online by means of secured application forms and decision is provided within one hour only.
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