Auto Loans
Due to the economic crisis, many car dealers have been forced to slash prices, and now thousands of people are looking to snap up a cheap car while prices are low. Don't fall into the car finance trap, read these top nine tips for getting a cheap car loan - one that truly is a great deal!
1. Best buy unsecured persoal loan rates are only available to people with a good credit history, so not all car buyers will be able to get them. However, it's still worth shopping around as there are still quite a few good deals..
2. Having the money ready before you start car hunting will strengthen your bargaining power as you can make the purchase immediately.
3. Some car dealers offer 0% finance on new cars. These deals are definitely worth considering if you can get this type of deal. The drawback is that many of these 0% interest rates require a hefty deposit.
4. When looking at car dealerships, make sure you take into account the size of the deposit, the final payment, as well as the monthly payments, because these factors can increase the overall cost significantly.
5. Leasing deals can sometimes work out cheaper as consumers may not have to pay for servicing and repairs.
6. For consumers with a poor credit score, leasing could be the next best available option as they are not actually buying the vehicle.
7. It is also worth looking at cars that have been pre-registered by a dealer. They only have a few miles on the clock so in effect you get a nearly brand-new vehicle at a second-hand price.
8. The collapse of a motor manufacturer can have a knock-on effect on a car's re-sale value plus the availability of vehicle parts - these factors should be carefully considered by potential buyers.
9. As well as haggling on the price, look for free extras such as extended warranties and service packages.
| Provider | Representative APR | Loan Amount and Duration | Monthly Repayments | Total Amount Repayable | Apply | Arrangement Fee |
|---|---|---|---|---|---|---|
 |
6.3% APR | £10,000.00 60 months |
£193.91 | £11,634.60 | Apply | £0.00 |
 |
6.3% APR | £10,000.00 60 months |
£193.91 | £11,634.60 | Apply | £0.00 |
 |
6.4% APR | £10,000.00 60 months |
£194.35 | £11,661.00 | Apply | £0.00 |
 |
6.7% APR | £10,000.00 60 months |
£195.67 | £11,740.20 | Apply | £0.00 |
AUTO LOAN CALCULATOR
Enter only numeric values for 'Loan Amount' and 'Loan Length in Months' and then click 'Calculate'