Car Loans

Whether you are a homeowner or tenant, with good or poor credit, you can usually find lenders providing car loans or all-purpose loans with terms and interest rates to match the risks they consider for your particular circumstances. In general car loans will be unsecured and the interest rate will be a common standard rate or it could depend on your creditworthiness. If you're looking to buy a top of the range or classic car then lenders will probably ask you to apply for a secured loan and with this you can get some of the best deals.

You can usually save a little more with the companies which use online application forms because many offer some sort of discount if you apply online - and the yes or no decision can be very quick. If you have a poor credit rating then there are specialist lenders who may ask for a higher interest rate and, possibly, other fees to secure your car loan. Repayments are made on a regular monthly basis and the longer the term the more you repay. As with other types of borrowing, compare the APR.