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Personal
loans for car purchasing
You can
take out a general personal loan, or a personal loan designed
for a car purchase. The two are very similar, but because
a car loan is taken out specifically to buy a car, it is possible
that the lender will offer you car-related incentives on the
loan, such as roadside assistance breakdown cover, free car
insurance or special discounts on car accessories at affiliate
garages.
A car
loan is usually a secured loan, rather than an unsecured loan,
even though you do not necessarily need to be a homeowner
to be approved for one. This is because the loan is secured
on the car itself and not on your property.
Personal loans tend to have lower interest rates than manufacturer
schemes or hire purchase loans, but special low interest rate
deals are less common.
A personal
loan will give you the freedom to shop around for your car,
as you are not tied to a specific dealer, and you may find
that you have more negotiating power as a cash buyer.
We can
help you to drive the car of your dreams, or swap that little
run about for a proper people carrier for your family.
Either way we can work out a low cost loan
for you. Start by proceeding to the application
form.
You have
nothing to lose other than your rusty wheels.
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