UK car classifieds

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  5. Finding a Cheap Car Loan online

Finding a Cheap Car Loan online

There are so many ways to finance the purchase of a car that it can be confusing for anyone who wants to get a car loan. Our car finance advice and, if you are unsure of the terminology, our definition of car finance terms should help you out with some of the terminology and advice on getting the best car loans.

The only way to make sure you get the best car loan with the lowest payments is to shop around. The interest rates and repayment terms on a car loan will differ between lenders in the UK so you should compare the car finance options from several finance companies.

There are a number of advantages to shopping around for car loans online:

  • You can save time and money by searching the Internet as you can search a large number of lenders. Many UK financial institutions have an online presence offering you a variety of car loan options and finance deals. There are also services such as the Auto trader car finance calculator which simplify this by searching through a number of lenders at once and returning the best car loan / finance options for you.
  • You can get an instant quote on a car loan from most car finance web sites, depending on your circumstances, payment preferences, credit history etc. This helps you quickly find a suitable car loan with finance payments that you can afford.
  • There is no obligation with getting a car loan quotation online as you are free to browse and try the various options to see which one suits you. You don't need to worry about a salesperson pressuring you into a quick deal.
  • The online UK car finance market is very competitive and the lenders are fighting to get customers so if you shop around, you can find some affordable car loan deals online to suit almost any financial circumstances.
  • You can take your time and carefully evaluate the various options at your own pace. The time spent will be rewarded in lower payments (more money in your pocket) over the coming months.