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What is Car Finance? Understanding Your Options

04th February 2024

Buying a new car is one of the biggest financial undertakings for many people in the UK. Most of us don’t have thousands of pounds saved in the bank, ready to splurge on a car, but we do need the convenience of a vehicle.

Car finance is a great solution to this problem. There are various financial products available to help you buy a car without burning through all your savings.

WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Multi Month Loans

How much would you like to borrow:

£200

£750

How long would you like it for?

3 months

6 months

Your monthly repayments are:

Total amount to be repaid:

Annual percentage rate:

New Customer

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £359.71 in monthly instalments of £74.65, £71.73, £64.05, £58.76, £49.75 and £40.77. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.9% APR

It is better in the mobile app

Blog

What is Car Finance? Understanding Your Options

How much would you like to borrow:

Your monthly repayments are:

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