Cheap car loans - deals in the UK

Finding a cheap car loan deal is easier than you might think, as there is so much competition in the UK finance market today

First of all look for a low APR (annual percentage rate), which will help you keep your costs down because your monthly repayments will be paying for the actual loan amount rather than covering inflated interest charges. You will find that some car dealers will offer interest-free loans on their vehicles, usually only on brand new cars, and this can be an excellent way of getting cheap car finance as long as you are happy with the repayment terms and conditions, and obviously, provided you like the type of car that the dealer sells!

Although low or zero percent APR is a really important feature to look for in a cheap car loan, there are other ways of saving money when buying a car. For example, some car dealers offer cash back, road side assistance, free insurance or free servicing on the vehicle, and some may offer car-related products and discounts. Car loan companies that are not tied to a specific manufacturer or dealership might offer incentives that are not car-related such as shopping vouchers and discounts, or flexible loan repayment terms and repayment holidays.

 

 

 

 

 

 

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