Car Finance Explained - Personal Loan
What is it?
Personal loans are an unsecured lending facility that can be used for almost any purpose such as home improvements or to buy a car. A personal loan is normally a fixed cost, fixed period loan of money to purchase any item the customer wants – including vehicles. This givescustomers an option to purchase any vehicle they want. The facility is widely offered by Banks, Building Societies, Direct Lenders and Finance Companies.
Advantages of Personal Loans:
A personal loan is an unsecured funding facility and can be used for almost any purpose.
A personal loan is regulated under the Consumer Credit Act.
The minimum and maximum loan amount is determined by the individual lender based on the risk they are prepared to bear.
The loan amount can be settled at any time by the customer.
No deposit is necessary from the customer, but a fee may be charged by the lender.
The loan is paid over a fixed period of time (normally a maximum of 5 years).
The customer immediately becomes the legal owner of the vehicle funded by a loan.
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Are you eligible?
- Do you own a full UK driving license?
- Have you been a UK resident for the last three years and have an address history?
- Are you employed and work a minimum of 16 hours a week?
- Are you aged 21 years or over?
What's Involved
Car Credit Assured will make buying the car you want easy!
1. Call or apply online - our finance team today on 0330 108 3793.
2. Get a decision - We will search our panel of lenders to ensure the best result for your credit status and call you with a decision as quickly as possible.
3. Arrange an appointment - To ensure you receive the best possible experience we will call you and arrange an appointment at one of our dealerships at your convenience.
4. Pick up your car - Once all documentation is received we aim to have you driving away as soon as possible.