Need a car loan? Here’s our guide to car loans and the best car finance options. Compare car loans to make sure you get the best deal to help you afford your new set of wheels
What is a car finance loan?
A car finance loan is a loan you take out for the specific purpose of buying a car. They can be a way of spreading out the cost of the purchase, though like all loans they generally come with interest rates and potentially extra charges or fees.
What types of car finance loan are there?
Car finance generally comes in three different types:
- Personal loan: one option could be to take out an unsecured personal loan, borrowing a certain amount of money over a set period and making monthly repayments. This means you would own the vehicle as soon as the car dealership gets the money –