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Car Loans

Probably one of the most common reasons for taking out a loan is for buying a new or used car. Cars are expensive but for most people they are necessary. While it might be easier to save up for a holiday or a new kitchen, most people need a car sooner rather than later so a car loan is often the best option.

Car loans work much like any other kind of personal loan other than it is specifically intended for buying a car. These kinds of loans are generally not secured against any property.

Many car manufacturers and dealerships will offer their own car financing options but you may be able to get a better deal direct with a bank, so it can be wise to shop around first.

You should compare the different interest rates (APR) as well as other features of the loan such as any fees associated with the loans and payment flexibility.

If you have a less than perfect credit score and history it can be much harder to secure a loan for a car. However, some lenders now specialise in lending to those with bad credit. If you are a home owner, you may also be able to try a secured loan that uses your property as collateral to secure the loan. Take a look at our Bad Credit Car Loans page for more details.

Car Loans Compared

	Interest Rate	Repayment Term	Loan Amount	Application
Alliance & Leicester	Typical 5.9% APR	1 to 5 Years	£5,000 to £15,000	Details
Cahoot Fixed Rate Loan	Typical 5.8% APR	2 to 7 years	£5,000 to £20,000	Details
Cahoot Flexible Loan	Typical 6.9% APR	Flexible	Up to £20,000	Details
24 Hour Loans	Typical 10.9% APR Variable	Varies by Lender	Varies by Lender	Details
24 Hour Loans compares a wide number of available loans to get you the best quote possible.