Lending Works Car Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £15,0005.3% APR
(£1000 to £7,000)
1 year to 5 years
Representative Example: The Representative APR is 5.3% APR (fixed) so if you borrow £5000 over 2 years at a rate of 3.7% APR (fixed) p.a you will repay £219.51 per month & £5,268.24 in total.
Car Finance 24/7 Excellent Credit
Loan AmountRepresentative APRLoan Term
£2,000 to £35,0005.6% APR
(£2,000 to £35,000)
1 year to 5 years
Buy your vehicle from any dealer in the UK!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 5.6% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 5.6% APR p.a. (fixed) you will repay £116.19 per month & £5,577.12 in total.
Car Finance 24/7 Fair Credit
Loan AmountRepresentative APRLoan Term
£2,000 to £35,00014.5% APR
(£2,000 to £35,000)
1 year to 5 years
Buy your vehicle from any dealer in the UK!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 14.5% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 14.5% APR p.a. (fixed) you will repay £95.66 per month & £2,295.84 in total.
Car Finance 24/7 Good Credit
Loan AmountRepresentative APRLoan Term
£2,000 to £35,0009.7% APR
(£2,000 to £35,000)
1 year to 5 years
Buy your vehicle from any dealer in the UK!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 9.7% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 9.7% APR p.a. (fixed) you will repay £91.64 per month & £2,199.36 in total.
Car Finance 24/7 Poor Credit
Loan AmountRepresentative APRLoan Term
£2,000 to £35,00022.9% APR
(£2,000 to £35,000)
1 year to 5 years
Buy your vehicle from any dealer in the UK!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 22.9% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 22.9% APR p.a. (fixed) you will repay £102.57 per month & £2,461.68 in total.
Whatcredit Car Finance (Excellent Credit)
Loan AmountRepresentative APRLoan Term
£1,000 to £35,0005.9% APR
(£2000-£35,000)
1 year to 5 years
Whatcredit provide the finance, you buy your car from any UK dealer. Instant online decision. Guaranteed to low rate finance available.
Under 21? You might need a guarantor to get this loan.
Representative Example: The Representative APR is 5.9% APR (fixed) so if you borrow £5,000 over 3 years at a rate of 2.9% p.a. (fixed) you will repay £151.63 per month & £5,458.68 in total.
Whatcredit Car Finance (Good Credit)
Loan AmountRepresentative APRLoan Term
£2,000 to £50,00011.9% APR
(£2,000-£50,000)
1 year to 5 years
Whatcredit provide the finance, you buy your car from any UK dealer. Instant online decision. Guaranteed to low rate finance available.
Under 21? You might need a guarantor to get this loan.
Representative Example: The Representative APR is 11.9% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 5% p.a. (fixed) you will repay £256.88 per month & £12,330 in total.
Whatcredit Car Finance (Fair Credit)
Loan AmountRepresentative APRLoan Term
£2,000 to £50,00015.0% APR
(£2,000-£50,000)
1 year to 5 years
Whatcredit provide the finance, you buy your car from any UK dealer. Instant online decision. Guaranteed to low rate finance available.
Under 21? You might need a guarantor to get this loan.
Representative Example: The Representative APR is 15.9% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £136.18 per month & £6,536 in total.
Whatcredit Car Finance (Poor Credit)
Loan AmountRepresentative APRLoan Term
£2,000 to £35,00025.9% APR
(£2000–£35,000)
1 year to 5 years
Whatcredit provide the finance, you buy your car from any UK dealer. Instant online decision. Guaranteed to low rate finance available.
Under 21? You might need a guarantor to get this loan.
Representative Example: The Representative APR is 25.5% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 12% p.a. (fixed) you will repay £284 per month & £17,040 in total.
Car Loan 4U Car Loan (Fair Credit History)
Loan AmountRepresentative APRLoan Term
£1,500 to £50,00014.9% APR
(£1,500 to £50,000)
2 years to 5 years
Get pre-approved online then shop like a cash buyer anywhere in the UK
Representative Example: The Representative APR is 14.9% so if you borrowed £7,500 APR over 4 years at a flat rate of 7.78% p.a (fixed) the total cost of credit will be £2332.32. You will repay £204.84 a month and £9832.32 in total.
Car Loan 4U Car Loan (Excellent Credit History)
Loan AmountRepresentative APRLoan Term
£1,500 to £50,0005.8% APR
(£1,500 to £50,000)
2 years to 5 years
Get pre-approved online then shop like a cash buyer anywhere in the UK
Representative Example: The Representative APR is 5.8% APR so if you borrowed £7,500 over 4 years at a flat rate of 2.99% per annum (fixed) the total cost of credit will be £897.12. You will repay £174.94 a month and £8397.12 in total.
Car Loan 4U Car Loan (Good Credit History)
Loan AmountRepresentative APRLoan Term
£1,500 to £50,0009.9% APR
(£1,500 to £50,000)
2 years to 5 years
Get pre-approved online then shop like a cash buyer anywhere in the UK
Representative Example: The Representative APR is 9.9% so if you borrowed £7,500 over 4 years at a flat rate of 5.13% per annum (fixed) the total cost of credit will be £1,540.32. You will repay £188.34 a month and £9,040.32 in total.
Car Loan 4U Car Loan (Poor Credit History)
Loan AmountRepresentative APRLoan Term
£1,500 to £50,00023.9% APR
(£1,500 to £50,000)
2 years to 5 years
Get pre-approved online then shop like a cash buyer anywhere in the UK
Representative Example: The Representative APR is 23.90% APR so if you borrowed £7,000 over 4 years at a flat rate of 6.99% p.a (fixed) the total cost of credit will be £1,957.28. You will repay £186.61 a month and £8,957.28 in total.
lendable Car Loan (Excellent Credit)
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.3% APR
(£1,000 to £10,000)
1 year to 3 years
Representative Example: The Representative APR is 5.3% APR (fixed) so if you borrow £5,000 over 24 months at a rate of 5.3% p.a. (fixed) you will repay £220 per month & £5,280 in total.
lendable Car Loan (Good Credit)
Loan AmountRepresentative APRLoan Term
£1,000 to £10,00010.0% APR
(£1,000 to £10,000)
1 year to 3 years
Representative Example: The Representative APR is 9.99% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 8.51% APR p.a you will repay £92.28 per month & £2,214.82 in total.
NatWest Car Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9% APR
(£7,500 to £14,950)
1 year to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £7,500 over 5 years at a rate of 4.9% p.a. (fixed) you will repay £140.81 per month & £8,448.60 in total.
Creditplus Car Loan (Poor Rating)
Loan AmountRepresentative APRLoan Term
£2,500 to £50,00025.7% APR
(£2,500 to £50,000)
1 year to 5 years
Choose your car from a UK dealer or let Creditplus help you find a car!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 25.7% APR (fixed) so if you borrow £8,500 over 4 years at a rate of 25.7% p.a. (fixed) you will repay £238.13 per month & £11,430 in total.
Creditplus Car Loan (Excellent Rating)
Loan AmountRepresentative APRLoan Term
£2,500 to £50,0005.9% APR
(£2,500 to £50,000)
1 year to 5 years
Choose your car from a UK dealer or let Creditplus help you find a car!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 5.9% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 5.9% APR p.a. (fixed) you will repay £116.84 per month & £5,608.32 in total.
Creditplus Car Loan (Fair Rating)
Loan AmountRepresentative APRLoan Term
£2,500 to £50,00017.2% APR
(£2,500 to £50,000)
1 year to 5 years
Choose your car from a UK dealer or let Creditplus help you find a car!
Loan available for car, van & motorbike finance only.
Representative Example: The Representative APR is 17.2% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 17.2% APR p.a. (fixed) you will repay £141.64 per month & £6,798.72 in total.
Midland Credit Car Loan (Fair)
Loan AmountRepresentative APRLoan Term
£3,000 to £50,00018.9% APR
(£3,000 to £50,000)
1 year to 5 years
You can buy any car from any dealer with either a good or bad credit history and there are no admin fees.
Loan available for car finance only.
Representative Example: The representative APR is 18.99% (fixed) so if you borrow £10,000 over 4 years at a rate of 18.99% p.a. (fixed) you will repay £287.46 per month & £13,798.00 in total.

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Car Loans Explained

by Hannah from money.co.uk

If you're looking to upgrade to your dream car but need to borrow a little extra, we explain your options.

Man With Toy Car

A new car can be an expensive purchase, with finance plans offered by car dealers often charging extortionate rates of interest.

However, financing the purchase of a new car with cheap car loans from an independent car loan specialist can enable you to upgrade your vehicle affordably.

Specialist car loan providers can usually offer the best car loan rates with repayments spread over a term of your choice, although they aren't your only option.

There are two main types of loans which can be used to purchase a new car:

Regular personal loans

A standard personal loan where you simply choose to spend the borrowed funds on a new car is one, their major positive being the ability to borrow high amounts.

The majority of companies offering regular secured or unsecured personal loans will be willing to lend funds to contribute towards the purchase of a new car.

If the loan is secured on your property, you may be able to get lower interest rates or borrow more. However this should only be an option if you are certain you'll be able to keep up with repayments.

Specialist car loans

With specialist car loans the loan amount is secured against the car rather than your house. If you fall behind on your repayments, the provider can repossess the car to recover their investment.

Specially tailored car loans are often accompanied by a degree of repayment flexibility and other features beneficial to the purchase of a car, including:

  • The ability to defer repayments (giving the option of lower initial payments followed by a lump sum payment at the end of the loan term)
  • Cashback on the vehicle
  • Direct payment to the car dealer
  • Enhancements such as vehicle checks or breakdown service membership

It is important to compare car loans to see what is on offer. The best loans for cars are usually a combination of the lowest interest rates and the most useful included benefits be sure to shop around for the top deal.

What will the repayments be?

Whether you choose a specialist car loan or a regular personal loan the monthly repayments will be based on the total loan amount (plus interest) spread evenly over the loan term.

The interest rate applied will be dependent on a number of things, including your credit history, the amount borrowed and the loan term - and for specialist car loans may depend on the vehicle being purchased.

The cheapest car loans are usually secured on either the car or property, as this protects the provider's investment, although this isn't always the case so make sure to compare all your options.

Remember to search the market for low interest car loans so you know you are finding the top deal when it comes to repayments.

Restrictions and conditions

The majority of car loan specialists do not place restrictions on the type of car purchasable with the loan funds.

However, some providers specify that you are only eligible for a car loan or their best rates if you agree to purchase the car from a particular source, i.e. approved car dealers.

Insurers' best loan rates are usually only available on loans of a specific value (i.e. between 1,000 and 2,000) - so make sure you compare headline APR conditions to ensure you can get them.

Always check whether Payment Protection Insurance (PPI) or Gap Insurance is included in the loan, and consider carefully whether you need it: take a look at our guide, Do You Really Need Payment Protection Insurance?

If you compare the features and monthly repayments of a number of loans, and check whether there are any arrangement fees imposed, you should be able to find the cheapest car loans for your needs.

Generally the best car loans will be an amount sufficient to purchase your new vehicle, with repayments and flexibility that suit your lifestyle.

Loan Comparison