Compare Car Loans

Compare the best car purchase loans available in the UK. We help you find cheap personal loans to finance a car purchase - bad credit car loans also available.
Advanced Search
Glossary of TermsCompany / ProductHeadline Rate APRLoanOnline DecisionMore
Info
Apply
CompanyMinMaxMin TermMaxTerm  
Alliance and LeicesterAlliance and Leicester Loan (Semi-Exclusive)7.9%£1,000£20,0001year5yearsyesAlliance and Leicester Loan (Semi-Exclusive)Apply
 
Alliance & Leicester Personal Loans are provided by Santander UK plc
BarclaysBarclays Barclayloan Plus (Existing Customers Only)10.9%£5,000£25,0002years5yearsnoBarclays Barclayloan Plus (Existing Customers Only)Apply
 
Only available to Barclays Customers who have held a current account with Barclays for more than 12 months, paid... more
HalifaxHalifax Internet Loan (Existing Customers Only)9.9%£7,000£15,0001year7yearsyesHalifax Internet Loan (Existing Customers Only)Apply
 
Existing Halifax customers only
NationwideNationwide Personal Loan7.6%£7,500£25,0001year5yearsyesNationwide Personal LoanApply
 
Existing customers only and must have a monthly credit turnover of at least £750 (excludes internal transfers)... more
Bank of ScotlandBank of Scotland BOS Loan (Semi-exclusive/Existing Customers)11.5%£1,000£13,0001year7yearsyesBank of Scotland BOS Loan (Semi-exclusive/Existing Customers)Apply
 
Existing Bank Of Scotland customers only
Provident Personal CreditProvident Personal Credit Provident Loan (Cash)272.2%£50£5008months14monthsnoProvident Personal Credit Provident Loan (Cash)Apply
Bank of IrelandBank of Ireland BOI Direct Personal Loan9.5%£1,000£25,0006months5yearsnoBank of Ireland BOI Direct Personal LoanApply
 
To apply, you must have had a Bank of Ireland Current Account in Northern Ireland or GB for the last 6 months.
Bank of ScotlandBank of Scotland BOS Internet Loan (Existing Customers Only)10.9%£7,000£25,0001year7yearsyesBank of Scotland BOS Internet Loan (Existing Customers Only)Apply
 
Existing Bank Of Scotland customers only
Black HorseBlack Horse Loan8.9%£500£15,0001year5yearsnoBlack Horse LoanApply
The Co-operative BankThe Co-operative Bank The Co-op Personal Loan (Internet)8.9%£2,000£25,0001year7yearsnoThe Co-operative Bank The Co-op Personal Loan (Internet)Apply
First DirectFirst Direct Personal Loan8.9%£1,000£25,0001year7yearsnoFirst Direct Personal LoanApply
 
Only available to existing First Direct customers.
First TrustFirst Trust Bank Personal Loan9.9%£3,000£15,0001year5yearsnoFirst Trust Bank Personal LoanApply
 
Loan only available to First Trust Bank (NI) customers.
Furness Building SocietyFurness Building Society Furness Personal Loan8.9%£2,000£25,0001year7yearsnoFurness Building Society Furness Personal LoanApply
Great UniversalGreat Universal Home Shopping PF loan18.9%£1,000£25,0001year7yearsyesGreat Universal Home Shopping PF loanApply
 
You need to be a GREAT UNIVERSAL catalogue customer to apply.
M&SM&S Personal Loan (Internet)8.7%£1,000£25,0001year7yearsnoM&S Personal Loan (Internet)Apply
NatWestNatWest Personal Loan11.4%£1,000£25,0001year7yearsyesNatWest Personal LoanApply
 
Existing customers only.
Northern BankNorthern Bank Personal Loan9.4%£1,000£25,0001year5yearsnoNorthern Bank Personal LoanApply
Norwich & Peterborough Building SocietyNorwich & Peterborough Building Society Norwich & Peterborough Personal Loan8.99%£1,000£25,0001year7yearsyesNorwich & Peterborough Building Society Norwich & Peterborough Personal LoanApply
 
Only existing N&P customers can apply for this personal loan online or via phone. If you're a new customer, you... more
Post OfficePost Office Personal Loan9.9%£2,000£25,0001year7yearsyesPost Office Personal LoanApply
RBSRBS Internet Loan (Existing)11.4%£1,000£25,0001year7yearsyesRBS Internet Loan (Existing)Apply
 
Loan available to all RBS customers
Edit Selected Products Remove All Products
 Next Page  >

Car Loans Explained

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

A new car can be an expensive purchase, with finance plans offered by car dealers often charging extortionate rates of interest. However, by financing the purchase of a new car through an independent car loan specialist, you are likely to be offered a more reasonable interest rate with repayments spread over a term of your choice, enabling you to upgrade your vehicle affordably.

There are two main types of loans which can be used to purchase a new car; specialist car loans (where the loan amount is secured against the car rather than your house) and regular personal loans (where you simply choose to spend the borrowed funds on a new car).

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. However, specially tailored car loans are also available and these are often accompanied by a degree of repayment flexibility and other features which are more beneficial to the purchase of a car. These features may include 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 and enhancements such as vehicle checks or breakdown service membership.

Whether you choose a specialist car loan or a regular personal loan the monthly repayments are likely to be based on a percentage of the total loan amount spread evenly over the loan term coupled with interest payments. The interest rate applied will be dependent on your personal circumstances, the amount borrowed and for specialist car loans, may depend on the vehicle being purchased. Additionally, just as homeowner loans are secured on the borrower's property, car loans may be secured on the vehicle purchased and if repayments aren't met it may be reclaimed.

The majority of car loan specialists do not place restrictions on the dealers or type of car purchasable with the loan funds, however it is always best to check as some impose restrictions specifying that you are only eligible for a car loan if you agree to purchase the car from a particular source. It is also important to check whether payment protection insurance or gap insurance is automatically included with the monthly loan amount or whether they are optional extras.

Payment protection insurance is designed to cover the loan repayments if you are unable to meet them due to sickness or unemployment, whereas gap insurance is designed to pay out if the amount granted by your insurance company in the event of your car being stolen or written off in an accident is not sufficient to replace the car. Both types of insurance can be useful accompaniments, simply to provide reassurance that if the unforeseen did happen you would not loose your car, however they do usually come at an additional cost.

By comparing the features and monthly repayments offered by different car loan specialists as well as checking whether there are any arrangement fees imposed, regardless of your circumstances you should be able to borrow an amount sufficient to purchase your new vehicle, with repayments that suit your lifestyle.

Compare a
mammoth 63
loans