A personal loan enables you to get your car now and pay it off in instalments. You can even get pre-approval for a personal car loan, giving you up to 30 days to find the right car within the loan amount. Use our borrowing calculator to see how much you may be able to borrow and what your repayments will be. If need be, you can use a guarantor (such as a parent) to strengthen an unsecured personal loan application. This is particularly useful for young people who need a car but may not have a regular income (university students, for example). Your guarantor will have to confirm that they will be responsible for the loan repayments if you can’t meet your commitments.
When buying a new car, the size/type you choose will not only affect your wallet in terms of the initial outlay, but also on an ongoing basis in the form of running costs. It’s important to consider the annual running costs of cars across various sizes and types when working out what car you can afford to own. For a Free Rate Quote, click below and make an appointment