Car loan in UK
Are you dreaming of a new car? Owning your dream car is not a difficult thing in these days as there are so many banks or car financing companies always ready to provide you loan, but there are some basic criteria’s that should me met to make you eligible to have a car loan, like you should have a valid UK driving license.
In this article we are going to mention you about ten best car financing companies in UK.
It was started by offering non prime car financing to those peoples who had difficulty of having car finance support. In MSG is very flexible while offering car finance, they kept the deposit to merely 500 pounds and also offers deposit of 400 pound to their premium customers. It also offers Bad credit car finance. It offers loan from 5000 to 25000 pounds. With a representative APR is fixed to 26.9% and car loan term is 2-5 years.
Criteria: Permanent UK resident, minimum age should be 21
Car loan 4U:
It is called UKs number one online car finance specialist. They provide finance to much expensive cars. They provide lower monthly payments. They also help those customers who could not put any deposits. Like these, there are many more things that car loan 4u offers. It offers loan from 1500 to 50000 pounds and the representative APR rate is 19.1% which is fixed and the car loan term is 2-5 years.
Finance my Car:
It provides car finance to customers in a traditional process which enables their consumers with a focused and personal finance process. Other that car loan they provide van finance, personal contract purchase, contract hire and other leasing options. They provide car loan from 5000 to 30000 pounds and the representative APR rate is fixed to 14.9% and car loan term is 2-5 years.
Criteria: Permanent UK resident, minimum age -18, Minimum income – 10200 pounds.
Car Finance Concierge Car loan:
It provides many car loan offers to their customers like Hire purchase, Lease purchase, Personal contract purchase, balanced payment plan and also contract hire. It provides car loans from amount 5000 to 10000 pounds with a representative APR rate fixed to 12.9% and they provide loan term from 2-5 years.
Criteria: Permanent UK resident, minimum age- 21.
Lendable Car loan:
It provides car loan in a very lower rate, it has no upfront fees, and they also follow traditional loan providing process. It has set the representative APR rate to 9.9%. It provides loan from amount 1000 to 15000 pounds and provides loan term from 2-5 years.
Criteria: Permanent UK resident, minimum age- 18 years, Minimum income – 10000 pounds.
NatWest Car loan:
It offers personal contract purchase agreements, hire purchase, and lease on cars, motor bikes and vans. It provides loan amount from 1000 to 25000 pounds with a representative APR rate set to 4.9% and they provide a long loan term from 1-7 years.
Criteria: Permanent UK resident, minimum age- 18 Years, Existing customers only.
Credit plus Car finance:
It also offers Hire purchase and personal contract purchase and lease on vans, cars and motor bikes. It provide loan amount from 2500 to 100000 pounds with a representative APR rate set to 17.2% and a loan term from 1-5 years.
Criteria: Permanent UK resident, minimum age- 18 years, Minimum income – 1000 pounds