Car loans, Cheap Car Loans in UK, Online Bad Credit Car Loans.

Car loans are special types of loans for the borrowers to buy new or used cars (actually any vehicle). In many cases the rates of interest are really low, about 8-10%. The repayment period is not really long, up to 5-6 years or less. The debtor should pay away a certain sum of money (Down payment). The minimal sum (down payment) is 20% of the amount you pay for the car. The more money you pay straight away, the lower rates you’ll get.

In many cases the lenders provide car loans for the borrowers with perfect credit history, because they must be sure in your repayment ability. It’s especially important in case there are some problems with the car. It may be stolen either a car crash may happen. For that reason some lenders provide special secured loans where the collateral is the borrowers’ property. It’s used for the lenders to get a guarantee in case of unpleasant situations. Some lenders provide car loans only in case the borrower has a guarantor or even two. The guarantor can be any member of your family, your relative or a friend. It really doesn’t matter, but there is an important requirement for the guarantor – he or she must be employed and have regular stable income to 'ensure' payoff in case of borrower’s inability to pay off.

It’s hardly possible to get an ‘unsecured’ car loan only with the borrower’s good name and perfect credit history. Sometimes it’s possible apply for a car loan if it’s secured with purchased car. It means that the debt is secured with the cost of a new car. But unfortunately the borrower in most cases can get money only for a new car. Luckily, there are great discounts for new cars and the difference between purchasing a new car and a used car is not so evident. By the way many companies come with really great discounts direct from manufacturers, leasing companies and other trade organizations. The lenders simply provide cars and finance. There are special discount programs for the debtors with bad credit, no credit, poor credit history or even bankruptcy.

The procedure of making a car loan is quite simple. The most important moment is to fill in a special application form. It’s even possible to complete an application form online. You can get a car within 48 hours of application. For the borrowers’ comfort there are special online service consultations to get the needed information. By the way, the debtor can calculate the rates and the repayment period with special online calculators (programs). It’s one of the easiest ways to gather up the best variant. Consult the financial agent and get the car loan that suits your requirements.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.