Unsecured Car Loan
Easy unsecured car loan comparison
We specialise in helping people just like you with an unsecured car loan quote or an unsecured car finance quote. Our job is to help compare different unsecured car loan options from a wide variety of lenders in the market-place. It you are looking for a great deal, we can show you how to get it. There’s no one-size fits all approach to car loans, so we aim to provide you with a summary in an easy to understand format.
What determines my interest rate?
Most lenders load the interest rate and of course, they all load it for different reasons. Things like:
- is it an secured car loan or an unsecured car loan
- are you buying new or used
- is it from a dealer, private sale or an existing vehicle
- how old is the car
- the amount you want to borrow
- the loan term
- the loan to value ratio
- whether you have a balloon
- your credit score
are just a few of the factors that may contribute to the interest rate you are provided in your car loan quote. However when you borrow using an unsecured car loan, many of these things do not apply. Typically, an unsecured car loan is often more expensive than a secured car loan as the risk to the lender is generally considered to be higher but in some cases it may provide more flexibility and actually be cheaper.
Are there any fees?
Your unsecured car finance quote will clearly set-out any known fees. Guess what – there no set method for calculating fees either in an unsecured car loan quote. Generally though, most unsecured car loans have an application fee and a monthly fee. Therefore, considering the overall cost of the loan becomes an important factor. That is exactly what we can help you with when we provide you with an unsecured car finance quote.
How do I know if it’s a good deal?
When you receive your car loan quote, we’ll also give you the reasons as to why we have selected the specific product(s) for you. In addition, we’ll give you your unsecured car loan repayments, so there’s no need for you to use an online car loan calculator. We’ll then give you an opportunity to ask us any questions. We are very open and transparent about everything we do, so please feel free to ask anything you want. If at anytime you also want a quote for a secured car loan, so you can compare the difference, let us know. We make unsecured car loans, as easy as 1-2-3.