Although purchasing a new vehicle can seem frightening at first, we’ve seen that when you know what to anticipate, the process typically gets less intimidating. This is the reason we’ve put up these seven simple steps to buying a car, including all the information you need to know to help you obtain the greatest car loan deal for your new vehicle. Car Loans can help you!
1. Understand How Much You Can Afford
- It’s critical to know exactly how much you can spend before entering the car yards. You’ll know how much you have to work with if you have the cash to pay for a new car in full up front. If not, you’ll need to perform the math to determine how much of a new car loan you can realistically pay.
- If you have to take a car loan you will have a lot of math to do… Calculating your APR rates and eligibility rates can be a real pain. It can take a lot of time and a whole lot of unnecessary work. We will reveal the best method for calculating it at the end!
Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92. Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92. Representative Example: Loan Amount: £20950.00, Loan Term: 85 Months, Interest Rate: 23.00% PA Variable. Monthly Repayments: £537.44. Total Amount Repayable: £45,682.15. This example includes a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00 Representative Example: Loan Amount: £20950.00, Loan Term: 85 Months, Interest Rate: 23.00% PA Variable. Monthly Repayments: £537.44. Total Amount Repayable: £45,682.15. This example includes a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00 Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24. Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24.Maximise your options: Compare and apply for loans below with LoanTube
Apply Filters
Loan Amount
£4000 -
£20000
Norwich Trust
Loan Term
1 -
10 years
4.8/5
Representative APR
22.9%
Minimum Age
21 Years
4.8/5
Norwich Trust
Loan Amount
£4000 -
£20000
Loan Term
1 -
10 years
Representative APR
22.9%
Minimum Age
21 Years
Minimum Income
£2000 per month
Loan Amount
£5000 -
£100000
Evolution Money Loans
Loan Term
1 -
20 years
4.5/5
Representative APR
28.96%
Minimum Age
18 years
4.5/5
Evolution Money Loans
Loan Amount
£5000 -
£100000
Loan Term
1 -
20 years
Representative APR
28.96%
Minimum Age
18 years
Minimum Income
Not mentioned
Loan Amount
£1000 -
£10000
1Plus1 Guarantor Loans
Loan Term
1 -
5 years
4.4/5
Representative APR
47.80%
Minimum Age
18 years
4.4/5
1Plus1 Guarantor Loans
Loan Amount
£1000 -
£10000
Loan Term
1 -
5 years
Representative APR
47.80%
Minimum Age
18 years
Minimum Income
Not mentioned
Click here to get enough finances for your new dream car in minutes!
2. Know When To Buy Your Car And When To Get Your Car Loan
Want to buy a new automobile for the lowest possible price? Knowing when to buy is essential! If possible, arrange your car purchase around these prime times in England:
- The end of the financial year – Most retailers want to get rid of their old inventory at this time of year to make room for new models in the coming year, so it’s a fantastic opportunity to score a deal.
- New Year’s – The same is true for January, when dealers offer even greater discounts on the vehicles they failed to sell in December.
- The end of the financial year – Engineering or related sales are large in England, so that can be a good time to buy a new car at a discount.
- The end of the month – If you didn’t take advantage of any of the previous opportunities, you could still be able to find a decent deal on a new vehicle by shopping toward the end of the month to take advantage of dealers trying to meet their monthly sales goals.
- Every Monday – Monday is the greatest day to buy a car in England. As dealerships are busiest on Saturdays and Sundays, these days tend to yield the poorest deals.
This doesn’t exactly work for car loans, but it is great to know when buying a car!
Click here to get enough finances for your new dream car in minutes!
3. Know What Is Included In The Car Loan Or The Offer
- You can learn exactly what’s on the model you’re interested in by conducting research. When selling new cars, dealers frequently try to sway customers with extras, but if you are aware of what is included as standard, you can make an informed decision without being swayed by extras that you already know are included.
- You may be in a better position to negotiate for further things on top of what is currently offered if you do this.
- This is an old trick that can distract you with shiny things and detail, don’t fall for it. Do your research, check the reviews, check the problems your car is most prone to, it is better to be a warrior in a garden, then a gardener at a war. Proper information is essential when it comes to buying cars. Information is also mandatory when it comes to getting car loans, but we will go over that later…
4. Be Ready To Negotiate Your Car Deal
- Now that you got all the information you needed it is time to prepare for negotiation. Whether it is your new Tesla, a Lambo or even an old sleeper, negotiation can lower the price and give you a great feeling of victory at the end of the day. It is a win-win situation when it all settles.
- Even though you might find it difficult to negotiate while purchasing a new car, it’s essential. With thorough research, you should be able to negotiate the best price, but remember to make your goals reasonable, act courteously, and keep your expectations in check.
TIP: If you choose a new model, you’ll typically discover that there isn’t much opportunity for negotiation on the price. Negotiating, though, may allow you to significantly lower the price if the model you’re interested in has to be updated.
TIP: Doing market research and finding out the price range of your desired car can help you understand the offer, be more realistic and call out the price if it is too high.
5. Understand Car Loans And The Financial Side Of Your Journey
- A car loan is a way for you to finance the purchase of your new car. You can use the loan to cover either the complete cost, or a part of the payment. Then repay the money over affordable monthly instalments. A Loan for car is just an unsecured personal loan that you use to buy a car, as simple as that.
- Now, we both know nothing is as simple as it sounds.
- Like we previously said, car loans can be tricky when it comes to APRs, eligibility rates, credit checks, getting approved… There are a lot of things but don’t worry, the internet can always help you get some answers extremely fast.
Click here to get enough finances for your new dream car in minutes!
6. Compare Car Loans And Check Eligibility or APR In Minutes
- You shouldn’t fall for the first car loan you see… It is the same as buying a car, don’t fall for the first one you see, check it, examine it… Do what you can to find the best car possible and to find the best deal possible. Don’t be lazy, your money and everyday activities are at stake!
- Imagine getting a bad car deal, losing a ton of money for no reason. You have to drive in your awful car EVERY SINGLE DAY, feeling constant pain and regret. Not only you, but also your wallet…
You wouldn’t want that right? Of course not, that is why you should do your research!
- There is a problem: Doing all the math, calculating loans and finding deals is extremely daunting. If you do it manually you will spend the whole day and MAYBE find a good deal…
- That is why LoanTube was funded. A lon comparison site to help you find great loan deals and you can check your APR and Eligibility Rates in a matter of minutes. Just complete 3 overly simple steps and you’re done.
Click here to get enough finances for your new dream car in minutes!
7. Where to get a Car Loan?
- LoanTube is a loan comparison company which was created to help people get the best car loan offers among their partner lenders.
- We have multiple UK based lenders that are of utmost reputation.
- Like we both know – the internet is extremely powerful. It can gather an immense amount of information in as little as a microsecond, without breaking a sweat. LoanTube managed to harness this astounding power and we directed it into helping people with their car loans.
- Our proven state-of-the-art systems can help you get a car loan in minutes, in 3 simple steps.
- With us the rate you see is the rate you get! No fancy big numbers that will only waste your time, or make you hate lenders… We don’t want to waste your time, nor your resources.
- On top of that our partners do soft credit checks so they DO NOT HARM your credit score!
- Those are some of the benefits you get by getting a car loan from LoanTube. Without further ado, you can get your desired car loan and avoid making unnecessary mistakes. Just click here and you’ll be settled!
- Remember that our service comes at no charge to you and that you don’t have to accept any of the quotes we provide you with if you don’t like them.
