New figures show that the number of motorists applying for a car loan is increasing

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New car finance sales increased by a third in March, according to the Financial Leasing Association. * This has pushed up the number of new car sales by 22% on last year’s figures. As a growing number of people are looking for car finance, Car Loan 4 U explains the benefits of taking out a car loan.

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Personal finances are stretched for the majority of UK households and so applying for affordable car finance makes sense

Car loans can be a great way of helping motorists get on with their day-to-day lives with a brand new vehicle without having to fork out huge up front fees.

There are a number of benefits to taking out a car loan and applying for one is easy and simple. Motorists can either apply online or call a car loan advisor to help and the application should take no longer than a few minutes.

A growing number of British motorists are taking out car finance, as it is an easy and affordable option for buying a new car.

Another benefit of taking out a car finance loan is that people with a bad credit history can still be considered. As long as you are not currently bankrupt, having a poor credit rating you could still apply for a car loan, even if you have been refused in the past. **

Not only can motorists looking for a loan apply easily, but with Car Loan 4U you will know within one to two hours if your application has been successful.

The limit on what can be borrowed depends on number factors such as your income, and the repayment structure can be tailored to suit your personal budget.

Car Loan 4U Co-Director Ryan Dignan explains;

“Personal finances are stretched for the majority of UK households and so applying for affordable car finance makes sense.

“Loan rates start from just 7.9% APR and can be easy to manage. Car loans have become increasingly popular over the last few years as a viable way of affording a premium car within a fixed budget.”

Car finance experts Car Loan 4U could help you get on the roads today with your new vehicle. In addition to providing inexpensive loans, Car Loan 4U can also help to find the right car for you.

For your car finance needs visit:
Twitter: @carloan4u

Notes to editors

  • New car finance sales increased by 33% by value and 22% by volume. Source: New Car Finance Sales Up By A Third In March 17/05/12 from Finance & Leasing Association


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Ryan Dignan
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