Car loans

If you’re thinking of buying a new car, a besavvi car loan could be just what you’re looking for. With loans from 16.9% APR representative you could be upgrading your car sooner than you think. Have a look at our car buying guide to get the best deal and use our loan calculator to work out how much you want to borrow. Use our online loan calculator to see how much it would cost to borrow £2,000 to £10,000 over 2 - 5 years.

Car Buying              

Buying a car doesn’t have to be a headache. If you plan your budget, research the models you are interested in and do some homework online then you will be ready for action.    

Budget

Know how much you have to spend right from the start. With this figure in mind, it makes it a lot easier to find the right model of vehicle you are after.        

Use car sales websites and online valuation checkers to get to know the price you’ll expect to pay for the cars you have in mind.

If you have the finances in place before you go looking for a car you are in a much better position to negotiate a deal.

Research

If you are buying from a dealer then check they are a member of a trade association. This usually means they will have to follow a code of practice, giving you a little more reassurance.      

If you are buying privately then you might pay less for the car but you won't be protected by the Sale of Goods Act. But, it still has to be as described, so ask plenty of questions about its condition and get the answers in writing.

Before you buy make sure you check the car's identity by seeing its vehicle registration document (V5C).

The DVLA website will allow you to check the year of manufacture, date the car was first registered, engine capacity and colour.

You should also check the Vehicle Identification Number (VIN), it’s usually 17 digits and you’ll find it on the V5C and in two or three places around the car. Look for a metal plate in the engine compartment, if the plate is scratched or the rivets look damaged, ask why. There should also be another plate somewhere else on the vehicle - you might have to search a little to find it. On newer vehicles it will also be shown on the windscreen.

A private history check will allow you to check if the vehicle has any outstanding finance owing on it, if it has been reported stolen or in a serious accident.

Buying

The golden rule to buying a car is always be prepared to haggle. Don’t be embarrassed, both dealers and private sellers would never expect to sell a vehicle for the first price they give you.

Have your funds to buy the car in place and try to aim for a 20 per cent discount on the original price you were quoted.               

Try to enjoy the buying experience. Remember you aren’t up against the Wolf of Wall Street!

If you are buying privately and lack confidence, just remember that the seller isn’t confident either.  

If you are buying from a dealer then pick your timing, try to do a deal when the salesman or dealership is looking to hit their monthly or quarterly targets.  

Bear in mind the above and go out and enjoy your car-buying experience!

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£4,028.03 £4,800.00
Interest rate Total cost of credit
18.9% APR £771.97
Amount available Total repayable Interest rate Total cost of credit
£4,028.03 £4,800.00 18.9% APR £771.97

Representative example: £5,000 over 5 years at 16.9% APR representative. Rate of interest 16.9% fixed. Monthly repayment £120.85. Total charge for credit £2,251.00. Total amount repayable £7,251.00