The interest rates advertised by finance providers are representative APRs; only around half of people applying for the loan will get this rate, while the others will be offered a higher rate. Once you’ve chosen your loan and applied for it, the money will be transferred into your bank account and you can buy your car.At the end of the agreed term, the payments stop and the car is yours.
Personal loans can be taken out for between one and seven years, so if you need to keep the monthly payments low, choosing a longer loan period will help to do this, although you'll end up paying more interest.which lets you compare more than 300 products from 15 different lenders, all in one place.
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