| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles


vertical line

Car loans: access finance at great terms to purchase a car


In today’s fast paced life especially in metros or urban areas cars are very much in demand. It is because these mean machines not only assist the various individuals to commute from one place to another, it also adds a certain glamour factor. With more emphasis being given on comfort and space, the present day car comes in various shapes and sizes. However it is the price factor which makes it an expensive affair. To help those individuals who do not have the necessary financial back up, lenders in the finance market are now offering car loans.

These loans are especially meant to provide finances which in turn enable a person to buy his or hers dream car. The amount obtained under these loans can be obtained to purchase a car of any make or model. Moreover, borrower can also use the amount to purchase a used car provided it must be at least 5-6 years old.

For the convenience of the borrower, lenders offer these loans in secured and unsecured form. Secured form of the loans can be accessed only by pledging any valuable asset such as home, real estate as collateral. In fact, borrower can also pledge the car as collateral to secure the loan amount.

On the other hand, unsecured form of the loans can be accessed by the borrower without providing any valuable asset as collateral. This loan option is beneficial for borrowers like tenants and non homeowners. The interest rates for the loans are slightly higher but if a proper research of the market is undertaken, borrower can find lenders offering these loans at competitive rates.

Individual borrowers with bad credit history such as CCJs, IVA, arrears, defaults etc can also apply for the loans. To avail the loans, borrower must convince the lender that he is capable of repaying the loan amount with his monthly income.

Further using the online mode will assist the borrower to avail these loans at cheap interest rates that too instantly. However before availing the loans, borrower must compare the quotes to select a better deal.

With car loans, borrower can easily purchase a car that too at the best available terms and conditions.


Submitted by:

Eva Baldwyn

Eva Baldwyn aims to inform common men and women of the several issues involved in personal loans and mortgages through her articles. An MSc in Economics & Finance from the Warwick Business School is proof enough of the knowledge that she possesses in the field of finance. To find Car loans, Cheap personal car loans, Bad Credit car loans visit http://www.borrowcarloans.co.uk/





ARTICLE CATEGORIES

Auto and Trucks
Business and Finance
Computers and Internet
Education
Family
Finances
Food and Drink
Gadgets and Gizmos
Health
Hobbies
Home Improvement
Humor
Kids and Teens
Legal
Marketing
Men
Music and Movies
Online Business
Parenting
Pets and Animals
Politics and Government
Recreation and Sports
Relationships
Religion and Faith
Self Improvement
Site Promotion
Travel and Leisure
Web Development
Women
Writing



http://www.articlesurfing.org/auto_and_trucks/car_loans_access_finance_at_great_terms_to_purchase_a_car.html
Copyright © 1995-2016 Photius Coutsoukis (All Rights Reserved).