Author Information
carloanadviser has 13 Published Articles

United Kingdom,
Cardiff,
Llanishen,
Ground Floor, Lambourne House,
Lambourne Crescent



Finding Affordable Credit Car Loans for Your Second Car

Posted On : Jan-13-2012 | seen (199) times | Article Word Count : 427 |

Credit car loans can make is possible for your family to own a second car. In these modern times cars are essential to households.
Credit car loans can make is possible for your family to own a second car. In these modern times cars are essential to households. You need them for everyday tasks such as getting to work, taking the kids to school and shopping. A single car may not be enough for a busy household. You could benefit from a second car to get your family on the move.

Credit Car Loans

You may not be able to afford to buy a second car outright on your household income. Fortunately credit car loans are now widely available and can offer many borrowing choices. You do need to shop around and make sure you look at all the options available. This will give you a better idea of the market and enable you to pick the ideal loan choice for your budget and needs.

Top credit car loan options include:

• Personal Loans – banks and building societies offer a number of personal loan options for customers. These are small loans that you can use on anything you need including a new car. Most personal loans will enable you to borrow between £1,000 and £15,000. You will need to check APR and loan terms carefully as the costs of taking out personal loans can vary significantly. By comparing products you can get the best deals out there. One issue with these types of credit car loans is that they will involve in-depth credit checks. If you have a poor credit history you may not be eligible for personal loans.

• Dealer Finance – you can borrow the money you need through finance packages offered directly from the dealer. This is typically a much faster process than taking out a personal loan and some credit car loans can be agreed in just a few hours. This is ideal if you do not want to go through the hassle of applying for a personal loan or you are in a hurry to get your second car. Don’t forget to compare dealer finance products and shop around for the best deals.

• Extending Your Mortgage – many people do not realise they can borrow money for essential purchases by extending their mortgage. The main benefit of this type of credit car loan option is that it allows you to borrow over the long- term. This reduces monthly repayments and is ideal if you are on a tight budget but the loan will be over a much longer period and overall total payments made will be more.

Article Source : http://www.articleseen.com/Article_Finding Affordable Credit Car Loans for Your Second Car_133302.aspx

Author Resource :
Credit car loans can provide you with the funds you need to buy a second car. This can boost your household transport and ensure everyone can get where they need to be quickly and easily.

Keywords : Credit car loans, Car on Finance, Motor Finance, Apr Loan, Dealer Finance, Car Loan Adviser,

Category : Finance : Finance

Bookmark and Share Print this Article Send to Friend