{"id":451,"date":"2019-11-16T02:25:55","date_gmt":"2019-11-16T02:25:55","guid":{"rendered":"https:\/\/learnbonds.com\/uk\/?page_id=451"},"modified":"2024-04-29T11:02:04","modified_gmt":"2024-04-29T11:02:04","slug":"best-car-finance-loan-providers-sites","status":"publish","type":"page","link":"https:\/\/learnbonds.com\/uk\/car-finance-loans","title":{"rendered":"Best Car Finance Loan Providers &amp; Sites in 2021"},"content":{"rendered":"<p>How do you go about buying a new car or upgrading that old model to a newer and more efficient model? Well, if you have enough cash hand, you only need to walk into a dealership and make a cash purchase. If you, however need the upgrade but don\u2019t have enough savings, you can always on the numerous financial institutions ready to offer you a car finance loan. The car finance loan is no different from <a href=\"https:\/\/learnbonds.com\/uk\/loans\/\">any other loan<\/a> offered by a bank or a credit facility save for the fact that it can only be used to fund the acquisition of a car. So how do you qualify for the car finance loan, how much money does the lender advance and what are some of the best car finance loan companies.<\/p>\n<p>In answering these questions we have prepared the ultimate guide to the <strong>Best Car Finance Loans of 2021<\/strong>. Here, we\u2019ll give you a full breakdown of what a car finance loan is, how it works, how much it\u2019s likely to cost you, and insights about the legal ownership of the vehicle. Plus we also provide you with a list of what we consider the best three car finance loan companies.<\/p>\n<div data-accordeon class=\"toc-block\">\n  <div data-accordeon-item>\n    <div data-accordeon-title class=\"toc-title-wrapper\">\n      <div type=\"button\" class=\"toc-btn toc-btn_main\">\n          <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#fff\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/div>\n      <span class=\"toc-title\">\n        In This Guide      <\/span>\n    <\/div>\n      <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n          <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#pros_and_cons_of_car_finance_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Pros and cons of car finance loans<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#best_3_car_finance_loan_providers_reviewers_choice\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Best 3 car finance loan providers: Reviewer\u2019s choice<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#how_to_arrange_car_finance_step-by-step_guide\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">How to arrange car finance \u2013 step-by-step guide<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-how_to_arrange_car_finance_step-by-step_guide\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_1_choose_your_preferred_car\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 1: Choose your preferred car<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_2_find_a_trusted_car_finance_loan_provider\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 2: Find a trusted car finance loan provider<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_3_agree_on_the_loan_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 3: Agree on the loan terms<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_4_pay_your_deposit_and_drive_away\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 4: Pay your deposit and drive away<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_5_make_your_repayments\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 5: Make your repayments<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_6_own_the_car_100_outright\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 6: Own the car 100% outright<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#best_3_car_finance_loan_providers\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Best 3 car finance loan providers<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-best_3_car_finance_loan_providers\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#criteria_used_to_rank_the_best_car_finance_providers\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Criteria used to rank the best car finance providers<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_a_car_finance_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is a car finance loan?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_the_cost_of_a_car_financing_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is the cost of a car financing loan?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#glossary_of_loan_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Glossary of loan terms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faq\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQ<\/a>\n\n        <\/div>\n\n    <\/li>      <\/ul>\n  <\/div>\n    <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n        <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#pros_and_cons_of_car_finance_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Pros and cons of car finance loans<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#best_3_car_finance_loan_providers_reviewers_choice\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Best 3 car finance loan providers: Reviewer\u2019s choice<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#how_to_arrange_car_finance_step-by-step_guide\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">How to arrange car finance \u2013 step-by-step guide<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-how_to_arrange_car_finance_step-by-step_guide\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_1_choose_your_preferred_car\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 1: Choose your preferred car<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_2_find_a_trusted_car_finance_loan_provider\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 2: Find a trusted car finance loan provider<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_3_agree_on_the_loan_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 3: Agree on the loan terms<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_4_pay_your_deposit_and_drive_away\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 4: Pay your deposit and drive away<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_5_make_your_repayments\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 5: Make your repayments<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#step_6_own_the_car_100_outright\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Step 6: Own the car 100% outright<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#best_3_car_finance_loan_providers\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Best 3 car finance loan providers<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-best_3_car_finance_loan_providers\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#criteria_used_to_rank_the_best_car_finance_providers\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Criteria used to rank the best car finance providers<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_a_car_finance_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is a car finance loan?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_the_cost_of_a_car_financing_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is the cost of a car financing loan?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#glossary_of_loan_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Glossary of loan terms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faq\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQ<\/a>\n\n        <\/div>\n\n    <\/li>    <\/ul>\n<\/div>\n\n                                        <div class=\"inContentProviderSingle inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Car Leasing <\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating <\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"Car Leasing\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Extended loan repayment periods of up to 60 months<\/li>\n                                                                                                    <li>Specialist car hire purchase company<\/li>\n                                                                                                    <li>Platform authorised by the FCA<\/li>\n                                                                                                    <li>Specialist hire purchase company<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"Car Leasing\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                                                                    <div class=\"inContentProviderSingle--button\">\n                                                                                                <a href=\"https:\/\/learnbonds.com\/uk\/visit\/car-leasing\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now<\/a>\n                                            <\/div>\n                                                                                <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><i class=\"omsc-icon sui sui-info-circle\" style=\"\"><\/i><strong>Note:<\/strong> It is important to remember that your car finance loan provider will have a claim over the vehicle until the total amount advanced to facilitate its purchase has been paid.\u00a0 And that a case constantly missed payments or the failure to the loan may see the lender initiate the repossession process.<\/div><\/div>\n<h2 id=\"pros_and_cons_of_car_finance_loans\">Pros and cons of car finance loans<\/h2>\n<p><span style=\"font-weight: 400;\"><div class=\"su-row\"><div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\"><\/span><\/p>\n<p><b>The Pros<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"su-list\" style=\"margin-left:0px\"><\/span><\/p>\n<ul>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> <span style=\"font-weight: 400;\">Allows you to afford a new car if you don\u2019t have the required funds<\/span><\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Flexibility to purchase a more expensive car as you will be paying the funds back in installments<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Suitable for all credit profiles<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Most lenders provide fairly extended repayment periods \u2013 up to 7 years<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Most lenders maintain an easy and straightforward online loan application process<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><\/div><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/div><\/div><div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\"><\/span><\/p>\n<p><b>The Cons<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"su-list\" style=\"margin-left:0px\"><\/span><\/p>\n<ul>\n<li><i class=\"sui sui-remove\" style=\"color:#e31f28\"><\/i> <span style=\"font-weight: 400;\">You won\u2019t own the car outright until you repay your car finance loan in full<\/span><\/li>\n<li><i class=\"sui sui-remove\" style=\"color:#e31f28\"><\/i> Inability to repay loan exposes your car to possible repossession<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><\/div><\/div><\/div><\/div><\/span><\/p>\n<h2 id=\"best_3_car_finance_loan_providers_reviewers_choice\">Best 3 car finance loan providers: Reviewer\u2019s choice<\/h2>\n<div class=\"provider-list-container-0\"><div class=\"row fc-row provider-list-row\">\n    <div class=\"col-12 c-providerBox--loans\">\n        <div class=\"c-providerBox c-providerBox--learnbonds reviewers-choice\" id=\"provider-intro\">\n                            <div class=\"reviewers-choice-label\">\n                    <img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/plugins\/in-content-provider\/Library\/assets\/images\/entypo_shield.svg\" alt=\"\">\n                    Reviewers Choice                <\/div>\n                        <div class=\"c-providerBox--title-row\">\n\t\t        <div class=\"c-providerBox--title-name\">Car Leasing<\/div>            <\/div>\n\n            <div class=\"c-providerBox--details-row row-eq-height row\">\n                <div class=\"c-providerBox--details c-providerBox--details-logo\">\n                    <img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"\" class=\"provider-logo\">\n                <\/div>\n                <div class=\"c-providerBox--details-rating c-providerBox--title-rating d-inline-block d-md-none\">\n                    <div class=\"rating-star-label\">Rating<\/div>\n                    <div class=\"rating--star-container\">\n                        <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                    <\/div>\n                <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_amount\">\n                        <div class=\"c-providerBox--details-data--label\">Available Loan Amount<\/div>\n                        <div class=\"c-providerBox--details-data--value\">varies - varies<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_term_length\">\n                        <div class=\"c-providerBox--details-data--label\">Available Term Length<\/div>\n                        <div class=\"c-providerBox--details-data--value\">5 years<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_representative_apr\">\n                        <div class=\"c-providerBox--details-data--label\">Representative APR<\/div>\n                        <div class=\"c-providerBox--details-data--value\">varies<\/div>\n                    <\/div>\n                                <div class=\"c-providerBox--details c-providerBox--details-ctas\">\n                    <div class=\"c-providerBox--title-rating d-none d-md-inline-block\">\n                        Rating                        <div class=\"rating--star-container\">\n                            <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                        <\/div>\n                    <\/div>\n\n                    <div class=\"signed-up-today d-none d-md-block\">\n                                                                                                <\/div>\n\n                    <a href=\"https:\/\/learnbonds.com\/uk\/visit\/car-leasing\" class=\"btn btn-primary btn-learnbonds\" rel=\"sponsored\" data-relfix=\"1\">Visit Now                    <\/a>\n\n\t                                <\/div>\n            <\/div>\n\n            <div class=\"c-providerBox--footer\">\n                            <\/div>\n\n                    <\/div>\n    <\/div>\n<\/div><div class=\"row fc-row provider-list-row\">\n    <div class=\"col-12 c-providerBox--loans\">\n        <div class=\"c-providerBox c-providerBox--learnbonds \" id=\"provider-intro\">\n                        <div class=\"c-providerBox--title-row\">\n\t\t        <div class=\"c-providerBox--title-name\">Hippo Leasing Direct<\/div>            <\/div>\n\n            <div class=\"c-providerBox--details-row row-eq-height row\">\n                <div class=\"c-providerBox--details c-providerBox--details-logo\">\n                    <img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/HIPPO-LEASING-COMPANY.png\" alt=\"\" class=\"provider-logo\">\n                <\/div>\n                <div class=\"c-providerBox--details-rating c-providerBox--title-rating d-inline-block d-md-none\">\n                    <div class=\"rating-star-label\">Rating<\/div>\n                    <div class=\"rating--star-container\">\n                        <div class=\"rating--star\" style=\"width: 88%;\"><\/div>\n                    <\/div>\n                <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_amount\">\n                        <div class=\"c-providerBox--details-data--label\">Available Loan Amount<\/div>\n                        <div class=\"c-providerBox--details-data--value\">Varies - varies<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_term_length\">\n                        <div class=\"c-providerBox--details-data--label\">Available Term Length<\/div>\n                        <div class=\"c-providerBox--details-data--value\">5 years<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_representative_apr\">\n                        <div class=\"c-providerBox--details-data--label\">Representative APR<\/div>\n                        <div class=\"c-providerBox--details-data--value\">Varies with the lender<\/div>\n                    <\/div>\n                                <div class=\"c-providerBox--details c-providerBox--details-ctas\">\n                    <div class=\"c-providerBox--title-rating d-none d-md-inline-block\">\n                        Rating                        <div class=\"rating--star-container\">\n                            <div class=\"rating--star\" style=\"width: 88%;\"><\/div>\n                        <\/div>\n                    <\/div>\n\n                    <div class=\"signed-up-today d-none d-md-block\">\n                                            <\/div>\n\n                    <a href=\"https:\/\/learnbonds.com\/uk\/visit\/hippo\" class=\"btn btn-primary btn-learnbonds\" rel=\"sponsored\" data-relfix=\"1\">Visit Now                    <\/a>\n\n\t                                <\/div>\n            <\/div>\n\n            <div class=\"c-providerBox--footer\">\n                            <\/div>\n\n                    <\/div>\n    <\/div>\n<\/div><div class=\"row fc-row provider-list-row\">\n    <div class=\"col-12 c-providerBox--loans\">\n        <div class=\"c-providerBox c-providerBox--learnbonds \" id=\"provider-intro\">\n                        <div class=\"c-providerBox--title-row\">\n\t\t        <div class=\"c-providerBox--title-name\">Admiral Loans<\/div>            <\/div>\n\n            <div class=\"c-providerBox--details-row row-eq-height row\">\n                <div class=\"c-providerBox--details c-providerBox--details-logo\">\n                    <img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/admiral-770x433-1.png\" alt=\"\" class=\"provider-logo\">\n                <\/div>\n                <div class=\"c-providerBox--details-rating c-providerBox--title-rating d-inline-block d-md-none\">\n                    <div class=\"rating-star-label\">Rating<\/div>\n                    <div class=\"rating--star-container\">\n                        <div class=\"rating--star\" style=\"width: 56%;\"><\/div>\n                    <\/div>\n                <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_amount\">\n                        <div class=\"c-providerBox--details-data--label\">Available Loan Amount<\/div>\n                        <div class=\"c-providerBox--details-data--value\">0 -  \u00a325,000<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_available_term_length\">\n                        <div class=\"c-providerBox--details-data--label\">Available Term Length<\/div>\n                        <div class=\"c-providerBox--details-data--value\">5 years<\/div>\n                    <\/div>\n                                    <div class=\"c-providerBox--details c-providerBox--details-data provider_representative_apr\">\n                        <div class=\"c-providerBox--details-data--label\">Representative APR<\/div>\n                        <div class=\"c-providerBox--details-data--value\">3.9%<\/div>\n                    <\/div>\n                                <div class=\"c-providerBox--details c-providerBox--details-ctas\">\n                    <div class=\"c-providerBox--title-rating d-none d-md-inline-block\">\n                        Rating                        <div class=\"rating--star-container\">\n                            <div class=\"rating--star\" style=\"width: 56%;\"><\/div>\n                        <\/div>\n                    <\/div>\n\n                    <div class=\"signed-up-today d-none d-md-block\">\n                                            <\/div>\n\n                    <a href=\"https:\/\/learnbonds.com\/visit\/admiral\" class=\"btn btn-primary btn-learnbonds\" rel=\"sponsored\" data-relfix=\"1\">Visit Now                    <\/a>\n\n\t                                <\/div>\n            <\/div>\n\n            <div class=\"c-providerBox--footer\">\n                            <\/div>\n\n                    <\/div>\n    <\/div>\n<\/div><\/div>\n<h2 id=\"how_to_arrange_car_finance_step-by-step_guide\">How to arrange car finance \u2013 step-by-step guide<\/h2>\n<h3 id=\"step_1_choose_your_preferred_car\">Step 1: Choose your preferred car<\/h3>\n<p>First and foremost, you need to choose a car that falls within your budget in terms of initial cost and maintenance. Although you will have the freedom of paying the car off over several years, you still need to ensure that you only purchase a car that you can actually afford. Keep in mind that an expensive the car almost always translates to higher monthly repayment premiums and maintenance costs.<\/p>\n<h3 id=\"step_2_find_a_trusted_car_finance_loan_provider\">Step 2: Find a trusted car finance loan provider<\/h3>\n<p>After identifying the car you wish to buy, you now have to find a car finance loan provider willing to fund its acquisition. This can be a bank, another asset financing institution or even the car dealership.<\/p>\n<p>In most cases, how much you get as car finance loan and the interest rate it carries will largely depend on such factors as your creditworthiness, deposit amounts, and your ability to repay the loan within the agreed period \u2013 proven by your annual incomes.<\/p>\n<h3 id=\"step_3_agree_on_the_loan_terms\">Step 3: Agree on the loan terms<\/h3>\n<p>Once you have found a suitable dealer, you now need to find out what loan terms are on offer. To achieve this, the dealer will likely need to run a credit check on you. This will allow them to ascertain what your financial standing and whether you qualify for a car finance loan.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-464\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Experian_Credit_Score-1.png\" alt=\"Credit rating scale - from very poor to excellent\" width=\"281\" height=\"221\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Experian_Credit_Score-1.png 600w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Experian_Credit_Score-1-300x236.png 300w\" sizes=\"(max-width: 281px) 100vw, 281px\" \/><\/p>\n<p>If you do, the lender will likely present you with the loan pre-approval letter detailing such loans terms as how much they are willing to offer you, the loan interest rates, repayment periods and the amounts to be repaid in monthly installment<\/p>\n<h3 id=\"step_4_pay_your_deposit_and_drive_away\">Step 4: Pay your deposit and drive away<\/h3>\n<p>Once you have agreed on the terms surrounding the car finance loan, you will then be required to make a deposit. The specific amount will vary depending on your preferred dealer although a ball-park figure will usually be around 10%. As we noted earlier, paying a larger deposit will allow you to benefit from smaller monthly installments, so do bear this in mind.<\/p>\n<h3 id=\"step_5_make_your_repayments\">Step 5: Make your repayments<\/h3>\n<p>As is the case with a conventional <a href=\"https:\/\/learnbonds.com\/uk\/personal-loans\">personal loan<\/a>, you will now be required to start making your monthly repayments. It is highly likely that the dealer would have got you to set up a direct debit agreement, meaning that the payments will be taken from your bank account every month. And if you are dealing with fixed loan interest, it will be highly likely that\u00a0 these loan repayments will be fixed. You, therefore, will always end up paying the same amount each month and this erases your budgeting process. Note that missing multiple payments and failure to pay altogether may the lender repossess the car.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-434\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/apps.54044.13996129992949200.2e472734-bf50-4416-b950-4250fad5f27a.jpeg\" alt=\"graphical depiction of the thought process that goes int loan application\" width=\"272\" height=\"153\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/apps.54044.13996129992949200.2e472734-bf50-4416-b950-4250fad5f27a.jpeg 1920w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/apps.54044.13996129992949200.2e472734-bf50-4416-b950-4250fad5f27a-300x169.jpeg 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/apps.54044.13996129992949200.2e472734-bf50-4416-b950-4250fad5f27a-768x432.jpeg 768w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/apps.54044.13996129992949200.2e472734-bf50-4416-b950-4250fad5f27a-1024x576.jpeg 1024w\" sizes=\"(max-width: 272px) 100vw, 272px\" \/><\/p>\n<p>Missing payments also increases the cost of the loan substantially through fines and penalties. And this calls for proper budgeting to ensure you always have enough money in your bank to cover the payments. Far from fines and penalties, note that missed payments are likely to be reported to the main three credit agencies effectively lowering credit score and dimming chances of getting affordable loan in future.<\/p>\n<h3 id=\"step_6_own_the_car_100_outright\">Step 6: Own the car 100% outright<\/h3>\n<p>Some lenders insist on holding on to the car ownership deeds until the loan is repaid in full after which you are credited with absolute ownership of the car.<\/p>\n<h2 id=\"best_3_car_finance_loan_providers\">Best 3 car finance loan providers<\/h2>\n<p>Now that you understand the merits and demerits of applying for a car finance loan and the factors that most loan providers consider in determining the loan amounts to advance you and their accompanying interest rates, lets look at the best three car finance loan providers in the UK.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-465\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loans.jpg\" alt=\"model car on a calculator with a hand dangling car keys\" width=\"641\" height=\"214\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loans.jpg 1200w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loans-300x100.jpg 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loans-768x256.jpg 768w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loans-1024x341.jpg 1024w\" sizes=\"(max-width: 641px) 100vw, 641px\" \/><\/p>\n<p>But first, we look at the criteria used to rank these providers and why we consider them the best.<\/p>\n<h3 id=\"criteria_used_to_rank_the_best_car_finance_providers\">Criteria used to rank the best car finance providers<\/h3>\n<ul>\n<li>Lenders with the most competitive interest rates<\/li>\n<li>How much the lender is able to offer<\/li>\n<li>What credit score you need to obtain the car finance<\/li>\n<li>What type of car finance is offered<\/li>\n<li>How much you will need to pay each month<\/li>\n<\/ul>\n                    \n                    <div class=\"inContentProviderStatic inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderStatic--wrapper\">\n                            <div class=\"container p-0\">\n                                <div class=\"row mb-lg-3 inContentProviderStatic--headerRow\">\n                                    <div class=\"col-12\">\n                                        <h3 class=\"inContentProviderStatic--title\">1. Admiral \u2013 Best provider for the personal loan option<\/h3>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mb-3 pt-sm-3 pt-md-3 pt-lg-0\">\n                                    <div class=\"col-12 col-sm-8 col-lg-9\">\n                                        <div class=\"inContentProviderStatic--descriptions\">\n                                            <p>Aside from lenders that offers asset financing loan specifically designed to facilitate the purchase of a motor vehicle, others offer multi-purpose personal loans.<\/p>\n<p>The upside of such a personal loan over asset financing loan is that you stand to benefit from potentially low rates, especially if you have a good credit score. And one such personal loans provider is UK's Admiral bank.  Here, interest rate on personal loans starts from 3.9% APR for amounts of up to \u00a325,000.<\/p>\n<p>Note however that the low interest rate and attractively high loan amounts are only available to individuals with excellent credit score. You will also have between 1 and 5 years to repay the advanced amounts and accrued interests. How much you qualify with Admiral and accompanying interest rates are however pegged on such factors as your credit score. Moreover, you'll need to have a minimum annual income of \u00a310,000.<\/p>\n                                        <\/div><!--\/.descriptions-->\n                                    <\/div>\n                                    <div class=\"col-12 col-sm-4 col-lg-3 order-first order-md-2\">\n                                        <div class=\"inContentProviderStatic--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 60%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div><!--\/.rating-->\n\n                                        <div class=\"inContentProviderStatic--provider-logo mt-2\">\n                                            <img decoding=\"async\" class=\"float-md-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/admiral-770x433-1.png\" alt=\"Admiral loans\">\n                                        <\/div><!--\/.logo-->\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--pros\">\n                                            <ul class=\"inContentProviderStatic--pros-list\">\n                                                                                                    <li>Extends maximum loan term of 5 years<\/li>\n                                                                                                    <li>Perfect for borrowers with an excellent credit profile<\/li>\n                                                                                                    <li>Extended loan repayments periods of up to \u00a325,000<\/li>\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--cons\">\n                                            <ul class=\"inContentProviderStatic--cons-list\">\n                                                                                                    <li>Not available to bad credit borrowers<\/li>\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mt-3\">\n                                    <div class=\"col-12 col-md-12 text-center text-sm-left\">\n                                        <div class=\"inContentProviderStatic--button\">\n                                                                                        <a href=\"https:\/\/learnbonds.com\/visit\/admiral\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderStatic--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderStatic--wrapper-->\n                    <\/div><!--\/.inContentProviderStatic-->\n\n                                        \n                    \n                    <div class=\"inContentProviderStatic inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderStatic--wrapper\">\n                            <div class=\"container p-0\">\n                                <div class=\"row mb-lg-3 inContentProviderStatic--headerRow\">\n                                    <div class=\"col-12\">\n                                        <h3 class=\"inContentProviderStatic--title\">2. Hippo Leasing \u2013 Best provider for the hire purchase option<\/h3>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mb-3 pt-sm-3 pt-md-3 pt-lg-0\">\n                                    <div class=\"col-12 col-sm-8 col-lg-9\">\n                                        <div class=\"inContentProviderStatic--descriptions\">\n                                            <p>If you like the sound of the hire purchase option - meaning that you will own the car outright once you have made all of your monthly payments, then it might be worth looking to see what Hippo Leasing has to offer. In a nutshell, the platform is a specialist car dealer that allows you to obtain your vehicle on hire purchase.<\/p>\n<p>Most importantly, the platform is authorized by the Financial Conduct Authority, meaning that it has to engage in ethical lending. Hippo Leasing will give you the option of putting a deposit down that is equal to 3, 6, or 9 monthly payments. The loan APR will then be based on such factors as the amount of loan down payment posted, your minimum annual incomes,  and your overall credit profile. You will then get the option of paying the money back within 24 - 60 months.<\/p>\n                                        <\/div><!--\/.descriptions-->\n                                    <\/div>\n                                    <div class=\"col-12 col-sm-4 col-lg-3 order-first order-md-2\">\n                                        <div class=\"inContentProviderStatic--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 88%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div><!--\/.rating-->\n\n                                        <div class=\"inContentProviderStatic--provider-logo mt-2\">\n                                            <img decoding=\"async\" class=\"float-md-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/HIPPO-LEASING-COMPANY.png\" alt=\"Hippo Leasing Direct\">\n                                        <\/div><!--\/.logo-->\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--pros\">\n                                            <ul class=\"inContentProviderStatic--pros-list\">\n                                                                                                    <li>Stocks a wide selection of cars<\/li>\n                                                                                                    <li>Loan terms start from 24 months - up to a maximum of 60 months<\/li>\n                                                                                                    <li>Licensed and regulated by the Financial Conduct Authority<\/li>\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--cons\">\n                                            <ul class=\"inContentProviderStatic--cons-list\">\n                                                                                                    <li>Requires that you pay 3, 6, or 9 months worth of monthly interestas downpayment<\/li>\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mt-3\">\n                                    <div class=\"col-12 col-md-12 text-center text-sm-left\">\n                                        <div class=\"inContentProviderStatic--button\">\n                                                                                        <a href=\"https:\/\/learnbonds.com\/uk\/visit\/hippo\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderStatic--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderStatic--wrapper-->\n                    <\/div><!--\/.inContentProviderStatic-->\n\n                                        \n                    \n                    <div class=\"inContentProviderStatic inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderStatic--wrapper\">\n                            <div class=\"container p-0\">\n                                <div class=\"row mb-lg-3 inContentProviderStatic--headerRow\">\n                                    <div class=\"col-12\">\n                                        <h3 class=\"inContentProviderStatic--title\">3. CarLeasing \u2013 Best provider for the personal contract purchase option<\/h3>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mb-3 pt-sm-3 pt-md-3 pt-lg-0\">\n                                    <div class=\"col-12 col-sm-8 col-lg-9\">\n                                        <div class=\"inContentProviderStatic--descriptions\">\n                                            <p>If neither the personal loan or car finance loan option meets your individual needs, then you can always turn to a personal contract purchaseor the lease purchase options. And Hippo Leasing has the best of both options. The UK-based company offers a plethora of cars under a personal contract purchase agreement, and it is fully regulated and authorized by the Financial Conduct Authority.<\/p>\n<p>The process if highly flexible and involves entering into an agreement with the company in which you promise to lease one of their cars and purchase it later. At the end of the agreement, you will get the chance to purchase the car at its current market value. Take note, the finance company behind the Car Leasing agreement will retain full ownership over the vehicle until you make good the lease amounts and the final cost cost of the vehicle.<\/p>\n                                        <\/div><!--\/.descriptions-->\n                                    <\/div>\n                                    <div class=\"col-12 col-sm-4 col-lg-3 order-first order-md-2\">\n                                        <div class=\"inContentProviderStatic--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating <\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div><!--\/.rating-->\n\n                                        <div class=\"inContentProviderStatic--provider-logo mt-2\">\n                                            <img decoding=\"async\" class=\"float-md-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"Car Leasing\">\n                                        <\/div><!--\/.logo-->\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--pros\">\n                                            <ul class=\"inContentProviderStatic--pros-list\">\n                                                                                                    <li>Agreements typically range between 2 - 5 years<\/li>\n                                                                                                    <li>Offers personal contract purchase agreements<\/li>\n                                                                                                    <li>Stocks a wide range of cars<\/li>\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--cons\">\n                                            <ul class=\"inContentProviderStatic--cons-list\">\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mt-3\">\n                                    <div class=\"col-12 col-md-12 text-center text-sm-left\">\n                                        <div class=\"inContentProviderStatic--button\">\n                                                                                        <a href=\"https:\/\/learnbonds.com\/uk\/visit\/car-leasing\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderStatic--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderStatic--wrapper-->\n                    <\/div><!--\/.inContentProviderStatic-->\n\n                                        \n<h2 id=\"what_is_a_car_finance_loan\">What is a car finance loan?<\/h2>\n<p>In its most basic form, a car finance loan is a type of loan that goes towards the purchase of a motor vehicle. However, the term \u2018car financing\u2019 is a somewhat broad, especially because it can be used to refer to a number of car loan options currently available. As we will discuss in more detail shortly, these include the\u00a0 conventional personal loan, hire lease, or a personal contract purchase. Each of these car finance options comes with its own pros and cons, and whether you qualify for one largely depends on such factors as your current credit score, or the amount of funds you have at your disposal to put down as a deposit.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-457\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/end_finance_early_2.jpg\" alt=\"Model car on a table besides a calculator, pen, paper and stacks of coins\" width=\"272\" height=\"153\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/end_finance_early_2.jpg 860w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/end_finance_early_2-300x169.jpg 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/end_finance_early_2-768x432.jpg 768w\" sizes=\"(max-width: 272px) 100vw, 272px\" \/><\/p>\n<p>In order to give you a clear picture of how car finance can works, we have outlined the three main options you will likely have to choose from.<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-search\" style=\"color:#666a64\"><\/i> Personal Loan<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<p>Personal loans have time and again ben hailed as one of the best options available to you when it comes to borrowing funds to purchase a new car. The reasons for this are effectively three-fold. First, if you are currently in possession of a good or excellent credit score, then you might be able to obtain a loan at an affordable interest rate. In fact, some high street lenders are now offering deals of 4% APR, which is super competitive. Secondly, most personal loan providers don\u2019t necessaily require collateral.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-392\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/140-bridging-loan-providers.jpg\" alt=\"cartoon man at loan crossroads\" width=\"225\" height=\"225\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/140-bridging-loan-providers.jpg 412w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/140-bridging-loan-providers-150x150.jpg 150w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/140-bridging-loan-providers-300x300.jpg 300w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/p>\n<p>This means that you will not be required to put any assets like your house up to secure the loan. Moreover, you get absolute rights and ownership of the vehicle as if you purchased in cash. In fact, as soon as the car dealer receives the funds, you will retain 100% ownership of the vehicle. As we will discuss shortly, this is in stark contrast to other car finance options that don\u2019t let you own the car until all of your repayments have been made.<\/p>\n<ul>\n<li><i class=\"sui sui-search\" style=\"color:#666a64\"><\/i> Hire Purchase<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<p>The second option that you have at your disposal is to opt for a hire purchase agreement. In its most basic form, this operates in a similar fashion to a conventional lease. The way it works is you will sign a car hire purchase with the dealer in question, and then repay the cost of the car over a set number of monthly instalments. However, there are some differences between a car hire purchase and that of a personal loan. For example, it is likely that you will pay a higher rate of interest with the car dealer, not lease because you are not going direct with a lender.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-459\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loan-versus-car-finance-guide_content.jpg\" alt=\"Man holding a paper with a piggy bank and car drawing\" width=\"265\" height=\"166\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loan-versus-car-finance-guide_content.jpg 660w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/car-loan-versus-car-finance-guide_content-300x188.jpg 300w\" sizes=\"(max-width: 265px) 100vw, 265px\" \/><\/p>\n<p>Moreover \u2013 and unlike a traditional personal loan \u2013 you will need to put down a deposit in order to be eligible for the hire purchase. While the specific amount will vary from provider-to-provider, it typically averages 10% of the total cost of the car. Finally \u2013 and perhaps most crucially \u2013\u00a0 the hire purchase service lender may not transfer the ownership of the car until you pay the advance is paid in full. This also implies that the lender can easily reclaim the car if you default on the monthly repayments.<\/p>\n<ul>\n<li><i class=\"sui sui-search\" style=\"color:#666a64\"><\/i> Personal Contract Purchase<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<p>The third car finance loan option if the personal contract purchase agreement offered by most car leasing companies. Take note though that while the personal contract purchase may look similar to a hire purchase agreement, the contract purchase adopts a different apprach to acquiring the car. Here is an outline of some of the key characteristics of a personal contract purchase:<\/div>\n<ul>\n<li>Much like a purchase hire, you will be required to pay a deposit upfront, which again, will usually need to be at least 10%<\/li>\n<li>You will be offered a rate of interest, which will be based on your current credit score (among other metrics)<\/li>\n<li>You do not own the car while the agreement is still ongoing<\/li>\n<li>However, when the contract does come to an end, you will be given three options as to how you want to proceed. You can either [A] return the car at no extra cost [2] purchase the car outright at its current market value or [3] use the car\u2019s current market value as a deposit for a new personal contract purchase.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignright wp-image-461\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-14-at-14.01.17.png\" alt=\"Car loan approval papers resting besides car keys\" width=\"297\" height=\"157\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-14-at-14.01.17.png 568w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-14-at-14.01.17-300x158.png 300w\" sizes=\"(max-width: 297px) 100vw, 297px\" \/><\/p>\n<p>As you can see from the above points, a personal contract purchase is much more complex than personal loan or hire purchase finacing options. This however isnt to say that the personal contract purchase doest have its benefits. For example, your monthly payments will typically be much lower than that of a hire purchase, and you are given the option of buying the car or returning it at the end of the agreement. Moreover, not only will you not need to worry about the impact of depreciation (which is guaranteed), but you can usually include servicing and maintenance within the agreement.<\/p>\n<h2 id=\"what_is_the_cost_of_a_car_financing_loan\">What is the cost of a car financing loan?<\/h2>\n<p>Again, there is no one size fits all answer to how much car finance will cost you, especally considering that there are heaps of variables to take into consideration. For example, this will firstly include the type of car finance loan that you opt for. Moreover, the specific rate that you get will also be dependent on your current financial standing, such as your credit score and your current debt to income ratio.<\/p>\n<p>Nevertheless, in order to give you a clearer picture of some of the factors that might determine how much you end up paying for the car finance loan, check out the factors listed below:<\/p>\n<p><strong>i) Type of car finance loan option<br \/>\n<\/strong><\/p>\n<p>If you opt for a personal contract purchase over a hire purchase agreement, then you will all-but certainly pay a lower monthly amount. This is because you are only paying an amount equal to the vehicle\u2019s assumed depreciation, as opposed to paying the full value of the car off.<\/p>\n<p><strong>ii) Size of your downpayment<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-412\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-13-at-13.30.45.png\" alt=\"De[piction of a calculator dollar, time and bank \" width=\"299\" height=\"158\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-13-at-13.30.45.png 480w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/Screenshot-2019-11-13-at-13.30.45-300x159.png 300w\" sizes=\"(max-width: 299px) 100vw, 299px\" \/><\/p>\n<p>While the car dealer in question will likely specify a minimum deposit amount that you need to put down (which is usually around 10% of the car\u2019s value), you do have the option of contributing a larger downpayment. This can be highly beneficial for you in the long-run, as it will mean that your monthly payments will be lower. On the contrary, if you opt for a personal loan then you likely won\u2019t need to worry about a downpayment.<\/p>\n<p><strong>iii) APR percentage<\/strong><\/p>\n<p>Your choice of loan type notwithstanding, you will need to pay interests on the advanced amounts. The specific APR rate will not only vary depending on the type of loan you opt for and the dealer behind the loan, but also your specific credit profile, too.\u00a0 In other words, the better your credit rating, the lower the interest rate is likely to be.<\/p>\n<p><strong>iv) Additional fees<\/strong><\/p>\n<p>You need to be sure that you understand the car finance package that is offered to you, as this might include a number of additional fees that need to be taken into account. For example, if opting for a personal loan, then you might need to pay an origination fee. This is the fee charged by lenders to cover the cost of facilitating the loan, and usually ranges from 0.5%, to 5%.<\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Car Leasing <\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating <\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"Car Leasing\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Extended loan repayment periods of up to 60 months<\/li>\n                                                                                                    <li>Specialist car hire purchase company<\/li>\n                                                                                                    <li>Platform authorised by the FCA<\/li>\n                                                                                                    <li>Specialist hire purchase company<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Car-Leasing.png\" alt=\"Car Leasing\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                                                                    <div class=\"inContentProviderSingle--button\">\n                                                                                                <a href=\"https:\/\/learnbonds.com\/uk\/visit\/car-leasing\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now<\/a>\n                                            <\/div>\n                                                                                <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n<h2 id=\"glossary_of_loan_terms\">Glossary of loan terms<\/h2>\n\n\t\t<div class=\"glossary-component--container\">\n\t\t\t<div class=\"glossary-component--inner\">\n\t\t\t\t<div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Score.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Score<\/span><\/div><div class=\"glossary-component--term-text\"><p>A credit score shows your creditworthiness. It's primarily based on how much money you owe to loan or credit card companies, if you have ever missed payments or if you have ever defaulted on a loan. <\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Guaranteed.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Guaranteed Approval <\/span><\/div><div class=\"glossary-component--term-text\"><p>Guaranteed Approval is when, no matter how bad, your credit score its, your loan application will not get declined.\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Limit.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Limit <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Credit Limit is the highest amont of credit a lender will lend to the borrower.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Collateral.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Collateral<\/span><\/div><div class=\"glossary-component--term-text\"><p>Collateral is when you put up an item against your loan such as your house or car. These can be repossessed if you miss payments.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Cash-Advance.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Cash Advance  <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Cash Advance is a short-term loan that has steep interest rates and fees.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Rating.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Rating<\/span><\/div><div class=\"glossary-component--term-text\"><p>Your Credit Rating is how likely you are to fulfill your loan payments and how risky you are as a borrower.\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Fixed-Interest.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Fixed Interest Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p>Fixed Interest Rate is when the interest rate of your loan will not change over the period you are paying off you loan.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Interest.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Interest <\/span><\/div><div class=\"glossary-component--term-text\"><p>The Interest is a percentage based on the amount of your loan that you pay back to the lender for using their money<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Default.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Default <\/span><\/div><div class=\"glossary-component--term-text\"><p>If you default on your loan it means you are unable to keep up with your payments and no longer pay back your loan.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Late-Fee.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Late Fee<\/span><\/div><div class=\"glossary-component--term-text\"><p>If you miss a payment the lender will charge you for being late, this is known as a late fee.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Unsecured.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Unsecured Personal Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>An Unsecured Personal Loan is when you have a loan based solely on your creditworthliness without using collateral.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Secured-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Secured Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>A Secured Loan is when you put collateral such as your house or car up against the amount you're borrowing.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Prime-Rate.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Prime Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p>This is the Interest Rate used by banks for borrowers with good credit scores.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Principle.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Principal<\/span><\/div><div class=\"glossary-component--term-text\"><p>The Principal amount the borrower owes the lender, not including any  interest or fees.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Variable-Rate.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Variable Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p> A Variable Rate is when the interest rate of you loan will change with inflation. Sometimes this will lower your interest rate, but other times it will increase. <\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Installment-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Installment Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>An Installment Loan is a loan that is paid back bi-weekly or monthly over the period in which the loan is borrowed for.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Bridge-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Bridge Loan <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Bridge Loan is a short term loand that can last from 2 weeks up to 3 years dependant on lender.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/AAA-Credit.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>AAA Credit<\/span><\/div><div class=\"glossary-component--term-text\"><p>Having an AAA Credit Rating is the highest rating you can have.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Guarantor.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Guarantor <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Guarantor co-signs on a loan stating the borrower is able to make the payments, but if they miss any or default the Guarantor will have to pay.\r\n\r\n\r\n\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/LIBOR.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>LIBOR <\/span><\/div><div class=\"glossary-component--term-text\"><p>LIBOR is the London Inter-Bank Offered Rate which is the benchmarker for the interest rates in London. It is an average of the estimates interest rates given by different banks based on what they feel would be the best interest rate for future loans.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Home-Equity.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Home Equity Loans <\/span><\/div><div class=\"glossary-component--term-text\"><p>Home Equity Loans is where you borrow the equity from your property and pay it back with interest and fees over an agreed time period with the lender.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Debt.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Debt Consolidation <\/span><\/div><div class=\"glossary-component--term-text\"><p>Debt Consolidation is when you take out one loans to pay off all others. This leads to one monthly payment, usually with a lower interest rate.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Federal-Student.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Student Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>If you obtain a Student Loan to pay your way through College then you loan is held with the Department for Education U.K.\r\n\r\n\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Broker.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Student Grants<\/span><\/div><div class=\"glossary-component--term-text\"><p>Financial Aid in the form of grants is funding available to post-secondary education students throughout the United Kingdom and you are not required to pay grant<\/p><\/div><\/div>\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n<h2 id=\"faq\">FAQ<\/h2>\n<div class='man_faq_sec' itemscope itemtype='https:\/\/schema.org\/FAQPage'> <\/time><time itemprop=\"dateModified\" datetime=\"2020-03-26 10:02:16\"><\/time><script>jQuery(document).ready(function() {\r\n\t\t\tjQuery('.accordionButton').on('click', function() {\r\n\r\n\t\t\t\t\/\/REMOVE THE ON CLASS FROM ALL BUTTONS\r\n\t\t\t\tjQuery('.accordionButton').removeClass('on');\r\n\t\t\t\t\t\r\n\t\t\t\t\/\/NO MATTER WHAT WE CLOSE ALL OPEN SLIDES\r\n\t\t\t\tjQuery('.accordionContent').slideUp('normal');\r\n\t\t\t\r\n\t\t\t\t\/\/IF THE NEXT SLIDE WASN'T OPEN THEN OPEN IT\r\n\t\t\t\tif(jQuery(this).closest('.ms_faq').find('.accordionContent').is(':hidden') == true) {\r\n\t\t\t\t\t\r\n\t\t\t\t\t\/\/ADD THE ON CLASS TO THE BUTTON\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionButton').addClass('on');\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\/\/OPEN THE SLIDE\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionContent').slideDown('normal');\r\n\t\t\t\t} \r\n\t\t\t\t\t\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t\t<\/script><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What is the best car finance option if I have excellent credit?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">If you have a really good credit score, then you might be best off going with a personal loan. Not only will you likely benefit from super-low APR rates, but you\u2019ll also own the vehicle outright from day one.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">If I go with a hire purchase, how much will I need to pay upfront?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">This will depend on the specific provider that you go with. We find that the industry average is a minimum of 10% upfront. <\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Will I own the car if I opt for car finance?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">If you opt for a personal loan, then you will own the car 100% from the moment you purchase it. On the contrary, if you opt for a hire purchase or personal contract purchase, then you will not own the car until you meet all of your repayments in full. Don\u2019t forget, you are under no obligation to proceed with ownership if you go with a personal contract purchase. <\/p>\r\n                <\/div><\/div><\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Best Car Finance Loan Providers &#038; Sites in 2020<br \/>\nThis is how you arrange for car finance. We also tell you the 3 best car finance companies. Get upto $25k today!!<\/p>\n","protected":false},"author":632,"featured_media":458,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-451","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":{"show_disclaimer":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best Car Finance Loan Providers &amp; Sites In 2025 | Learnbonds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Car Finance Loan Providers &amp; Sites In 2025 | Learnbonds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"LearnBonds UK\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-29T11:02:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/learnbonds.com\/uk\/wp-content\/images\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"936\" \/>\n\t<meta property=\"og:image:height\" content=\"618\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/\",\"url\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/\",\"name\":\"Best Car Finance Loan Providers & Sites In 2025 | Learnbonds\",\"isPartOf\":{\"@id\":\"https:\/\/learnbonds.com\/uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg\",\"datePublished\":\"2019-11-16T02:25:55+00:00\",\"dateModified\":\"2024-04-29T11:02:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage\",\"url\":\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg\",\"contentUrl\":\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg\",\"width\":936,\"height\":618},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/learnbonds.com\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Best Car Finance Loan Providers &amp; Sites in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/learnbonds.com\/uk\/#website\",\"url\":\"https:\/\/learnbonds.com\/uk\/\",\"name\":\"LearnBonds UK\",\"description\":\"Just another LearnBonds.com site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/learnbonds.com\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Best Car Finance Loan Providers & Sites In 2025 | Learnbonds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/","og_locale":"en_GB","og_type":"article","og_title":"Best Car Finance Loan Providers & Sites In 2025 | Learnbonds","og_url":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/","og_site_name":"LearnBonds UK","article_modified_time":"2024-04-29T11:02:04+00:00","og_image":[{"width":936,"height":618,"url":"https:\/\/learnbonds.com\/uk\/wp-content\/images\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/","url":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/","name":"Best Car Finance Loan Providers & Sites In 2025 | Learnbonds","isPartOf":{"@id":"https:\/\/learnbonds.com\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage"},"image":{"@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg","datePublished":"2019-11-16T02:25:55+00:00","dateModified":"2024-04-29T11:02:04+00:00","breadcrumb":{"@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/learnbonds.com\/uk\/car-finance-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#primaryimage","url":"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg","contentUrl":"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2019\/11\/eaff8df99e519e3f9e6392ad3c6e4781.jpg","width":936,"height":618},{"@type":"BreadcrumbList","@id":"https:\/\/learnbonds.com\/uk\/car-finance-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/learnbonds.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Best Car Finance Loan Providers &amp; Sites in 2021"}]},{"@type":"WebSite","@id":"https:\/\/learnbonds.com\/uk\/#website","url":"https:\/\/learnbonds.com\/uk\/","name":"LearnBonds UK","description":"Just another LearnBonds.com site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/learnbonds.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/pages\/451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/users\/632"}],"replies":[{"embeddable":true,"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/comments?post=451"}],"version-history":[{"count":0,"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/pages\/451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/media\/458"}],"wp:attachment":[{"href":"https:\/\/learnbonds.com\/uk\/wp-json\/wp\/v2\/media?parent=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}