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A Secured consumer Car Loan or Vehicle Finance is where the funder or lending entity lends you they funds for a private use vehicle and then secures the loan against the vehicle by placing an encuberance over the goods in question.

As a private individual, a Secured consumer car loan or vehicle finance allows you to borrow money to purchase a vehicle. In general terms a consumer car loan or consumer car finance will have a lower interest rate then an unsecured personal car loan.

When a credit provider or funder provides a Car Loan or car finance,The vendor of the vehicle is paid directly on settlement of your car loan or vehicle finance. Wether this is a a dealer private sale or auction purchased vehicle. You own the car from day one and make fixed monthly payments for the duration of the car loan or vehicle finance. Once the car loan is paid out, the encumberance is lifted from the vehicle giving you clear title.

If you are considering a Secured Consumer car loan or car finance? You may also be interested in a Personal Car Lease, Commercial Hire Purchase vehicle finance or un unsecured personal loan. Depending on your circumstances and the age of the vehicle or car you are puchasing.

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Pre-Approval