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Thinking of buying a car?

True cost of owning a car

Secured Loans > Our Loans > Car Loan > True cost of owning a car

Have you considered buying a new car? You may be surprised at the real cost behind owning a new car once you add all the additional extras. Insurance, fuel, parking and maintenance, it all adds up and that’s not even to mention the swift depreciation new cars face. Never fear though, there are ways in which you can save yourself some money. Why not have a look at our infographic and see for yourself?

Getting the money you need for the car you want can sometimes prove to be a stumbling block. Why not have a look at our car loans and see just how affordable getting the car you want might be?

Cost of Owning a car Infographic
Warning: Late payment can cause you serious money problems. For help, go to moneyhelper.org.uk
Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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