Why choose a personal loan?
If you want to buy a new car but don’t have the cash in the bank, there are plenty of different ways to borrow. You could go for a finance package offered by a car dealership or showroom, or you could lease the car.
Taking out a low-cost personal loan to finance your car means you are a cash buyer and you can drive a harder bargain. You also don’t have to stick to buying from a car dealership or showroom, which if you’re buying a used car is great as you can keep your options open.
The interest rate on a personal loan could also be a lot cheaper than if you borrowed the money another way. You’ll just make one simple payment each month and you can spread your repayments over a time period that suits you.
Most importantly, the car is yours to keep.
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