Car loans UK available right now
Everyone has needed car finance at some point in their life. Whether it’s to buy a used car, refused credit on a new or nearly new car, or hit with a sudden repair bill – cars are a constant source of money worry.
Looking to buy a new or used car, or carry out some major necessary repairs? As a quality car loans UK provider, Now Loans provides financial solutions to help get you back on the road as quickly as possible with minimal stress.
Why use car loans for bad credit?
Cars are an expensive investment. If buying one new, even a cheaper and older model costs thousands of pounds. If you buy an older and cheaper car, the initial outlay is less expensive, but the cost of maintenance isn’t. For some people, car ownership is a necessity rather than a luxury.
People with a bad credit score or no credit history naturally struggle to raise this sort of money – either as savings or credit-worthiness. Simply, motor finance is impossible to obtain for certain groups of people. Credit agreements are stringent and overly cautious in most cases.
But there is an alternative arrangement that doesn’t rely on family or an overdraft. Now Loans bad credit car loans UK deals help people with poor credit maintain their independence. No extensive credit checks, just an examination of your ability to repay the loan.
Not that repairs or refusal of credit is the only reason people choose to take out a car loan. Sometimes, it is the cheaper option than taking out a Mercedes Benz car loan or a BMW car loan through official providers.
Our car loans are affordable
- With our car loans for bad credit, you may borrow anything between £1000 and £15,000 for a new, used vehicle, or repairs
- A quick and easy application process
- The ability to repay early if you have spare cash
- Flexibility on all car loans for bad credit when choosing Now Loans
We aim to deliver the best car loans UK providers can offer, with flexible, fast loans that places less emphasis on your past credit and more on present ability to pay over the agreement period. This gives you a much higher chance of acceptance.
If you have a history of bad credit history and previously refused cheap car loans, you have come to the right place.
- Borrow up to £15,000 in secured loans against car costs (buying or repairing)
- Competitive rates on a range of car loans for bad credit UK residents
- A quick and easy application process applying for online car loans
- An option to repay bad credit car loans early to reduce cost and become debt free
- Flexible repayment terms on heap car loans
- 100% free, with no obligation to buy any car loans for bad credit
The cheapest car loans UK offers are available through Now Loans. What’s more, the money for your loan to pay off debt related to your car, or to upgrade your vehicle, will drop into your account within 24 hours.
If you’re interested in car loans, bad credit or to pay for repairs, and you’re a UK resident, look no further than Now Loans.
How Is interest charged against your online car loans?
When agreeing to car loans, bad credit or other type of motor related loan, you set the amount and adjust the number of months that you wish to pay back over. You will then agree to an interest rate above the amount borrowed which is then applied to the loan. The cost of the interest is added on top and spread out evenly.
Interest is based on your credit score even when loan eligibility looks at ability to pay. With a poor credit history, it’s likely a higher rate of interest will apply to online car loans.
Now Loans is committed to helping our customers find the ideal financial solution for their individual needs. Whether that is a loan to pay off debt, personal loans secured on car or other assets, cheap car loans, or anything else we offer.
We provide medium to long-term solutions for customers all over the UK, ideal for people who have been refused credit in the past or those with no credit history, who are confident of paying back loans against car ownership.
Check eligibility before applying. We could have a decision for you in principle within a matter of minutes.
Repaying your bad credit car loan
Car loans, bad credit or other secured loans against car, or other motor vehicle, is a straightforward process. Now Loans offers practical solutions to help you secure that car or get your existing vehicle back on the road. Our panel of specialist lenders offer up to £25,000, repayable over up to 10 years, with the option of early settlement.
Subject to certain affordability checks, you can choose a repayment plan to suit you. Secured loans against car and other assets is a great alternative way to finance vehicle investment or repairs.
If you have a bad credit history, our best car loans UK deals will help improve your credit score too.
How long do online car loans take to process?
Our bad credit car loans are fast and efficient. We pride ourselves on a making this as stress free and as simple for you as possible. Just enter a few simple details to compare some of the best car loans UK lenders have to offer.
All you need to do is:
- Use the personal loan calculator provide to decide on an amount
- Fill out some basic details (name, address, employment status)
- Hit ‘apply now’
You’ll get an instant response from our team with a range of choices. If successful, you’ll have an “in principle” acceptance in moments on our car loans bad credit schemes, loans secured on car or other vehicle, car log book loans, and many others.
How much can I borrow?
Depending on your circumstances, the car loans bad credit deal from Now Loans could be up anything between £1,000 and £25,000. Check your eligibility at the touch of a button. Our cheapest car loans available in the UK is safe and secure and free to apply.
Car loans for bad credit in the UK have never been easier, so what are you waiting for?
Please fill in more information to see initial calculations.
This tool is for guidance ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of each product. Lenders have a duty to conduct affordability checks when you apply for a loan.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £162.34 at a fixed interest rate of 45.10%. Total interest payable at £2,844.30, meaning the total repayable after 36 months is £5,844.30.
Representative APR 50.0% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £144.16 at a fixed interest rate of 34.05%. Total interest payable at £2,189.60 meaning the total repayable after 36 months is £5,189.60.
Representative APR 39.9% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.