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We search for the best car loan rate for used cars in the UK

These days finding the money to buy a car, even a used car, can be quite difficult. The economy is still struggling and many people have found themselves either out of work or on severely reduced wages, but there are companies out there who can help. Before you go jumping into a car loan, you might want to take a look at this guide to finding the best car loan rate for a used car.

While buying from the new car market does have its benefits, namely better service deals, the knowledge that your car is guaranteed and plenty of other extras tacked on, the cost is simply too prohibitive for most people. However the used car market can still represent great value for money if you are willing to shop around. We recommend you have a mechanic take a good look at any vehicle before you commit to buy, but that's not what we're here to discuss.

If you're looking for a good car loan rate for a used car, then we have a few companies we think you should check out. carloan4u.co.uk will allow you to buy your car from any dealer, used or new, with no deposit required and rates as low as 7.9% APR. They'll consider every potential customer and will give you a fast decision. You can apply online or by calling them today at 0871 220 6007.

You could also take a look at Halifax who offer unsecured personal loans from £7,000 up to £15,000. You can repay over 1 to 7 years and the APR is as low as 8.8%, meaning that a £9,000 loan over 5 years would cost you a total of £11,080.80 split over 60 monthly repayments of £184.68. An excellent deal for anyone looking to splash out on a car we're sure you'll agree!

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