Fair Investment

Car Loan News Nationwide Loans Offer Lowest Rate On The Market For New Cars 18469930

Editorial Team

Nationwide loans offer ‘lowest rate on the market’ for new cars

28 September 2009 / by Rachael Stiles

Nationwide currently boasts the cheapest loan on the market, the building society claims, which is ideal for those who want to take advantage of the new car registration that came out this month and upgrade their motor.

Whether people are trading in their old banger using the scrappage scheme, or just upgrading to the latest model, Nationwide urges potential car shoppers that it is not only important to shop around for the right car for their circumstances, but for the right car loan too.

As the recession continues to squeeze many household budgets, it’s more important than ever to get the best loan deal possible, and Nationwide FlexAccount customers could benefit from a typical Nationwide loan rate of 7.7 per cent, the lowest on the market according to the lender, beating all the high street banks and supermarkets.

While the finance deals offered by car dealers on the forecourt might look appealing at the time, especially if they are offering zero per cent loans, Nationwide cautions car buyers of getting lured in by attractive rates that could end after a year and then shoot up to a much higher rate which could make the loan more costly in the long run.

A personal loan could be one of the cheapest ways to finance a new car, Nationwide suggests, but encourages customers to calculate the total cost of borrowing over the life of the loan, and to stretch themselves by borrowing more than they can afford.

Chris Rhodes, group product and marketing director, said: “Whether you are buying a brand new Audi TT or a second hand Renault Megane you’ll want to get a good deal on the car, and a good deal on the loan you take out to pay for it. So it pays to shop around not just in the showrooms, but also to find the best personal loan rates.

“I’m delighted that for Nationwide current account customers we’ve taken the pain out of shopping around, by making sure we offer them the best deal around. This is just the first of many offers we’ll be providing to Nationwide current account customers over the coming months.”

© Fair Investment Company Ltd
Lender Min – Max Loan Credit History Representative APR Term Apply
£1,500 – £50,000 Good to Poor Credit 19.1% 2 to 5 Years Get Quotes >
Take charge of your car finance with Zuto. Loans of £1,500 – £50,000 for 2-5 years. Representative Example: The Representative APR is 19.1% (fixed) so if you borrow £7,500 over 49 months at a rate of 19.1% p.a. (fixed) you will repay £218.78 per month and repay £10,501.26 in total. b>
Provider Loan Amount Credit History Rates From Term  
£1,000 to £25,000 Good Credit Only 3.0%

APR
Representative

(£7,500-£15,000)

 1 year to 5 years Get Quotes >
Loans from £1,000 to £25,000. Fixed monthly payments and no set-up charges. 3.0% APR Representative. A loan of £10,000 over 5 years will cost you £179.68 per month at a representative 3.0% APR. The total cost after 5 years is £10,780, which includes £780.80 interest at 3.0% fixed and a £0 fee. The total amount of credit is £10,000. The rate and fee you are offered will depend on your individual circumstances
£1,000 to £20,000 Good Credit Only 3.00%

APR
Representative

(£7,500-£15,000)

 1 to 5 years Get Quotes >
Loans from £1,000 to £20,000. Instant online decision. Representative 3.0% APR. Based on a loan amount of £10,000 over 60 months at an interest rate of 3.0% p.a. (fixed). Monthly repayment of £179.51. Total amount repayable £10,770.60.
£2,500 to £25,000 Good Credit Only 3.3%

APR
Representative

(£5,000-£25,000)

 2 to 5 years Get Quotes >
Loans from £2,500 to £25,000. Fixed monthly payments and no set-up charges. 3.3% APR Representative. A loan of £5,000 over 3 years will cost you £135.61 per month at a representative 3.3 APR. The total cost after 5 years is £8,136.60. The rate and fee you are offered will depend on your individual circumstances
£1,000 to £20,000 All Credit Histories Considered 42.5%

APR
Representative

 1 to 6 Years Get Quotes >
Rebuild Your Credit. Instant Online Decision using ‘soft’ credit searches (Won’t affect your credit score). Funds as soon as same day. No early repayment fees. Dedicated Customer Support Team. Representative Example: If you borrow £3,000 over 3 years at a rate of 31.9% per annum (fixed) you will repay £137.31 per month & £4,943.25 in total.
£1,000 to £20,000 All Credit Histories Considered 99.90%

APR
Representative

 1 to 2 Years Get Quotes >
Interest Rates from 35.9% – 99.9%, depending on the information you provide in your application. Fixed monthly repayments. Instant Online Decision. Representative Example: The Representative APR is 99.9% – Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.
Lender Min – Max Loan Credit History Representative APR Term Apply
£7,500 – £14,999 Excellent Credit Only 3.90% 1 to 5 Years Get Quotes >
3.90% APR for new customers. 3.60% APR for existing customers. Loans of £7,500 – £15,000 for 1-5 years. Representative Example:If you borrow £10,000 over 5 years at a Representative rate of 3.9% APR fixed and an interest rate of 3.90% you would pay £183.41 per month. Total charge for credit will be £1,004.48. Total amount repayable is £11,004.60. b>
£7,500 – £20,000 Excellent Credit Only 4.44% 1 to 5 Years Get Quotes >
All
£1,000 – £25,000 Excellent Credit Only 7.00% 6 Months to 5 Years Get Quotes >
Loans from £1,000 to £25,000. Fixed monthly payments and no set-up charges. 7.0% APR Representative. Based on an assumed loan amount of £5,000 over 24 months at an interest rate of 7.0% p.a. (fixed). Monthly repayment £223.86. Total amount payable £5,372.64
£1,000 – £20,000 Poor Credit 48.50% 1 to 3 Years Get Quotes >
Provider Loan Amount Credit History Rates From Term  
£10,000 to £250,000 Good Credit Only 4.45% 3 to 25 Years Get Quotes >
£20,000 to £100,000 All Credit Histories Considered 4.45%

APR

 3 to 30 Years Get Quotes >
£15,000 to £200,000 All Credit Histories Considered 4.49%

APR

 3 to 25 Years Get Quotes >
£20,000 to £100,000 Fair Credit 6.74% 3 to 30 Years Get Quotes >
£10,000 to £50,000 All Credit Histories Considered 9.0%

APR

 5 to 25 Years Get Quotes >
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Provider Min – Max Loan Credit History APR Term Max LTV Apply
£5,000 – £80,000 Fair Credit 9.95% 3 to 25 Years 60% Get Quotes >
£10,001 to £50,000 Poor Credit 15.00% 5 years to 25 years 70% Get Quotes >
£10,000 – £500,000 All Credit Profiles Considered 15.10% Typical
(Variable)		 3 Years – 25 Years Up to 90% Get Quotes >
The Loans Engine are a broker, not a Lender. The Loans Engine will connect you with a Lender suitable for your needs. They do not charge you an upfront fee but if your application is successful a Broker commission may be charged.
£3,000 to £10,000 Fair Credit 19.60% 3 to 10 Years 90% Get Quotes >
£5,000 to £10,000 Poor Credit 30.60% 3 to 10 Years 120% Get Quotes >


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Lender Min – Max Loan Credit History Representative APR Term Apply
£1,000 – £25,000 Excellent 7.90% 6 Months to 5 Years Get Quotes >
Loans from £1,000 to £25,000. Fixed monthly payments and no set-up charges. 7% APR Representative. Based on an assumed loan amount of £5,000 over 24 months at an interest rate of 7.0% p.a. (fixed). Monthly repayment £223.86. Total amount payable £5,372.64
£1,000 – £2,999 Good Credit Only 13.70% 1 to 5 Years Get Quotes >
3.90% APR for new customers. 3.60% APR for existing customers. Loans of £7,500 – £15,000 for 1-5 years. Representative Example: 3.90% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.90% p.a. (fixed). Monthly repayment £183.41. Total amount payable £11,004.60. b>
£1,000 – £2,999 Good Credit 21.14% for loans up to £2,999 1 to 5 Years Get Quotes >
All
£1,000 – £20,000 Poor Credit 48.50% 1 to 3 Years Get Quotes >
£1,000 – £5,000 (Guarantor Loan) All Bad Credit Considered 53.80% 1 to 5 Years Get Quotes >

Fair Investment Company is independent and provides a selection of some of the leading loan deals available. Our service does not compare or contrast all of the loan deals currently available in the market. If you would like to arrange any of the products shown in the table please click on the “Apply” link which will take you to the provider’s website where you will be able to view further details of the product and apply online.

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