What are the main benefits of getting a car loan?

A car loan enables you to own your car outright but still spread the cost over an extended period.

With a Shawbrook loan, you could borrow between £1,000 - £50,000.  You can take the loan over one to seven years, depending on the amount you wish to borrow. 

With a Shawbrook car loan:

  • The amount and length of the loan are flexible 
  • The application process is straightforward
  • You'll have the money transferred to your account within three working days, if approved for the loan
  • You can know exactly how much you have to pay month-to-month with fixed repayments
  • No deposit is required with a personal loan, unlike some car finance options such as
    personal contract purchase (PCP) and hire purchase (HP) agreements
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