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When buying a new car it’s always good to know how much cash you’ve got in your back pocket before you start your hunt. That’s why Barclays do their best to provide personalised upfront price quotes that won’t damage your credit rating. You can secure yourself between £1000 and £50,000 over 2-5 years. So whether you’re looking for a cheap nip around or something on the luxury side, Barclays may be able to help.
Buying a car on finance requires you to commit to monthly payments, so make sure you carefully work out your budget and choose an affordable option. Don’t forget to take into consideration other costs you’ll need to pay out, such as maintenance costs, before making your final decision. Late repayments will damage your credit score, making it harder to source future finance.
Warning: late repayments can cause you serious money problems. See our debt help guides.
These personal loans are unsecured – meaning they’re be based on creditworthiness, rather than the use of property or other assets as collateral.
The cost of your car finance will depend on factors like how much finance you want, how long you want it for and your credit score.
All lenders must calculate the APR of their products in the same way and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison, alongside other features such as the total amount payable.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
Barclays do their best to help anyone that can afford to finance a car. However you will need to meet the following criteria:
If you are a Barclays Premier customer, you can get a discounted rate on your personal loan. We cover how it works, if it’s worth it and how to apply.
Barclays’ existing customers in need of some extra financial support for their personal projects can apply for this fee-free unsecured personal loan.
Considering a Barclays personal loan? Use our calculator to work out how much you’ll pay back. Plus, you can see whether Barclays’ rivals offer a cheaper deal.
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