We Put You In Control!
We offer a range of traditional car finance products, including Hire Purchase, Lease Purchase, Personal Contract Purchase, and Personal Loans.
Whether you're an individual or a business, financing your next car could be the perfect solution. With our financing options, you could even afford to get a newer or better-quality vehicle.
At Car Loans R Us, we put you in control. You choose the car, the dealer, and the payment plan to suit your needs.
We aim to make the vehicle financing process as simple and stress-free as possible. We understand that getting finance can be a concern. Still, we encourage our customers to get their finance in place before looking for vehicle to avoid disappointment or being swayed into a vehicle that stretches their budget too far.
How It Works?
Apply Online
Complete the online application form. We will send your application to the relevant lender(s) to ensure you get the best deal possible.
Get Your Budget
Once we have an acceptance in place we will let you know the criteria, including your budget.
Choose Your Vehicle
Now for the fun part! You can choose your car from any reputable dealer. Simply let us know the dealer and car details.
Collect Your Vehicle
Once the paperwork has been signed we will arrange payment to the dealer so all that is left to do is collect your new car.
Hybrid and Electric vehicles have become increasingly popular over the last few years with more manufactures bringing out hybrid and electric vehicles, as well as charging points becoming more readily available.
Check out some of the Hybrid and Electric cars currently available in the UK.
FAQs
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What is car finance, and how does it work?
Car finance allows you to purchase a vehicle by spreading the cost over monthly payments. You can choose from several options, including Hire Purchase (HP), Personal Contract Purchase (PCP), Lease Purchase (LP) or Personal Loan. Once your application is approved, you'll agree on repayment terms, which typically include interest and any deposit required.
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Can I get car finance with bad credit?
Yes, many lenders offer car finance options for individuals with bad credit. You may need to provide a larger deposit or agree to higher interest rates, but specialised lenders can help you find a deal that works for you.
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How much deposit is required for car finance?
The deposit for car finance is usually between 10% and 20% of the car's price. However, some lenders offer no-deposit car finance options, depending on your financial situation and credit history.
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Who is eligible for car finance?
You generally have to be over 18 to get vehicle finance and have an income, however, each lender has different criteria. As a finance broker at Motor Loans R Us, we work with a wide range of lenders. Here’s a general list of what our lenders accept.
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What documents do I need to apply for car finance?
You'll need to provide:
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Can I apply for car finance if I'm self-employed?
Yes, self-employed individuals can apply for car finance. You may need to provide additional documents, such as recent tax return or business bank statements, to prove affordability.
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Can I trade in my car before the finance term ends?
Yes, but you'll need to settle the remaining balance on your finance agreement. The trade-in value of your car can sometimes cover this amount.
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What happens if I miss a car finance payment?
Missing payments can result in:
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Can I improve my chances of getting approved for car finance?
To increase your approval chances:
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Can I pay off my car finance early?
Yes, most agreements allow for early repayment, but you may incur early settlement fees. Contact your lender to find out the terms.