Deferred car loans can fulfil your dream of owning your vehicle. Even if you sign and return the loan application form, then change your mind there is no obligation for you to go ahead. The signed application form will enable your loan provider to give an accurate quotation in writing; then you can decide for yourself the best option for you.
You might also want to know as what happens if I am made redundant, taken ill, or have difficulty in making repayments. A comprehensive life, sickness, accident and redundancy cover is available to cover you against that eventuality. You are advised to take advantage of this service.
Loans are usually repaid by direct debit through the bank/building society; a payment book may be available under certain circumstances. If you want to pay your loan early, a settlement figure will be calculated and the interest will be discounted to allow for the number of years that the loan is not being used.
Dependant upon your ability to meet the monthly repayments and the level of security you can offer, you can borrow any amount from £3,000 to £100,000. Deferred car loans are from 3 years to 25 years with a repayment amount to suit your budget.
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