Searching for ‘best car loans‘ can only mean one thing – new car day could be just around the corner!
Before you release the financial handbrake on one of life’s more expensive purchases, it’s vital you put in some miles on the research front.
And we don’t just mean around what type of wheels you’ll possibly soon be showing off.
From interest rates to loan terms, and potential hidden fees, it’s essential to compare different lenders before signing on the dotted line.
With dealerships offering a one-stop car finance shop, the temptation to have all details handled on site, while your new car sits there winking at you, can be hard to resist.
The problem is that convenience can often come at a cost – sometimes in the form of higher interest rates or less favourable loan terms.
Well, buckle up, because over the next few minutes, Northern Community Bank is going to take you on a ‘best car loans‘ journey that will leave you cruising to a new car deal.
5 reasons why Northern Community Bank is the number one destination for best car loans
- Raft of options. Northern Community Bank offers car loans of up to £15,000 meaning you can look at buying your new or used car outright.
- Lower interest rates. Community Banks are not-for-profit organisations meaning, typically, we’re able to offer competitive interest rates against traditional lenders or car dealerships. Our primary goal is to serve our account holders, not maximise profits for shareholders.
- Speedy decisions. While car finance convenience can be appealing, Northern Community Bank also offers a fast and efficient application process. Decisions are usually made within 48 working hours as long as we have all the necessary information. And there are no set-up or early settlement fees to worry about either.
- Tailored repayments. While we do keep the application process as short and smooth as possible, we do take the time to ensure loan repayments are fair, tailored to your circumstances, and won’t put borrowers in financial trouble. Car finance, on the other hand, is often a set monthly price based on the value of the car.
- No hidden fees. Car dealerships also often include a range of fees, not advertised, that can inflate the cost of your loan. These could be balloon payments, over-mileage charges, damage charges, or sneaky admin fees. With Northern Community Bank, what you see is what you get. The entire Community Bank model is based around transparency and putting the needs of our account holders first.
Still need some direction?
If you’re still feeling a little confused or would like some more information on best car loans, don’t hesitate to get in touch. Navigating the world of car loans and finance options can be overwhelming, but we’re here to make the road as smooth and obstacle-free as possible.
Ring 01282 691333 or talk to us via the messaging option on the Northern Community Bank app. Don’t worry, we’ll have you on the road in no time at all.
