If trying to find the best car loan rates is driving you up the wall, you’ve arrived at the perfect destination. Having a car is one of life’s great luxuries. Finding a new (or used) one, unfortunately, can be one of life’s great stresses. There are numerous signs that your vehicle may be reaching the end of the road. Has it started breaking down all the time? Does it no longer meet emission standards? Are you now dreading every journey?

It may be that your current chariot is just no longer suitable for you and your family’s needs. Or maybe you’re expecting the worst at an upcoming MOT, and you want to see what else is out there. Whatever your reason for wanting to take a trip to the motor market, one of the biggest speed bumps you’re likely to encounter is car loan rates.

Don’t get lost looking for the best car loan rates

When on the hunt for a new car, it’s highly probable the first stop on your journey will be a dealership. Car finance through a dealer typically starts at 12.9% Representative APR, which is more than we would charge for a loan in excess of £3,000.

The word ‘representative’ means that the rate in question only has to be offered to 51% of applicants. With PCCU, the rate we quote you is the rate you pay, every time. Also, what you see is what you get with PCCU, meaning no hidden set-up fees, or early settlement penalties. There’s no looming balloon settlement hanging over your finance agreement, either just straightforward payments tailored to suit your financial circumstances.

On top of all this, PCCU interest is calculated on a decreasing balance. The more you pay off, and the quicker you pay it off, the less interest you will pay.

Ride off into the sunset with PCCU

When it comes to car loan rates, PCCU is the perfect passenger. We’re happy to let you take the wheel of your finance journey, but we’re right by your side if you need any help or guidance. By all means, shop around, speak to car dealerships, or other lenders – but before you press down on the decision accelerator, come and speak to us.

At PCCU, we offer car loans up to £15,000, so you can look at buying your new or used car outright. Our loan decisions are made quickly, usually within 48 hours. Our decisions are made by real people too, not computers. This means we are able to carefully assess each applicant’s situation, and focus on affordability.

As a not-for-profit financial cooperative, we’re not driven by sales or commission. Instead, it’s our account holders who are the driving force behind everything we do.

Speak to one of our staff today – 01282 691333 – and we’ll have you gearing up for a new car in no time at all