New DVLA September car registration plates means there are bargains to be had
The new DVLA number plates arrived at the weekend and for many people that signals the start of car hunting season. Of course this happens twice a year, in both March and September we see an increase in car loans at PCCU and it’s always great to hear from account holders about the deals they’ve struck.
Naturally not everyone wants or needs a brand new car, but the benefit of car shopping when the new registration plates arrive is the knock on effect of all ‘nearly new’ and ‘second hand’ car price tags decreasing.
Of course, dealers will often offer finance deals on their vehicles and while we can’t guarantee that our terms will be better 100% of the time, what we can say is that it’s worth taking the time to find out. That’s the challenge we throw down; if you want to spend more than £3000 on a car, compare the terms offered elsewhere to the terms on a PCCU car loan, and we’re pretty confident that what we provide will prove highly competitive.
Many garages and dealers, for example, offer finance which starts at 12.9% Representative APR, which is more than we’ll charge for a loan of over £3000. The word ‘representative’, what’s more, means that the rate in question only has to be offered to 51% of applicants. With us, on the other hand, the rate we quote is the rate you pay, every time.
We like to think that our account holders get the kind of deal they simply won’t find anywhere else. To begin with, we run on a not for profit basis, so the interest you pay isn’t going to fund external shareholders dividends or executive bonuses. That’s why we keep our rates so low when compared to other providers
Other benefits of taking your car loan out with PCCU include the fact that you’ll be saving as you make your repayments, that the interest rate will decrease as the balance does and that there is no penalty for early payments. Above all, we keep things simple; when you take out a car loan with us, you pay for the car and you own it outright from day one.
So if you want to take advantage of the car dealers making space in their show-room or forecourts, then contact PCCU today about an affordable car loan which will enable you to upgrade your vehicle and the spread the repayments over a manageable period.
If you do apply for a loan we’ll turn the application round as quickly as we can. That means a maximum wait of just two days, although we try to reach a decision in just 1 day, providing all the information we need has been provided. If your application is successful, we can make a same day BACS payment directly to the lender, or to the person or business selling the car.
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