AA Car Finance

Car finance has become more popular than ever before, and it has changed the way that many motorists buy cars. AA says that a Populus survey shows more than half of new cars bought today are purchased via finance plans like Personal Contract Purchase (PCP) or Hire Purchase (HP). It has also enabled more people to upgrade their vehicles as they near the end of their lease, compared to just three years ago when people would hang on to their old vehicle and try to wring as much value from it as possible.

AA offers a personal loan to cover the cost of a new car. This is an unsecured loan and doesn’t require you to register any physical asset as security, which can make it a good choice for those with bad credit.

It is a direct lender and can offer a fast decision, with funds usually available within two business days. Its loans are offered on a fixed rate and term, which can help you budget for your monthly repayments. AA also allows customers to make overpayments without paying a fee. This can allow you to pay off your loan faster and reduce the total amount of interest paid.

You can apply online with AA and receive an instant decision. You will need to pass affordability and credit checks to be approved. You can also check if you are eligible to borrow with AA before you apply by checking your credit score with Experian or Equifax for free. AA car finance