Why would I consider a loan to buy a car?
When you take out a personal loan and use the money to buy a car or vehicle, the car loan is tied to you and not to the car. It's a flexible option that doesn't commit you to a particular dealer or manufacturer.
Benefits
It's a flexible option:
- You could combine a loan with cash etc to buy the car
- You own the car outright
The cost of the car will be spread evenly over a term you choose.
Things to consider
- You'll need to arrange the loan before buying the car
- Unless you are trading in a car or have a deposit, you'll need to borrow the full value of the car
Find out more about car loans(opens in a new window).
Talk to us
Royal Bank of Scotland Lending
03457 24 24 24
overseas: +44 131 549 8888
Relay UK: 18001 03457 24 24 24
Open Monday to Friday 8am - 8pm, Saturday 9am - 3pm (excluding public holidays)
Calls may be recorded.
