Car Finance

Do you dream of a car that is faster? more efficient? more suitable for a new family member?

You may find that shopping around for the best car finance rate can be a hassle.
Advantage Loans know you'll want the lowest repayments possible with a finance company you can trust, and if you've already read the About Us page you'll know that Advantage Loans can find just that.

There’s quite a variety of options available to everyone for getting car finance these days which can get confusing at times. With Advantage Loans we’ll make sure you're offered an affordable car loan even if you have a poor credit record. If you are looking to get a loan for either a new or used car, Advantage Loans is the place to start.

Budgeting: overall price, or monthly payment?
There are two basic approaches to deciding your spending limit. The most obvious one is to have a maximum car price in mind; for example £12,000. If you’re paying cash, this is pretty easy, because you know how much money you have.

Calculating your monthly limit
Most people do plan to borrow some money to help finance their car. In that case, the more meaningful measure is the monthly payment.
To figure out how much you can afford to part with each month, do a quick calculation. List down your mortgage or rent payment, the amount you spend on groceries, utilities, insurance, council tax, other loans, pensions or savings and any other regular payments. Total up these and take the total away from your net monthly income. Then, take away your proposed monthly car payment. What’s left is your spending money: for clothes, emergencies, eating out, holidays, and so on: make sure there’s enough to cover these expenses.