Barclays offers loan package for vehicle purchase
September 17, 2007
Last week Barclay’s Bank announced a new loan packaged geared towards consumers looking to purchase a new vehicle, which will offer competitive interest rates in addition to a number of other relevant benefits.
The bank states that the loan could help many consumers enjoy affordable vehicle purchasing, and that with the new number plates about to come out this could be the ideal time for those thinking about purchasing a new car to enjoy an affordable loan package to help them to buy their new vehicle.
There will be a number of benefits available with the new loan package for vehicle purchases from Barclays. The APR on the loan is 7.4%, and amongst the benefits offered are up to 10% discount on insurance for the vehicle, 25% off RAC breakdown cover each year, and a free HPI check, which could benefit those buying a used vehicle, and which usually costs nearly £40.00. Barclays states that collectively these benefits could enable borrowers to enjoy savings on the overall cost of purchasing and running the vehicle.
One official from Barclay’s Bank stated: “Many motorists will find that this is a much better rate than they would get on a car finance deal, plus they have the additional benefits of the RAC discount and the essential free HPI check. With the launch of the latest ‘57′ number plates just around the corner, it is a great time of year to be upgrade your vehicle and this loan package could really help.”
In order to qualify for the loan consumers will need to have a decent credit rating. Those that do qualify can select from a choice of repayment periods, and can borrow between £1000 and £25,000 based on their financial status.
Alan Wright
17th September 2007
Recent posts
- Dual fuel may be the more expensive option for many
- Flood victims will not receive compensation from Severn Trent
- Streamline your business finances with a credit card
- The end of this year could see debt levels rocket
- Is your home and contents insurance adequate?
Related Articles
- New personal loan package marketed by Barclays for vehicle purchase Barclay's, one of the UK's leading high street banks, has announced the launch of a new loan package geared specifically for those looking to purchase
- Holiday season leaves Brits with increased debts Recent reports have shown that many consumers in the UK get into debt every year for the sake of enjoying a week or two away
- Officials issue warnings over buy and rent companies Officials have issued consumers warnings urging struggling homeowners to think carefully before turning to buy and rent back companies. These companies specialise in purchasing properties
- Older generation enjoying online banking facilities A recent report has shown how the popularity of Internet banking has soared amongst those aged 55 and over in the UK. The popularity of Internet
- Making sure you don’t experience problems with your travel insurance Over the coming weeks many individuals, couples, groups, and families in the UK will be heading off on their holidays, and many will be sorting
Comments
Got something to say?