23 March 2016

A video introduction to financing a car purchase

If you are thinking of purchasing a car, our video will help you understand the ways in which you can finance it, as well as giving information on Nationwide's current Personal Loan offer. If you would like more information or want to apply then visit our Personal Loan section.

Nationwide Personal Loans – Car purchase

Play video - Nationwide Personal Loans – Car purchasefamily in purple car

You may be dreaming about buying your first car...

…or maybe it’s time for something a little more ... practical.

But sometimes it can be difficult to know what your finance options are.

You might have seen ads for new cars...

...which are available through hire purchase agreements or a personal contract plan.

These may be arranged through a car dealership...

...or finance company.

Another way to fund your next car could be with a Nationwide unsecured personal loan.

You’ll make a fixed number of monthly payments...

...at an agreed rate of interest.

And as you are paid the money up-front, you could own your car from day one.

There may even be the option to make overpayments to reduce your interest at no additional fee.

And the good news is...

...if you’re an existing main current account customer with us you’ll pay at least 1% APR less for the same loan than our other customers. Just so long as you qualify, of course.

Before signing on the dotted line it’s also worth checking a quick representative example too...

Like this one.

Representative example

3.4% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.4% p.a. (fixed). Monthly repayment £181.24. Total amount payable £10,874.40.

On loans of £7,500 - £14,999 for 1-5 years for main current account customers.

And with our Loyalty Price Promise, we’ll also beat any like-for-like UK loan provider’s offer by 0.5% APR.

Loans from £1,000 - £25,000 for between 1-7 years for our Main Current Account customers. Available in branch or over the phone. Terms & Conditions apply.

So whether you’re borrowing £1,000 or £25,000

You won’t find a better loan rate anywhere else.

Find out how we can help fund your car purchase with a Nationwide Personal Loan.

All loans are subject to status and are available to UK residents aged 18 to 79. The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Nationwide subscribes to the Lending Code.

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