Car loans

Before you apply for your car loan

Before you apply for a car loan, have a think about whether a new car or a used car is best for you. New cars often come with a warranty, free servicing and other extras. You may be able to trade in your old car for a discount on the price. Used cars tend to be cheaper but you’ll need to check their history carefully. Ask the owner for the car’s service history and get an independent HPI check to make sure there’s no unpaid finance on the car. It’s also a good idea to do a valuation check so you know how much you need to borrow with your car loan.

How much could I borrow?

You could borrow from £2,000 to £15,000. With a car loan from Bamboo, you could drive away in your new car within days.

Keeping car costs down

Here are some tips on keeping the costs down of owning and maintaining a car.

Before you apply for a car loan, see how much your car insurance would be for the car you’ve got in mind. If you can, try to pay for your annual car insurance in one lump sum as this is usually cheaper. You can make savings on car maintenance by giving your car a regular service and sorting out any niggles before they become serious.

Fuel is generally a fixed cost although many supermarkets offer discounts. If you can lift share, that’s a great way to save on fuel costs too.