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Guaranteed Car Loans

Why a fixed rate car loans is your friend

Guaranteed car loans fix the interest rate at the very beginning of the loan period, so you can be confident that if interest rates rise, your payments won't. It also means that your payments will be predictable for the life of your loan, which helps you avoid financial uncertainty.

Most car loans are guaranteed car loans, which means the interest rate is fixed at the very beginning of the loan period and won't change during the life of the loan. That's good news for three reasons: it means that your payments will always be predictable; you can be sure that changes in the interest rates won't make your loan more expensive; and because interest rates are currently at an all-time low, your car loan will be cheaper than ever.
Like all loans, when you're looking for guaranteed car loans it pays to shop around. The RAC offers a typical APR of 7.4% but the AA quotes 6.5%; the Alliance & Leicester has a car purchase plan that attracts a typical APR of 6.9%, but which only asks you to repay a proportion of the car's cost. At the end of the loan period you can choose to keep paying until the car is completely yours, pay the remaining value as a lump sum, or sell the car to pay off the outstanding amount. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

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