Car loan
A car loan is a loan that you can use to buy a new or used car. A car loan lets you borrow a set amount of money from a lender and repay it over a fixed term, usually between one and seven years, with interest and fees. The interest rate can be fixed or variable, depending on the loan type.
A car loan can be secured or unsecured. A secured car loan requires you to use your car as security for the loan. This can lower the rate and make it easier to get approved, but it also means that you risk losing your car if you miss the loan payments.
An unsecured car loan does not require you to use your car as security for the loan. This can give you more flexibility and peace of mind, but it also means that the rate may be higher, and the criteria may be stricter.
At Enlighten Finance, we offer both secured and unsecured car loans for various types of vehicles. We have access to over 30 lenders and hundreds of car loan products that match your needs and budget. We will compare and negotiate for you to find you the most competitive deal for your situation.
- We will help you with the application process, such as providing income and expense proof, getting pre-approval, signing the loan contract and receiving the funds.
- We will handle all the paperwork and communication with the lender for you, and keep you updated throughout the process. We will also provide ongoing support and advice for your loan.If you need a car loan for any reason, contact us today for a free consultation. We will help you find the best car loan for your situation.