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Alliance and Leicester Car Loans
A deferred payment loan for car purchase through Alliance and Leicester is ideal for purchasing a car, bike, boat, or caravan, available at their rate of 7.4% for online applications.
The car purchase plan allows you to defer up to 60% of your loan value, and doesn't tie you to a particular dealer or vehicle make, the loan is unsecured, and you can borrow up to £20,000 for up to 4 years.
At the end of your loan term you have three choices with regards to the deferred portion of your loan:- You can choose to sell the vehicle and use the sum raised to pay off the deferred amount.
- You may change it for another new or used vehicle, using the trade-in value to clear the deferred amount, taking out a new car purchase plan to buy your next vehicle.
- You can keep the vehicle and continue to make your fixed monthly loan payments until the entire loan is repaid.
Alliance and Leicester Car Loans
Alliance and Leicester offer a range of financial products: |
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