Car Finance, Car Loan or Auto Loan is a great way for anyone who is looking for a car to buy and pay installmentally in months.
What Is Car Finance ?
Car finance is a credit agreement made between you and the lender which allows you to buy a car. When you buy a new or used car on finance, you borrow the money against the car.
Car Finance LoanUnlike a personal loan, the car financing company pays the dealer directly once you have agreed all the details.
Then you repay at a fixed amount each month until the end of the plan.
Car Finance is also said to be a great deal for car lover’s who wants to own any car of their choice and we have with us Top list of Car Finance Companies that makes it easier for you to buy any car of your choice.
These Auto finance companies is always ready and available at your own time which makes them the best in terms of Bad Credit Car Finance and Car Finance 247.
15+ Car Finance Companies
This car financing platforms are here to help you buy car, pay later and get your car loan approved under 72hours and repay with a good Finance car rate.
• Autochek Car Finance
Autochek has been available for year’s giving out the best car Finance Loan in Nigeria, Kenya and Ghana without any hassle.
Financing with Autochek makes it easier for you to get a car loan and buy the dream car of your choice.
By pre-qualifying for Autochek finance, you can browse personalised inventory especially curated for you through their website.
How Autochek Car Finance Work’s?
Before getting your car loan approved, there has to be a process it must undergo:
• Complete a short car finance form and get personalised cars to choose from,
• Select a car and review the terms of finance
• Apply for Autochek Car loan and receive personalized offers
• Accept a loan offer and drive home your dream car in 5 – 7 days.
At Autochek, you can make an expansive selection of car available for finance.
Some of the makes available are – Toyota, Mercedes, Lexus, Hyundai, Kia, Nissan, Volkswagen.
If you don’t find the car of your choice on Autochek, please conact them and they will source one meeting your needs.
What Makes Autochek Car Finance Better?
They do not require any collateral for autochek financing and Yes, you can apply for multiple car loans provided your income can support finance repayments.
• Betacar Finance
Are you searching for where to buy car and pay installmentally in Nigeria ? Betacar offers you the best Car financing in Nigeria platform to buy a car.
Betacar Financing gives salary earners and structured business owners in Nigeria the opportunity to buy quality certified Tokunbo cars and pay over a period of 12-24 months.
Still searching for qualify and affordable used cars for sale in Nigeria then Betacar can be a sure plug for you.
How Betacar Finance Works?
• Search for available cars to select your preferred car.
• Use the simple car loan calculator or car Finance calculator on your selected car to check the upfront deposit required, the monthly repayment, and the period of payment.
• Click on “Apply for car Loan” button and fill the pre-approval assessment form.
• You will get an approval or rejection email within 10 minutes.
• If your car loan is approved, you will get an email listing the documents needed, so start preparing all your documents required.
• Visit Betacar HQ office for inspection and test drive.
• Scan all required documents and submit as a reply to the email address (betacarfinancing@betacar.ng).
• Their team will review and let you know once your application package is completed … And you are all set.
Why Betacar Finance?
The best part of Betacar Finance is your car should be ready for pick up within ONE Week after submission of complete package.
• Fcmb Auto Loan
This is a consumer credit scheme which allows qualified individuals to part-finance acquisition of cars for personal use.
Customers can own a car and pay over a period of time through Fcmb Auto loan alliance and standard auto loan.
Because is a car loan from Fcmb, it amounts you to get up to N30 million naira with an interest rate as low as 20% per annum and loan repayment is 36 months.
Why Fcmb Car Finance Loan?
• You can easily find your dream car brands through Fcmb Auto loan
• View car images from different angles
Compare prices, mileage, and features
• Estimate repayments using their online car finance calculator
• Thorough vehicle inspection to ascertain condition.
To become eligible you need to be an Individual in structured employment or self employed individual with regular income.
• Car45 Finance
Car financing has been much easier with Car45 which gives you the access to buy car now and pay later. Their quick easy loan approval under 72 hours has make them stand out as a top car Finance company in Africa and other countries.
Car45 Loan is strictly for salary earners and self business owner’s who are eligible to apply.
How Car45 Loan Work’s?
- Visit buy.cars45.com or any of their retail locations to begin your application
- Select a car available for financing (Grade A, B or C car with a maximum value of N3,000,000)
- Fill in your details in the “Get Car Loan” section, and click “Get Prequalified”
- Follow the prompt and answer all the questions presented
Click on “Submit” and a Cars45 rep will reach out to you within 24 hours.
Their loan application is easy, quick and hassle free which requires employment salary letter or CAC for business owner’s, six months statement of bank account, with a valid ID card.
Anyone who can show that he/she earns a steady income (e.g. private employees, public servants, SMEs etc.) is eligible for car financing through Cars45.
• Uba Car Loan
Whether it’s your first car or you want to upgrade to a higher model level, the Uba Auto Loan products enables you to drive your dream car while you repay conveniently.
Available approved car brands are: Toyota, Honda, Mitsubishi, Hyundai, Nissan, Ford, Suzuki, Kia and Volkswagen.
Uba Car Loan Product Features And Benefits:
√ Access to reputable loan dealer’s and retailer’s
√ Convenient repayment upto 48 months
√ Competitive interest rates
√ Maximum loan amount of upto N15 million naira
√ Minimum equity contribution of 30%
√ Mandatory comprehensive insurance and vehicle tracking
How To Apply For Uba Car Finance Loan?
Step 1: Visit any of the approved auto vendor stores to obtain pro-forma invoice (PFI) for preferred items.
2. Visit a UBA branch to complete a loan application form.
3. Execute an offer letter detailing the loan terms and requirements, following approval of the loan.
4. Pick up your preferred automobile from the auto vendor.
• GTB Car Loan
Vehicle Insurance Premium Financing is a time loan that enables corporate organizations and salary earners whose accounts are domiciled with the bank pay for their motor insurance premium upfront and spread the repayment over a 12 months period.
Benefits And Features Of GTBank Vehicle Insurance
√ Loan amount to individual is from N200,000 – N1,000,000 and corporate N20,000 – N5,000,000
√ Tenor maximum of 1 year
√ Interest rate is 1.67% per month
√ Equal monthly repayment comprising Principal and interest
√ Fees is 1% one off flat fee
√ Instant availability of funds to pay for your insurance premium
√ Insurance cover without physically visiting insurance office
Who Can Apply:
√ Individual customers whose salary account are domiciled with the bank
√ All SMES and corporate with account domiciled with the bank and with access to GAPs
How To Apply:
1. Through Internet Banking
Sign on, go-to menu, insurance loan and then click on insurance loan.
• Fidelity Auto Loan
With an auto loan from Fidelity Bank, you can buy or refinance a new or used car, truck or recreational vehicle, which serves as collateral for your loan. Visit any Fidelity bank to contact a lending officer for Fidelity auto loan rates and terms.
• Access Bank Car Loan
This helps new customers to acquire new vehicle in a financial convenient manner.
Requirements Needed:
• Completed vehicle lease application
• Pro forma invoice from any of the bank approved vendor
• Credit check
• Bank transfer of ownership form.
• Letter of introduction
• Recent 6 months payment slip or bank statement of your account.
• Cazoo Car Finance
Cazoo Finance is a car Finance UK based company that let’s you find your perfect Cazoo car, apply for finance and sign your agreement all online.
You can Pay your deposit, then have your car delivered to your door or collect it from one of their Customer Centres.
How Cazoo Loan Works?
1. Browse through their wide range of high-quality used Cazoo cars that are available to buy or finance.
2. Apply for Cazoo Car finance online. You can also part exchange your old car and lower your finance costs.
3. Pay a deposit and sign all documents online. Then choose to collect your car or have it delivered.
Why Cazoo Finance Loan?
Once you’ve found your perfect car, you can use their car finance calculator to get an instant estimate of your monthly costs for a PCP or an HP agreement, based on their representative example APR of 8.9%.
• AA Car Finance
AA Car Finance covers the majority of UK dealers and offers market-leading APRs, thanks to a large panel of lenders. What’s more, you can pre-qualify for car finance before formally applying – with no impact on your credit file until you accept the loan.
Get started right away by using their car finance eligibility checker now.
AA Car Finance is there to simplify your next car purchase by allowing you to choose your car and finance it all in one place.
When you buy a new or used car on finance, you borrow the money against the car – which means you can get a great rate. Their rates range from 7.9% to 29.9% APR to suit most needs.
AA Car Finance cover the majority of UK dealers and can arrange funding on most cars.
To apply for car finance with AA Car Finance, you will need to enter some of your personal details alongside your budget and/or what car you want.
This takes less than three minutes, which will enable their lenders to perform a soft credit search for hire purchase loans.
Once they have the right details, they will be able to give you an instant decision with the amount you will pay each month, the exact APR, and how much the total cost of the loan will be.
If they need more information from you to place you with a lender, they will give you a call to discuss.
The quote will be valid for 30 days, so it gives you time to look for your dream car if you haven’t already found it.
Once you have decided, you’ll need to provide the details of the car and of your approved dealer.
The money will be transferred to the dealer and you’ll receive the deeds to the car when you collect it.
• WellsFargo Auto Loan
Do you want to buy a new car, finance your used car / vehicle ? With Wellsfargo auto loan you can car finance your new and used car through their Finance dealer.
Wells Fargo is a leading auto lender with more than 12,000 dealer relationships nationwide. Ask if Wells Fargo financing is an option when purchasing for your next vehicle.
You can access your wellsfargo auto loan anytime from anywhere with Wells Fargo Online.
Why Wellsfargo Auto Loan?
• Make a payment on your loan online
• Enroll in automatic loan payments
• View your payment and transaction history
• Sign up for online statements etc.
• Blackhorse Finance
Select from black horse car finance product (Hire Purchase) HP to Finance your next car by spreading the cost with fixed regular monthly repayments, after which you own the car outright.
You can also make use of their (Personal Contract Purchase) PCP to Keep your monthly repayments lower by deferring a large proportion of credit into an optional final repayment.
HSBC Car Finance
Whether you are buying a new or used vehicle, their car loan could get you on the road to owning it outright, with monthly repayments at a highly competitive rate.
Step 1: Use the car loan calculator to work out how much it could cost you.
Step 2: If you decide to apply, follow the instructions below and you could get an instant decision if you are already an existing HSBC customer.
Zopa Car Finance
Zopa car finance takes the guesswork out of buying a car. By financing your car directly with Zopa, you will get a fair deal and a competitive rate, with no hidden costs.
Their application process takes the hassle away. Even better, Zopa can approve you, so you can go into the showroom knowing how much you can afford.
Choose your dream car at the dealership you prefer, and they will background check both, so you can buy with confidence. Zopa will even pay the dealer themselves, leaving you to skip to the best bit – taking your new car out for a spin.
