21 August 2007
Barclays has announced details of a new personal loan designed specifically for people wanting to buy themselves a brand new set of wheels.
The loan, which comes with a rate of 7.4% APR, also gives drivers peace of mind on the roads with a range of added extras included as part of the deal.
Motorists opting for the loan will receive a 25% annual discount on any RAC breakdown package, with the opportunity to save up to £41.50 a year.
What is more, customers can also claim a free HPI vehicle check worth £39.95 to check their vehicle has not been stolen, does not have any previous accidental damage and has not got any outstanding finance against it.
Mark Till, Product Director for Loans from Barclays said: "Many motorists will find that this is a much better rate than they would get on a car finance deal plus they have the additional benefits of the RAC discount and the essential free HPI check.
"With the launch of the latest '57' number plates just around the corner it is a great time of year to be upgrade your vehicle and this loan package could really help."
According to recent research by uSwitch.com, UK motorists could save an average of £985 in interest payments by opting for a personal loan instead of signing up to expensive showroom finance deals.
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