Car Loans
up to £50,000

Buy your dream car with the help of a car loan and borrow up to £50,000. Get a free quote when you apply with Forces Compare.

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Why Compare Car Loans With Forces Compare?

Our loan comparison accommodates for a range of unique circumstances. We have access to over 50 car loan providers, helping you get the best rates and terms for your new car and save around £1,000 compared to going directly with a car dealership.

The average car dealership is very expensive and will usually upsell finance on your new motor because they have you warm and cosy in the seat and ready to go.

However, if you need to borrow money to buy a car, you can apply for a personal loan with Forces Compare and once accepted and funded, you can simply transfer the money to the dealer. Simple.

Key Features

  • Borrow £2,500 – £50,000.
  • Borrow over 1 to 7 years.
  • Flexible terms.
  • You will own the car as soon as you transfer money to the dealership.
  • As a cash buyer, you can negotiate better.
  • Personal loans are cheaper than dealerships.
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Can I Apply for Car Loans With No Deposit?

Yes, it is possible to get a car loan without a deposit and this includes:

  • Using a personal loan – you are simply moving one loan to another loan and just have to keep making the monthly payments.
  • Using your old car – you can often trade in your old car with the dealership and this could cover the deposit of a new one. Make sure you get this valued by another party, since the dealer may undervalue the vehicle because you are not going elsewhere.

Note that getting a car loan with no deposit could result in paying higher monthly rates.

What Information Do I Require for a Car Loan?

Our online application requires just a few simple bits of information including your name, address, income and monthly expenses. Your eligibility is based on your income, affordability and credit status.

When applying with a dealership, you will be required to give a copy of your driver’s license and proof of address.

Types of Car Loans

There are different options available when it comes to car loans. We are talking about using a personal loan, getting the money into your account and then buying a car, since this can be the most cost effective way.

Once you have your money and are ready to buy your dream car, you have your choice of two options:

Personal Contract Hire

– Also known as PCP.

– Pay an initial deposit.

– Make monthly payments for 3-5 years.

– The higher your deposit, the lower your monthly payments.


At the end of the loan term, you can decide whether you would like to make a ‘balloon payment’ which covers the cost of the vehicle and transfers the ownership from the dealership to you.

If you do not wish to make the balloon payment, you can give back the car and start again with a new vehicle and plan.

Hire Purchase

– Also known as HP.

– You pay a monthly fee over 1-7 years.

– 10% minimum deposit required.

– The higher your deposit, the lower your monthly payments.


With hire purchase, you are essentially renting the car each month until you have fully paid for it and own it outright.

The higher the deposit you make, the lower your monthly repayments will be. For more details on the types of loans we compare, visit our compare loans UK page.

How to Apply for a Car Loan?

Check your eligibility today with Forces Compare using our online loan application and get a quote in less than 5 minutes.

We run a soft credit search so there are no fees for applying and it will not impact your credit rating in any way.

We offer a provisional quote with no obligation and you can proceed at your own pace. If successful, funds are usually transferred on the same day.

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