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Life Moments

Car buying guide

Looking to buy a car?

Buying a car is exciting, however, there are many things to consider when choosing the right one for you. Making an informed decision could help you save on unnecessary expenses further down the line.

Buying a new car

  • Review different models and brands
  • Ask your friends and family for advice
  • Check online for reviews 
  • Do a price comparison with other dealers
  • Set a budget and stick to it
  • Prepare a list of questions for the dealer

Buying a used car

  • Do your research on the car market and prices
  • Inspect the car carefully and take a test drive 
  • Bring a friend who knows a bit about cars
  • Try and negotiate a good deal
  • Use a traceable method when paying for your car
  • Ensure the previous owner has all the required documents

Car financing options

There are many things to consider when buying a car, so it's important you choose the right option for you. Here are some finance options and what to consider when deciding how to pay for your new or used car.

Car financing options

Personal loan

What is a personal loan?

Personal loan is where you apply to borrow a set amount of money from your bank or building society

Hire purchase

What is hire purchase?

HP where you make monthly payments to a car finance provider

Personal contract purchase

What is personal contract purchase?

PCP is where you make monthly payments to a car finance provider

Cash or savings

Cash or savings

You can use cash or savings to buy a new or used car.

Is a personal car loan right for me?

Use our loan calculator

Estimate how much you could borrow, your representative interest rates and monthly payments, with no impact on your credit score.

Get a quick quote

Get a quick quote and see if you're likely to be accepted for a loan. You'll receive a personalised rate with no impact to your credit score.

Personal loans from NatWest

Need a little help to get you into the driving seat?

Apply online or via our app and get a decision in minutes, along with a personalised rate depending on your circumstances and how much you want to borrow.

You could borrow between £7,500 and £19,950 at our rate of Representative 3.9% APR.

Frequently asked questions

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