Clydesdale Bank Car Finance

Good:
You can defer paying back up to 40% of your loan (depending on the type and age of the car) - interest still applies

Bad:
You must be buying your car from a recognised, reputable dealer

Verdict:
Only apply if you know you have good credit and have a 10% deposit for the car you want to buy - you can only buy from a recognised dealership

Clydesdale Bank Car Finance offer between £1000 to £25,000 for you to spend on a new or used vehicle up to 5 years old. Early repayment options are available at no extra cost which can make this an affordable option. Clydesdale have a wide selection of designated car dealers across the UK which you choose your vehicle from.

You can apply over the phone for Clydesdale Bank Car Finance. Firstly, you must choose a car to suit you from a recognised dealer so they can organise a payment plan for you, according to that car. Once you have applied and if you are accepted, a letter and a loan agreement will be sent to you. When you have read over and signed it, you need to send it back to them so they can review the agreement. If they request for you to send any other documents, make sure to include these. They will review your complete application and make a final decision. If accepted, Clydesdale will then transfers the money directly to the dealer when you need them to.

Clydesdale offer payment holidays at the start of the loan, if you have chosen to pay your loan back weekly then you can defer your first payment by 14 days. If you are paying monthly you can hold the first payment off until the 56th day of the loan, this gives more freedom with regard to payments. However, many customers don't like the fact that there aren't many branches about, this means most problems have to be dealt with over the phone. The APR can also be quite high. They only accept people with good credit history so if you have made late payments, had CCJs or defaults, then this is not your best option.