Car Loans- Bad Credit Auto Loans

There are many ways you can finance a car. The term Car Loan is commonly used to describe a loan with you take out with a view to using it to buy a car.

There are therfore different types of loans which can be called car loans.

• Secured Loans
• Unsecured Loans
• Car Loan company Loans

If you are a home owner you are probably in a better position to get a better deal and will be eligible to apply for a Secured Loan if you have equity in your property.

If you do not want to secure a loan on your home to buy a car, or your loan will be very small, or you simply don't own your own property then you can consider an Unsecured loan, as the name suggests this loan does not require security but lenders normally offer a higher interest rate.

Car Loan company Loans

A Loan from a Car Loan company is normally tied to a car. These companies normally have a vast range of cars to choose from and offer tailored finance for you. Approved Car Finance is one of these companies.