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Car loans

Are you on the lookout for a new car? Perhaps your old one is starting to show its age and it's time to trade it in for a younger model. Or maybe you're happy with the car you have, but you've just been hit with an unexpected and pricey repair bill. Whether you need help with financing a purchase or covering maintenance costs, our car loans could help you.

Dot Dot Loans can lend you between £200 and £4,000, with repayment terms over three to 48 months. Your repayment schedule will depend on the size of your loan, and we will explain all the details right here. Read on for more information on applying for a car loan and how Dot Dot Loans can help you.

What is a car loan?

A car loan involves borrowing money from a lender to help finance a new vehicle or to cover any repair bills that have cropped up. It works much the same as any other loan in that you'll borrow a certain amount before repaying over an agreed period with interest added.

We have both short-term and long-term loans available, so you have options when you come to decide which is most suitable for your needs.

Sometimes, it can be difficult to secure a loan via a conventional lender such as a high street bank. With Dot Dot Loans, the application process is simple. You can apply online in a matter of minutes and find out if you've been approved soon afterwards. It's as easy as that.

What can car loans be used for?

The amount you borrow is likely to vary depending on what you need the funds for. You may want to buy a new vehicle. Alternatively, you might need a car repair loan to cover any hefty maintenance bills. We have two types of car loans available and you may find that one suits your needs more than the other:

Short-term car loans

Our short-term car loans allow you to borrow £200 to £1,000 repayable over three, six or nine months. With the average cost of repairs rising, this form of funding can prove the perfect solution to that problem. If you've suddenly been hit by expensive maintenance fees, one of our short-term car repair loans can help you cover the costs and get you back on the road.

Long-term car loans

Our long-term car loans allow you to borrow £1,500 to £4,000. Your funds will be repayable over 18, 24, 36 or 48 months, depending on how much you borrow. Statistics show there were more than two million new cars registered in the UK in 2019, while the price of a new vehicle rose 38% between 2008 and 2018. If you're one of those people looking for a new car, you may need to put down a sizeable deposit. That's where a long-term car loan of up to £4,000 can help.

Why should I choose Dot Dot Loans for my car loan?

When you're seeking help with your finances, you need to make sure you choose the right lender. We aim to make car loans as easy as possible so that you can apply for funds in a stress-free fashion. Here are just some of the reasons to choose Dot Dot Loans:

  • Quick: You can apply for a car loan in just a few minutes. If you're approved, you could receive the money that same day
  • Flexible: Your repayment terms will span three to 48 months, depending on the amount you borrow
  • Honest: The cost of your car loan will be agreed upfront with no nasty surprises
  • Trusted: We're fully authorised and regulated by the Financial Conduct Authority (FCA), under reference number 713984
  • Responsible: Our credit and affordability checks mean all our lending is sensible. We're also a member of the Consumer Finance Association
  • Recommended: We're proud to boast a rating of 'excellent' from hundreds of customer reviews on Trustpilot

We're owned by Morses Club PLC, who have more than 130 years' experience as one of the UK's leading finance companies. We're a direct provider of car loans, so you don't have to worry about dealing with any third parties.

How do car loans work with Dot Dot?

Our loans are easy to sort out. They're an unsecured type of funding, so you won't have to offer your property or other assets as security. You can work out the cost of your payments by using our short-term loan calculator or long-term loan calculator.

Short-term car loans

  • You can borrow between £200 and £1,000
  • Your repayment term will be three, six or nine months, depending on how much you borrow

Long-term car loans

  • You can borrow between £1,500 and £4,000
  • Your repayment terms will be 18, 24, 36 or 48 months, depending on how much you borrow.

How do I apply for a car loan?

Our calculator will tell you the total cost of your loan. If you want to proceed, we'll carry out credit and affordability checks. These will assess your salary and credit history. Don't worry if your credit score is less than perfect - bad credit car loans are an option with Dot Dot Loans.

If you are approved, the cost of your loan will be agreed upfront. We'll start to take repayments automatically and you can keep track through the customer portal.

If you have any questions about applying for car loans or car repair loans, don't worry. Please feel free to contact us or visit our FAQ section. We'll be happy to help.

Is a car loan right for me?

Statistics from the FCA tell us that lending volumes have risen since 2016. However, borrowing money may not be the answer for everyone. Before you apply for a car loan, you might want to ask yourself these questions:

  • Are you borrowing for the right reasons?
  • How much do you need?
  • Can you afford the repayments?
  • Do you understand the interest rates and the terms and conditions?

If you would like some free, impartial advice before you consider applying for a car loan, here are a few places you can go to:

Am I eligible for a car loan?

The latest survey by the FCA revealed that 4.5 million UK adults had been turned down for a loan over a two-year period. We want our loans to be accessible to as many people as possible. You can apply if:

  • You're over 18 for a short-term loan. For a long-term loan, you need to be over the age of 21
  • You live in the UK and can provide an address
  • You have a job
  • You can give us a phone number and email address
  • You can give us your bank and debit card details

We carefully assess every application and we only lend responsibly. Your salary and credit history will both be taken into account before a decision is made.

What about bad credit car loans?

We appreciate that not everyone's credit score is as good as they'd like it to be. But if your score is less than ideal, there's no need to worry - we want to help as many people as possible. As part of our promise to only lend responsibly, we'll assess your credit score and even if it's not perfect, you could still be eligible for a bad credit car loan.

How much can I borrow?

That depends on whether you're applying for one of our short-term or long-term car loans:

  • Short-term car loans: £200 to £1,000 repayable over three, six or nine months
  • Long-term car loans: £1,500 to £4,000 repayable over 18, 24, 36 or 48 months

How do the repayments work?

The size of your car loan will determine your repayment schedule. A short-term car repair loan of £200 will be paid back over three months. However, a long-term car loan of £4,000 will be repaid over 48 months.

We'll collect the repayments automatically. These will be taken on a pre-agreed date via Direct Debit. This way, there won't be any delayed or missed instalments.

There are no charges for delayed or missed payments on our car loans and car repair loans. However, if you think you might struggle to make an instalment then please contact us to let us know. We'll try and figure it out together.

Are there any fees I should be aware of?

All our car loans come with no hidden or extra fees attached. We like to make everything clear from the very beginning.

What's the interest rate?

The interest will vary depending on how much you borrow. You can use the calculator to work out exactly what your repayments will be, including interest. That way, there are no nasty surprises.

Some lenders do offer variable interest rates. This means your repayments can change from one month to the next. If your interest rate went up, you could find it difficult to afford the instalment that month. Our car loans have fixed interest rates, so you'll always know how much you're repaying.

Car loans with Dot Dot

Are you in need of a car repair loan to cover some unexpected maintenance costs? Perhaps you're looking to buy a new set of wheels and you need a car loan to help fund the deposit? Whatever your situation, Dot Dot Loans are here for you.

Our short-term and long-term calculators are simple to use. Just select the amount you wish to borrow, and they'll tell you how much you'll be repaying and over how long.

If you're happy to continue, hit 'Apply now' and you can fill out your application in just a few minutes. If we approve you, your money could be with you the same day. That's the beauty of car loans with Dot Dot Loans.

Of course, if you have any questions then you can always check out our FAQ section. Or just contact us. We're here to help you find the car loan that's right for you.

Short term loan

Representative Example

Borrow £300 over 6 months with monthly repayment of £92.97. Total amount payable £557.82. Interest rate 237% p.a. (fixed). 757.7% APR Representative.

Long term loan

Representative Example

Borrow £2500 over 24 months with monthly repayment of £198.68. Total amount payable £4768.25. Interest rate 71.1% p.a. (fixed). 99.9% APR Representative.

Loans from £200 to £1000

Apply now

Representative 757.7% APR

Loans from £1500 to £4000

Apply now

Representative 99.9% APR

Short-term loans: 757.7% APR Representative Long-term loans: 99.9% APR Representative