Advantages Online Loans very quick, easy and hassle free
Disadvantages Possibly too easy to get your hands on the cash
|Efficiency of service|
|Competitiveness of charges/rates|
|Staff courtesy||Not Applicable|
|Promptness of service||Excellent|
|Online - Content/organization of site||Good|
|Online - Reliability/speed of site||Good|
|Online - Ease of applying for products||Excellent|
1. I could steal one....(not really thought through).
2. Buy the car on finance direct form a dealer although i imagine that when you arrive at the showroom quoting the superfandango zero percent cash back free insurance deal offer it applied to the one car in said showroom that cost more than my house.
3. Get a personal loan.
Having realised the actual cost element was virtually identical i decided that my other requirement was the firms reputation and also the ease of actually using their website. Due to banking with Lloyds TSB i decided that they would be my first point of call to obtaining the car of my dreams that i would drive off into the sunset clutching a beautif......sorry, got carried away with my writing.The Application
As previously mentioned i bank with Lloyds so they already had my personal details and knew how i managed my account. This really sped up the application process. I didnt have to enter anything about my income or expenditure as this was obviously taken from the account itself. The only items i had to specify was the loan amount and the loan period. I found this part of the site very easy and helpful to use as it gave you the opportunity to experiement. Eg, you could see how much 3k would cost over 24 months and then see how much 3.5k would cost over 30 months. It then gave you the opportunity to revert any of your previous quotes with immeadiate effect.The next decision i had to make was how to confirm my application. I could request them to send details of application out in the post for me to sign which they estimated would take about 3-4 days which i thought was a reasonable turn around time. Another option was to 'Quicksign' the documents online which meant i had to enter my internet banking password and one other piece of security information and that would then complete the process. i decided that since i had thought over the loan for some time that i was definite in my decision to obtain a loan so went for the quicksign option.
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