A variable interest rate is an interest rate that changes over time according to the wider market conditions. In car finance, a variable interest rate is calculated on the strength of your credit score and history as well as the base interest rate set by the Bank of England.
Variable-rate interest is the opposite of fixed-rate interest which remains the same for the entirety of the loan.
Whether you are in the market for a petrol, diesel or electric car we have you covered.
At MOTORS, you’ll find thousands of used vehicles from reputable dealers across the UK. They will be able to assist you with helping you find the perfect match for your lifestyle.
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