High street lender The Co-operative Bank has signed a five-year deal with RAC to provide and service car loans.
As well as receiving a competitive rate, RAC car loan customers will also get a free vehicle examination (worth up to £156) to help them choose their new car wisely. Existing RAC customers who take out a car loan will also get a free RAC Vehicle Status Check on their potential new set of wheels.
Other benefits of the RAC car loan* include:
* 6.9% APR typical on loan amounts between £7,000 and £25,000
* Loan terms from one year to seven years
* Option of having the loan agreement delivered the following day
* Free next day transfer of loan to the customer’s bank account (working days only and when the customer opts for courier service).
Frank Wilson, director of RAC individual sales, said: “This is a very exciting deal which will enable both businesses to combine their expertise in providing great value propositions for customers.
“By signing up with The Co-operative Bank, RAC is using its expertise and motoring heritage to offer a car loan with a great rate and benefits that could provide peace of mind for car buyers.”
And John Hughes, director of retail banking at The Co-operative Bank, said: “We are delighted to be joining forces with RAC. This deal will provide customers with the opportunity to obtain loans at a very competitive rate with the knowledge that they are receiving a financial package backed by our ethical approach to banking.”
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- This entry was posted on Tuesday, February 20th, 2007 at 12:38 pm.
