Stinger car loans are for people who are looking for an affordable, new car.
The Stinger vehicle loan can help you buy a car of your own and is available from lenders in the UK, Germany, Spain, Portugal and the US.
It’s not a traditional car loan and is more of a credit card, but it’s a way for you to save up for a new vehicle.
How to applyThe application process can take anywhere from three to eight working days.
You must pay the £100 application fee, which you will get from the finance company.
Once you’ve paid your fee, you will be contacted by a representative.
If you are unsure if you qualify for a loan, ask to speak to one of the Stinger representatives to check your credit score and financial situation.
The Stiger car loan will let you borrow up to £150,000.
You will be issued a Stinger Card, which can be used at the Stiger finance company, with a fixed annual interest rate of 3%.
You will also be given a Stiger Credit Card which is good for the first three years, but not for the next two.
There are no annual interest fees on this card.
When you’re ready to pay, you can apply online, or by calling Stinger on 0844 858 8888.
They charge a minimum of £10.50 interest per day.
The credit card and Stinger card fees vary according to your creditworthiness.
In Germany, you have to pay an annual fee of €9,500 ($11,750).
In Portugal, the minimum monthly interest is €5,750.
In the US, it’s €6,000 ($7,600).
Stinger offers car loans in more than 60 countries, with its Stinger Car Loan programme in Australia.
Find out more about Stinger.
What to expect when you applyFor the most up-to-date information on Stinger cars, visit its website.