As part of the deal, RAC car loan customers will receive a competitive rate, as well as getting a free vehicle examination, worth up to GBP156, to help the driver 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 car.
Other benefits of the RAC car loan include the option of a loan term between one and seven years, a free next day transfer of loan to the customer’s bank and a 6.9% APR typical on loan amounts between GBP7,000 and GBP25,000.
Frank Wilson, director of RAC individual sales, said: 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.
