What is a secured car loan?

At Nimble, our secured car loan is pretty straight forward. Getting a secured car loan with us means we have security over your new car. This means that if something were to happen and you couldn’t repay the loan we maybe able to sell your car to recover what you owe. What’s the advantage of a secured car loan for you? Security can help to make a loan less risky for the lender and in turn, this means you might be able to get a lower interest rate than other loan types.