If you’ve ever spent a few weeks trying to get an application for car financing, then you definitely know the headaches and hassles associated with it. You have to fill in countless forms, speak with different individuals, and hope for the best – all the while stressing out because there is still a chance, even with the best preparation, to not get approved.
But obtaining cars on finance nowadays is much easier than before. There are plenty of lenders in the UK alone, each with their own special offers and interest rates. All you have to do is choose the one that’s the right fit for your budget, correct? Well, it’s a bit more complicated than that.
What do you need and what can you afford? At the end of the day, that’s all that matters.
Some car lenders are more flexible than others. The trick is separating the wheat from the chaff – after all, everyone has different needs and finances. You need to know that there are a variety of options for you when you purchase a car, regardless if it’s used or brand new. For instance, you can opt not to pay deposit on a car if you simply don’t have enough savings. You can also choose to pay within a minimum of six months to several years – it all depends on your financial earnings and the budget you can set aside for monthly payments.
Once you apply for a loan, the waiting game begins. But if you play your cards right, you can actually get approved for a loan within one to twelve hours. There are services that will allow you to apply with an online form, and once your form is submitted, you can receive confirmation in no time at all.
This means, simply, that you can choose your very own car in as little as one day. How great is that? No more stressful waiting hours, and no more wasted time and effort.
Bad credit? Bankruptcy? No problem – you can still get a car if you know where to go.
If you have a bad credit history, you can still get a new car. Yes, it’s true – with the help of a reputable car loan service, you can get matched to a lender that will accept your somewhat unpleasant credit history and extend you the necessary amount you need to choose your car from any dealer in the UK. Aside from being vouched for by a car loan service that has a good relationship with the lender, these lenders’ way of thinking is this: what matters is what you can pay now, and the past is, well, in the past.
You don’t have to settle for monthly payments that are beyond your means. Neither do you have to settle for a car that is less than what you had hoped for. In this regard, a personal advisor can come in handy. With the assistance of a free personal advisor through a car loan service, you can make the appropriate calculations for monthly payments according to your budget, and choose a car plan that would best suit your needs.
Getting cars on finance is standard practice nowadays – and with the right amount of research and collaboration with a trusted car loan specialist, why settle for second best? Check out your range of options for cars on finance at Carloan4u.co.uk.
Jonny is a freelance writer with an interest in consumer and financial affairs. He writes for several financial blogs about the benefits of cars and cars on finance.