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Car Finance Tips

Tip 1: BUDGET FOR YOR CAR FINANCE

Buying a car is often the second biggest purchase you will make after purchasing your home. This makes getting the right advice vital for your car finance application which is why Creditplus provides you with car finance specialists to underwrite and manage your application. We work hard to ensure that we can offer you the best possible car finance package which is tailored for you depending on your credit ratings and in terms of managing your outgoings.

Make sure you set your budget carefully. Think about what you can truly afford even during times when your finances may be stretched to make sure you will always be able to continue making your payments.

It is essential that you understand how much finance you need to secure the vehicle of you choice. Make sure that you know exactly what type of car that you want and how much it will cost with your ideal specifications. You can then use our specially designed loan calculators to understand how much finance you need, the amount you will pay each month and the total amount to repayable.

Tip 2: RESEARCH CAR FINANCE THOROUGHLY

Be sure to thoroughly research your best options by using the internet to look at different car finance rates and watch out for hidden fees and extra charges. It is normal for a small charge to be made for processing a car finance application, but this should be clearly stated so the customer knows exactly how much they are going to pay.

Tip 3: ASK FRIENDS ABOUT THEIR CAR FINANCE

Talk to your friends and family. 42% of car buyers use car finance to find their car, so someone you know will have taken out car finance. Ask them how they got good advice and what to look out for.

If you don’t know anybody who’s used car finance or you have any specific questions then call Creditplus on 08717 502 495 and we will help explain the whole process for you.

Because we deal with car finance all day every day, we are completely up to date on all of the latest industry developments which may help you to secure a loan. So even if you’re worried about getting approved for credit we can explain the different ways you could secure finance and get the car you are looking for.

Tip 4: COMPARE CAR FINANCE

It’s natural to look around for your car finance, especially with the ease of the internet. However, the rates advertised can sometimes be far from the reality of what you will be able to achieve, depending on your credit rating.

It is important that you research you credit rating score so that you can understand whether you fall into the excellent, good, fair or poor category. You can use Credit Expert to gain your credit report and to understand exactly how good you credit score is. Once you know how good your credit rating is you will know roughly what sort of rates you should be able to achieve when getting car finance.

Tip 5: ARRANGING YOUR CAR FINANCE

We make sure that we find you the best possible deal for your car finance by comparing a range of market leading lenders and providing you with the best possible rate depending on your credit rating.

We can also offer you advice from our financial experts who can guide you on the best possible action for you to get the best possible rate.

We understand that everyone’s credit history is different and therefore we search the whole market to make sure we find the best deal for you depending on the lending criteria that you meet. Our unique system means that we can compare your credit file to multiple lenders without leaving multiple foot prints which could damage you ability to obtain finance in the future. Do not apply for finance with lots of different lenders as this will affect you credit rating. Instead research them all thoroughly and then choose the best provider.

We have helped thousands of happy customers to obtain the finance they need to make sure we provide them with the car they want. We don’t expect you to take our word for it though. Why not see what our happy customers have said about our service by viewing our testimonials page.

We have helped thousands of happy customers to obtain the finance they need to make sure we provide them with the car they want. We don’t expect you to take our word for it though. Why not see what our happy customers have said about our service by viewing our testimonials page.

Tip 6: YOUR CAR FINANCE IN WRITING

Make sure you get your car finance agreement in writing and read all of the terms and conditions carefully before signing it. We are happy to explain anything that our customers may not understand. All you have to do is give us a call and we will talk you through it all so you can have complete peace of mind.

Also, make sure that if you’re buying a car which you haven’t physically seen that you check the car over before you sign the documents. It is important that you are happy with its condition and that everything is as agreed in the contract before you finalise the finance agreement.

Car Finance options:

Vehicles Available:	New cars for sale Used cars for sale Commercial Cars Motorcycles
Car Finance amount:	£3k - £50k (subject to status)
Finance repayment terms:	Up to 60 months
Required deposit:	£0 (subject to status)