The Car Finance Company
The Car Finance Company
If you are looking for “the car finance company” and want to find out more about the different options available to you then read on to find out more.
Car finance companies have many options for you to choose from depending on your circumstances. Most people would like a new car but might not have the money they need to buy their dream set of wheels and so turn to a car finance company for help. The first thing that you need to consider is the type of car finance that suits you best. If you have enough money to pay a small deposit then there are two options available to you which is a Hire purchase option (HP), Personal contract purchase (PCP) or Personal leasing. All three of these options do require that initial deposit however you then have the option of paying in regular instalments. Many people choose this option because they don’t have a large deposit to put down and want to spread the cost over a period of time. With HP or PCP you have the option of purchasing your new car outright towards the end of your instalment plan and so will eventually become the owner of the car if you choose to. The personal leasing option does not allow you to make this purchase however and so you do not become the owner of the car at any point but does mean you can still enjoy the benefit of having the car you want without putting down the total amount for it first.
You will need to find out if you are eligible for your car finance and checks will be carried out to determine your financial suitability before you can proceed further. It is always best to discuss all of your option with your car finance company so that you are fully aware of their requirements and stay ahead of any penalties further down the line.
Many people opt for other options to purchase their new car such as personal loan by their bank or another financial provider. I this case you will need to show proof of your income and employment status. Although in some in cases there are providers who may also allow you the option of a guarantor should you yourself fail to meet their criteria. Your Guarantor will then need to demonstrate that they can afford to make your payments for you should you find that you are no longer able to do so for yourself. If you have adverse credit history and your credit score is low but still want to apply for a loan or car finance then this may still be available for you as there are many providers who specialise in providing car finance for those with a bad credit history and low credit score. In these cases they will look at your own unique set of circumstances and take into account al of your details such as employment status, income, existing financial obligations and as well as your previous financial borrowings.
Whatever avenue you decide to go down, make sure it is the one that leads you to your new car. Find out today what help you can get and help yourself to get the car you have always dreamed of.