Advice and Tips // 25 February 2016
Looking for bad credit car finance can be tricky, whether you’re doing it online, or with a broker. So we’ve compiled a few tips, to make sure you’re getting the best deal you possibly can.
Some finance agreements can come with terms as long as 72 or 84 months, which is 6 or 7 years. This is a very long time given how much your life can change and therefore your requirements for a car may alter. There’s no use having a soft top with 2 seats and a young family for example. Make sure that the length of the agreement works for you.
Make sure that when you’re looking for a provider of car finance for poor credit holders, you use a lender with a good reputation. If something goes wrong, you want to know exactly who to turn to.
Make sure that you focus on the price of the car and the APR rate as well as your monthly repayments. It’s important that you fully understand how much you are borrowing and the cost of paying it back. Take your time to review your options, and don’t be fooled into rushing your decision. A reputable lender won’t have offers on one moment and not the next. Instead, they will give you the best product for your circumstance, regardless of whether you sign up immediately.
If you want to explore every option, try out our car finance calculator. It will show you approximately how much you’ll be paying back, and over how many months. You can set the terms you need, rather than a broker dictating them to you, and, with a lender who specialises in poor credit car finance, you know you’re in safe hands.