Getting the Best Finance Deal for You

Car finance will likely be one of your biggest monthly bills, therefore ensuring you get the right agreement is crucial. Here are some tips to help you get the best deal…

Choose the Right Finance Type

The two most popular types of car finance are PCP, Personal Contract Purchase, or HP, Hire Purchase. Both offer benefits over the other so it’s important to do your research and find out which will work best for you. Hire purchase allows you to keep the vehicle ones you’ve finished paying your instalments, whereas you have to pay a balloon payment with PCP if you want to own the car at the end of the agreement.

Improve Your Credit Score

The better your credit rating, the more reliable you look to lenders. This score is based off things like previous loans, being on the electoral register, paying your bills on time and keeping your credit applications to a minimum. Building your credit score is a long term commitment but it’s worth doing as it will enable you to get better deals in the future.

Match the Deal to You

Car finance can be personalised in many different ways. For example, you could choose a shorter contract if you don’t want to keep the car for a long period of time or you could put more money down as a deposit if you want to reduce your monthly payments. The finance form on our website will help you to get a good idea of how much you could pay for one of our used cars at Smallbone and Son. Make sure you factor in all your monthly bills when deciding how much you can afford to pay for you finance and remember to add in the additional costs that car ownership brings!

You can apply for car finance online today by completing our online application form on our website now!