In a recent article, we discussed how you could potentially agree a car finance plan without the need for a credit check. This helps those who just want to save time, but it is generally considered more beneficial to those who have poor credit and do not want any problems. But is it feasible to suggest that those with poor credit cannot end up with a car worthy of their dreams? Not at all, as we will now explain.
While many dealerships offer monthly payment structures, we believe that opting for weekly payments for car finance can be a more advantageous choice.
You may have come across the term Pay As You Go Car Finance in the past, and you may be confused. After all, it is generally stated that there are four main types of car finance: Personal Contract Purchase (PCP), Personal Contract Hire (PCH), Personal Loan (PL) and Hire Purchase (HP). So, where does Pay As You Go Car Finance enter the picture, and how does it differ from the aforementioned options? Allow us to explain.
When it comes to car finance, there are several factors which can impact the viability of a deal. And one of those, or at least one that is perceived to be amongst these points, is your credit score. Indeed, the prevailing fear is that, for a driver who might have poor credit score for whatever reason, this could significantly impact car finance, whether it be higher costs for their preferred plan or even a restriction on what finance plans they can go for.
City cars are always a firm favourite for motorists, which means that we will always have a great selection of finance plans for a multitude of city car ranges here at Rix Motors. Today, we are spotlighting the best city cars that we have amongst our stock today, in line with the trends of the market as we write this article in spring 2019.
One of the most important processes that occurs when a car finance plan is agreed upon is to undergo a credit check on the would-be driver. But what if this didn’t happen? What if a credit check didn’t take place? Would it prevent the motorist from purchasing a vehicle? Not at all: car finance can be offered even without a credit check, and we will now explain why in more depth.
A lot of important factors need to be considered before you sign up to a car finance plan. One of those is, of course, the financial aspect, and how much the vehicle is going to cost you. And we don’t just mean the monthly amount, and we also don’t just mean any required deposit prior to the plan beginning.
There are numerous different finance plans that we offer for our vehicles here at Rix Motors. One of the more popular plans amongst our customers is the Hire Purchase (HP) option. It sounds self-explanatory, but there is a little more to a HP than what initially meets the eye, which we will now discuss in more detail.
Here at Rix Motors, you will always be making a great saving on any car finance plan, but it becomes even more noticeable when you recognise that you are paying double figures on a monthly basis. Having your car finance deal sit at below £100 a month is a real positive, though of course you will still require a top-quality vehicle to match the reduced cost.
Students will find that having a car can really make a big difference when it comes to attending their university of choice, especially if they are living on-site having come from another city. University can also be a great time to learn how to drive outside of lectures and seminars, meaning that a licence can be obtained long before graduation.