Affordable car finance not only provides you with the money that you need to be able to buy a car, but has attractive rates and affordable repayment values. There are a number of ways that you can benefit from using car finance, including being able to buy a better car, and the ability to spread your repayments over a number of years.
Determining Payment Terms
When taking out any car loan you must consider the terms of the loan agreement. Shorter loan terms typically mean higher monthly payments, but they also mean that you pay less in total interest. Longer term loans may mean smaller monthly repayments, but they will inevitably mean that you have to repay more over the full term of the contract. Typically, you can access affordable car finance with terms ranging from a few months to several years.
The value of the car that you wish to buy will also play an integral part in the cost and availability of car finance. At Like Car Finance we will determine your total credit limit so that you can choose a car that suits your needs and that you know you will have the credit to pay for. You won’t be left guessing when you start to shop around for the best deal.
A perfect credit history is one that shows you make all repayments on time. This means that you need to have taken credit out previously, and you need to have met all of the repayments. If you have no credit agreements, or you have defaults and CCJs on your account then this can impact your ability to access affordable car finance.
Like Car Finance
Apply online today for affordable car finance from Like Car Finance. The application process is quick and simple and, if your application is successful, we will provide you with details of your credit limit. You can then choose the showroom you want, and buy the make and model of vehicle that best suits your needs. You aren’t forced to choose a particular type of car, or even the showroom that you buy from.