Facts Of The Guaranteed Car Finance

The issue here is, that most of the car dealers who provide the guaranteed car finance

bound the borrowers to buy the car from him, which really sometimes really harms the borrower because the dealer do not negotiate in that case and it is also possible that the car of your dreams is not in the list of the dealer.

Luckily, a new trend is being established that now borrower can go to the showrooms, find the car they really wanted and then tell the dealer that they want guaranteed car finance to have that specific car. So in that case borrowers can just negotiate as they do when buying with cash. Nowadays most of the borrowers like to follow this trend.

Sometimes the dealers are so rude and want to agree with the points which they decide. Like if you ask for detail of the payment amount or you demand for your payment protection, they just start treating you badly. They just want to add as many ambiguous terms as possible so keep the safe side for them, self cert car credit without consideration of the borrowers. Still there are some of the lenders who really keep in middle and think of their as well as the borrowers benefits. You just need to find the best dealer having the best motive. Most of the countries have some specific rules that should be followed in order to get the car finance, for example in UK, these criteria must be met:

1) Borrower should be 21 or above

2) He should have the license

With the growing technology, it is now possible to get the car finance online. You don't need to go to door to door, to the dealers and then choose the one who suits you. Well the interest rates depend on the current market, but usually in UK it ranges from 6.9% to 7.9%. According to a survey the number of online borrowers is increasing from day to day, people are really satisfied and prefer the online method. The method also provides a large number of dealers available for the option and so it is easy for you to select one.

Dealers are also satisfied from this way of financing because if, by chance a borrower fails to pay the debt then the dealer will take your car and either sell it to recover the amount or use the car for any other purpose.

Hence this is the best way to get a car for unemployed persons or those who are short of cash. It will provide you money, no matter if you are bankrupt or have the poor credit history, as no one will bother that.

by: rickey

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