subject: Best Car Finance | Best Car Finance Company [print this page] Best Car Finance | Best Car Finance Company
Shopping for a new car is always exciting for most people. But looking for car finance is not. People just look for the lowest APR and don't care about anything else. All they are thinking is get into their new car and happy motoring. There are many places that you can go to shop for car finance but you don't know which one are the best. There are the high street banks, car dealer finance, car finance companies and etc.
Nearly all of our customer look for the car they want to buy first then look for the finance. To be fair, it is very logical. If you need to borrow some money to purchase your new vehicle, it will make perfect sense to look for finance for your new car first. There are lots of places which can provide car loans. If you go into a car dealership and find the car you like, they usually have a finance option for your new car. That is the easiest way to obtain a finance quote but not always the cheapest.
The cheapest finance for a car will be either the high street bank or car finance companies. High street bank always provides the best finance rates because the government told them to lend more to their customers and businesses. The bank will transfer the money into your bank account and you just have to keep up the monthly repayment. The bank doesn't care if you need the money to buy a car, refurnish your kitchen, go on holiday or etc. There are no checks on what you have to do with your loans.
The second option will be the car finance companies, they will perform checks from top to bottom on your new car. The procedure is totally opposite to the bank, you apply for car finance first. Once you have accepted for car finance. You can go look for your new car, the car can come from anywhere within the UK as long as is a respectable car dealers. Respectable means the dealer must have 50 or more cars and must be on a trade premises. This is for your own safety, if the car they sold to you is a clone or is a write off even though the car is really good for the value. If is a smaller dealer and the car breakdown with the first few weeks, at least you can bring the car back and ask them to fix it. Before we lend you the money for your car, we will check the car out for you. This will include HPI check, MOT check and Experian check for your car. This should tell us if the car has been in any accident, been stolen or is on finance with another credit company.
