Good Credit Car Finance
Good Credit Score
Getting Approved for car finance with a Good credit score
Good credit - You have well run credit accounts, on the voters roll & No CCJ's, Defaults, Missed Payments or arrears recorded on your credit file in the last 6 Years. You will be able to obtain the lowest rate Hire Purchase Car Finance agreements as the loan is secured against the vehicle the risk to the lender is minimised. We have a large panel of lenders that will look to offer a credit option from 10% APR.
We can also help in these cases:
Benefits
Benefits of Hire Purchase Car Finance With Good Credit Rating
Once a finance lender has given you an AIP (Approval In Principle) they will require some documentation in order to confirm some of the details on your application once you've chosen your car. The amount of documentation depends on your Credit rating, Employment status and Electoral roll Status . However with todays technology it is possible to check most information Electronically without documentation
Eligibility
Good Credit Finance Eligibility
To obtain car finance you must meet the following criteria.
Benefits of Hire Purchase Car Finance With Good Credit Rating
As the title suggests, you hire the car from the finance company, taking responsibility for it and making monthly payments until you have paid the total amount owed. You are the registered keeper of the vehicle throughout the payment plan and then at the end of the repayment period, you have the option to take ownership of the car.
As you've paid off the cost of the car by this point, all you pay is a small admin fee. This could be anything from £1 - £299+.
As you've paid off the cost of the car by this point, all you pay is a small admin fee. This could be anything from £1 - £299+.
