Once the final payment is made, the HP contract ends and you own the car. You pay an initial deposit, followed by monthly payments which are set by you. When the contract expires, you return the car, or take out a contract on a new one. You take control of the car for a contractual period and make fixed monthly payments. You can either pay this to keep the car, part-exchange for a new car, or hand the car back. At the end of your payments, a final larger payment remains. You pay an initial deposit, followed by monthly payments. Speak to one of our product consultants for more information. Just let us know if you know you have a poor credit score, and we will try to match you with the most appropriate lender. We work with more than 20 lenders to find the right finance package. That doesn’t necessarily mean you won’t be able to arrange a finance deal with us. This calculator has been designed to give you an idea of how much a loan would cost each month and the amount of interest that you would pay overall for the different loan terms. Some of our lenders may be willing to underwrite this type of finance, either as an unsecured personal loan or a hybrid finance arrangement, where the car is on a secured agreement but the negative equity on a personal loan.Ĭan I still get finance with a bad/poor credit rating? We can help you to work out the ideal time to change your car – pop into a branch and speak to one of our product consultants. I’m in negative equity with my current car – can I still get finance? You simply need your debit or credit card (to pay the initial deposit) and your driving licence, as a form of identification.
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