It might seem an obvious question, but what is a car loan? Of course it’s a loan to buy a car, but why not buy a car with a personal loan? Why not buy a car with a credit card or top up your mortgage? Let’s take a closer look at what a car loan is,…
Understanding the importance of a good credit score is made easy with our Quick Guide to Credit Reports. What is a credit report? A credit report scores an individual’s credit history based on their ability to follow a lender’s conditions. It also contains information about your recent borrowing history including details of any defaults; your…
Going three times… Buying a car at auction. Buying a car at auction does not need to be either a scary or a risky experience. The right preparation can give you the tools that you need to bid then walk away with a great car. If you’re thinking of making a car purchase through an…
The world of finance can be full of confusing terminology. Car finance is no exception. And while we try to be jargon-free, we recognise that there are words that are used across the industry that can be difficult to understand. With that in mind we’ve produced this straightforward list of terms, so that you can…
When you’re looking for your next car, you may be entirely focused on deciding what you need from your latest set of wheels. It’s not uncommon to forget to think about how you’re going to pay for it, until after you’ve found exactly what you want. If you’re planning on making your purchase with a car…
Getting a car loan for your first car can seem daunting. Taking on debt is a big step in life, so it’s important to carefully consider what will work for your budget and what you can afford. Here are some things to ponder before setting up your first car loan. Quick takeaways: Affordability is essential –…
Whether you’ve already set up your car loan or you’re simply considering your options, paying off your loan faster is financially best. That’s because the faster you pay your car loan off, the less you pay in interest, and the shorter the length of your loan. If you want to speed up your repayment rate,…
Have you ever wondered what your credit report says about you? There’s no time like the present for getting to grips with the importance of your credit status. Key points to know: Reviewing your credit report is a quick and easy way for finance companies (and potential employers) to assess your credit worthiness You can access…
Getting a car loan to work for you isn’t just about choosing a provider that you can trust. It’s also about making sure that you structure your loan in a way that suits both your lifestyle and your needs. That usually means finding a repayment structure that fits your budget, and being able to borrow enough…
With all types of finance – including car loans – it simply makes sense to regularly review what you have and what your options are. Building up a good repayment history with your lender may mean there is an opportunity for an interest rate reduction. Or, perhaps you have a little more disposable income available, which…