Classic car finance can be tricky to secure; however, you should speak to our sales experts who will be able to help you find an ideal solution.
In essence, yes. You are borrowing money from a reputable provider in order to fund the purchase of your car and will be responsible for paying back the borrowing over an agreed period of time.
There’s a number of ways to finance a used car purchase, so ensure you shop around for the best deal. This may be a bank loan or credit card, or even a financing agreement made through the dealership.
While there is no fixed timescale for how long you can finance a car purchase for, it tends to be common for lenders to offer finance plans ranging from 24 to 60 months in duration. Speak to a member of our sales team today to learn more.
Buying a car on finance provides the opportunity to spread the costs into manageable monthly repayments, making it simple to budget for. As such, it represents an affordable way to get behind the wheel of your chosen model without expensive outlay.
The general consensus is that financing companies will not finance the purchase of vehicles aged over 10 years. However, you should liaise with one of the sales agents at Motors Coalville to discuss in person.
At present, there is no upper age limit to take advantage of a Personal Contract Purchase agreement.
Voluntary termination of a financing agreement may well appear on your credit score. That said, as long as you make your 50% repayment amount and any other charges, it should not negatively impact your application for financing in the future.
Any application made for car finance will appear on your credit history, impacting your score negatively if you are refused credit.
Assuming you’re able to make your repayments on time consistently, a vehicle loan will help boost your credit score over time.
If you’re in receipt of selected disability allowances, you can take advantage of the Motability Scheme to secure the lease on a brand-new vehicle. Visit our Motability page today to learn more.
If you wish to settle your car finance early, you can contact your lending provider and request an early settlement figure. This figure may include any early repayment fees and will be set by the lender.
Yes. Almost all car financing agreements offer a ‘cooling off period’ of 14 days should you change your mind and wish to cancel.
It’s estimated that the average annual running cost of a car exceeds £3,000, with fuel, insurance and maintenance the largest expenses.
Yes. The impact of modifying a car may, however, impact any warranty that is provided by the manufacturer.
In order to secure financing, you will need to supply a copy of your ID, proof of income, and proof of address.