Car Credit Decision Within 2 Hours
Yes Car Credit - Car Finance Up To £25,000
Tired of receiving a No to your car credit application? Want to instead apply for a Yes? Then we can help. Each week we help people that have bad credit problems and can't get the car they want.
Amount of credit: £1000 for 12 months at £109.09 per month. Total repayment of £1309.08. Interest: £309.08 Interest rate: 52.9% pa (fixed). 64.9% RAPR. APR rates range from 45.3% APR to 750% Max APR. Any APR rate offered will be linked to your status. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
YesLoans
Car Credit Decision Within 2 Hours
Get A Decision And Then Find Your Car
There are many different types of Car Finance. Not all of these will be suitable for all. We can take you through the options that are available in order for you to make the right decision.
Hire Purchase
This is by far the most common type of Car Finance. The borrower applies for car finance. The finance company pays the seller for the car, the borrower drives the car away and then over the next few years makes repayments to the finance company. Once the repayments have been completed, the borrower takes full ownership of the vehicle. It is then owned by them to do with as they wish.
PCP (Personal Contract Purchase)
Five years ago, few people would have heard of this option. It is though becoming one of the more popular ways to finance a vehicle.
The benefits of this option are that monthly repayments are lower, but there is a big balloon payment to be paid at the end of the agreement if you want to keep the car. You will always have the option of walking away at the end of the contract and handing them the car back.
This option is more lucrative to the car finance company because the total debt reduces at a slower speed and therefore the interest is payable on a more considerable outstanding debt.
There will almost certainly be a maximum mileage clause with this agreement.
Contract Leasing
A simple, straightforward way of financing a car. With this option, you will never own the car, nor will you ever have the opportunity of owning the car at the end of the contract.
The leasing company will typically ask for 3-6 months payments upfront to act as a deposit, then the borrower pays agreed amount monthly until the contract ends. At which point they will hand back the car.
There will almost certainly be a maximum mileage clause with this agreement.
We don't offer Contract Leasing options.