Car Finace Poor Credit ?
Posted in Car finance poor credit on October 2nd, 2010 by admin – Comments OffCheck out the maths
Rather than getting car finance through a car dealer, there is also another route worth looking at.
The best value car will rarely be through a dealer. They have plenty of overheads and very much like to put a large profit margin on top to boot.
Therefore, it makes sense to check out the local market for a used car. In general, the standard and build quality of the average car on the road is so good, high mileage is rarely a problem. It would certainly be a lot cheaper to go with one of these.
However, make sure you get an experienced person to check it over thoroughly. Its worth paying a real professional to do this as you are saving so much money by not going to a dealer. Balance out the advantages and disadvantages. This is a major expense remember.
By bridging the gap between selling your car for the highest amount you can get and buying a new car at the least possible price will mean the amount of finance needed will be dramatically reduced.
Add the possibility of giving a down payment and the likelihood of getting not only ordinary finance but preferential finance becomes a reality. You ca approach your bank for a normal loan with better APR than a car dealer may be able to offer. Also realize that a car dealer may offer a better APR only because they are subsidising the rate by charging you extra on your final price.
Check out your local paper for the professionals you need. Work out what your final borrowing amount is and the final amount payable and go with what works best for you.
