Q. Will I be offered the best rate of finance?
A. As a broker, our service is to compare our lending panel and offer you the best rate available to you.
Q. Do I need a deposit?
A. The majority of our lenders offer no deposit finance. On the very rare occasion you may need a small deposit towards your vehicle. This can sometimes depend on the value of the vehicle and how much the lender will lend against that particular vehicle.
Q. What if my finance has been declined?
A. Don’t worry if you have been declined for car finance. If you are declined for finance, we work with other companies who offer in house finance on their own vehicles. These companies will assess your affordability and circumstances, as oppose to your credit rating.
Q. Can I buy a car from any dealership?
A. You can buy a car from any car dealership we deem reputable. We will conduct background checks on the dealership to ensure you are dealing with a reputable dealer.
Q. Do I need a guarantor?
A. The lenders we work with do not require a guarantor, so if you receive a text message with good news, you have been pre-approved on your own merit and do not require a guarantor.
Q. Will applying for finance with you leave a hard search on my credit file?
A. Applying will not leave a hard search on your credit file. The lenders we work with use soft search technology to pre-approve our customers when making an application. These are known as quotation searches and will appear on your credit file under secondary searches. Only you can see this information and cannot be seen by companies you apply for credit with. Only if you proceed with the finance you have been offered will a hard search then be recorded to show you have an active credit agreement on your file. If you keep up with your repayments, this could also improve your credit worthiness when you next apply for credit.
Q. What’s Hire Purchase?
A. Hire Purchase (HP) secures your finance agreement against the car. It’s a way of spreading out the cost of the car in a series of monthly payments. Once you’ve completed all your payments, you’ll own the vehicle outright. Your monthly payments will include the cost of the vehicle, plus the interest, and an administration fee – you also have the option of paying for this upfront. Any fees on the agreement are charged by the lender you may be matched with, as a broker we do not charge any fees to you for our service.
Q. I have bad credit. Can you still help?
A. Whether you have a BAD, POOR, GOOD, FAIR or EXCELLENT credit rating we are here to help match the most suitable finance deal to you. We work with a panel of lenders who offer credit for all types of credit ratings who want to finance a vehicle for you. Finance is subject to status and an approval can’t be guaranteed, however all circumstances can be considered, so let us match finance to you.
