subject: Get A Car On Finance If You Cant Afford To Buy One Outright [print this page] Nowadays, everyone is feeling the strain on the economy caused by the recession, and a lot of people have found that paying for large purchases is increasingly difficult. Aside from your house, your car will probably be one of the most expensive purchases that the average person could ever make outright, but finding that amount of money for a onetime payment could seem near impossible.
If you need a new car but you just cant afford to pay for one outright, you could consider buying one on finance. Better yet, opting for a second hand car could save you even more money, as a used car will always cost less than buying new.
This doesnt mean that you will get a car of lesser quality though, as cars from second hand showrooms go through rigorous standard checking before they are even put on display. They will generally be in good condition and you will be given a record of the cars MOT and service history so you can see for yourself. If this isnt offered, you can simply request this information and the showroom will be more than happy to comply.
When you buy a second hand car on finance you will be able to make monthly payments on the total value of the vehicle, plus interest. You can apply for car loans online now by looking for car showrooms near you, and you can compare and contrast to find the most suitable.
You can fill out an easy application form for your car finance either online or over the phone, it will detail your address history, current employment and contact details. Your application will be processed quickly and a credit check will be run, just to see whether you have a good credit history. If you know your credit rating isnt at its best though, you can find companies online that will still accept you.
Once you hear back from the company you will be invited to your nearest showroom, where you can look for your ideal next car. If you arent sure about which car would best suit you, you can ask for help and can test drive the car you ultimately decide on.
Buying a used car on finance will definitely help to spread the cost over a number of months, meaning that you can afford to buy the car you need.
by: Alan Trotter
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