Need to trade in your existing car and get a new car?
Perhaps you need a good quality second hand vehicle that is reliable and will suit your needs. Consider taking out a personal loan for purchasing your car instead of hire purchase or vehicle leasing options.
What are your loan options for Cheap Car Finance Bad Credit?
Each type of car finance has its own pros and cons and you must consider and decide which car financing suits your circumstances best.
When you take out a personal loan, you will know exactly what the cost of the loan will be, what the monthly repayments are and how long it will take you to repay the loan. Personal loans can be used for any purpose and the loan will not be secured on the car, which leaves the vehicle free of finance.
If you decide to go for hire purchase or car vehicle leasing, the car remains the property of the finance company throughout the term of the agreement. With hire purchase, providing you make all of the payments on time and complete the agreement payment term plus pay any balloon type final payment, then after all of this, the car ownership can be transferred into your name.
Car leasing will mean the car will always remain the property of the leasing company and when you reach the end of your pre-agreed leasing period, then you just hand back the vehicle to the leasing company with no further payments needing to be paid. You can also get loans secured on your car as well and they accept people with bad credit.
It’s all down to personal choice really and as the saying goes, you pay your money and take your choice!
For a personal loan quotation, please feel free to apply
We also have a company that can provide vehicle finance secured on the new vehicle and it is suitable for people who may have had credit problems in the past.
We hope you get sorted out with your vehicle loan soon from great car loan companies, so that you can get the keys of your new vehicle and put a smile on your face! Thank you for reading about Cheap Car Finance Bad Credit and you might also like to read further articles too.