Get A Vehicle Loan With Bad Credit
A personal loan to purchase a car or alternative vehicle and secured against its value.
Cars, vans, lorry, trucks, 4x4s, motorbikes, motor homes, caravans, boats … commercial or private … all possible – even with a bad credit history.
Buying a car, a motorbike, a van or a motor home or any other vehicle is one of the biggest and most important purchases many of us will make, second only to buying a home. It is therefore vital that you shop around for the best vehicle loan possible. It’s not good to get locked in to paying for a vehicle for an extended period of time – it loses too much of its value for a long term loan to be a viable finance option. Remember that vehicles can depreciate quickly, so it’s a good idea to pay off the loan over the short term. While the monthly payment may be higher, the interest over the life of the loan will be lower, so you’ll pay less overall.
In many cases the vehicle you’re purchasing will be used to secure the loan and that’s why, as long as it’s affordable, you may still be able to get a vehicle loan with bad credit.
Personal Loans For Vehicle Purchase – Get A Personal Loan With Bad Credit
Bad credit loans brokers like The Finance Facility work for you to find the best loan option suited to your circumstances. They search over 200 lenders in the market, and match your personal details with the lenders criteria. The application form captures around 30 pieces of information about you which is then used to compare this to lenders criteria to find the best loan option for you.Using a personal loan to buy a car or vehicle does have its advantages – the loan is granted to you to use as you wish which means that everything is agreed and signed in advance and the loan is paid to you before you buy your vehicle and often before you even start looking or shopping around. This means that you can buy any vehicle you so wish from anyone or anywhere you want – trade, private, auction etc and can negotiate your own deal. Personal loans can be unsecured and hence can be lent to both tenants and homeowners alike.
Representative APR 19.6 Per Cent*
Representative Example: The Finance Facility is a licensed credit broker. *The actual APR of your loan will depend on the lender, the loan amount and the borrower’s personal circumstances. At our typical rate borrow £5000 at 19.6 per cent over 5 years (60 months) and pay back approximately £131.36 per month. Total payable £7881.60
Bad Credit Vehicle Loans – Get A Vehicle Loan With Bad Credit
There are a large number of UK sub-prime car loans providers and dealers, specialising in providing quality used cars and vehicles prepared to the highest standards, via a nationwide network of branches. They make it fast and easy to instantly get connected to the car you’ve been looking for. These companies were founded to give consumers quick, easy and free access to the auto dealership network. These days, in these tough financial conditions, such companies continue to grow clientele and develop innovative products to help consumers better understand their financial options. Unlike some car dealerships, these specialist car loans for bad credit providers offer a one stop solution for customers who have been unable to secure credit elsewhere. Typically when looking to buy a car, a customer might visit a car dealer to choose a car, make an application for finance and then possibly have to repeat that process numerous times. With many bad credit vehicle loans companies, the vehicle buying experience is made as simple as possible, for the customer’s convenience.
Being granted a car loan with anything less than a perfect credit record is becoming increasingly difficult but there are lenders out there who understand that your credit record may not be perfect at all stages in your life, many things can happen to leave you with a bad credit record through no fault of your own and will try to get you a loan and vehicle regardless of your credit history.
Bad Credit Van Loans, 4×4 Loans And Commercial Vehicle Loans – Self Employed
If you’re self employed and in need of some form of company vehicle there are companies who specialize in providing tailored finance for commercial vehicle purchases and specialise in Van, 4×4, Minibus & commercial vehicle finance for a whole spectrum of customers including:
- Self Employed
– Sole Traders
– LTD companies
– Applicants with Good credit
– Applicants with Poor credit
In today’s financial climate you need a commercial vehicle finance company that can offer you finance for any credit history, same day decisions, low interest rates & main dealership standard vehicles. Three options:
1: Vehicle & Loan Combined
2: Loan Only
3: Vehicle Only
So, whether you’re a sole trader, Ltd company or new business start up there’s help out there and you can find the perfect finance package to suit your needs. Companies who can provide finance for people with Status or Adverse credit histories with excellent interest rates, repayments & low deposits and who provide such benefits as:
Instant online lending decision for van loans
Compare lenders to give you the best options
Choose a van from existing stock or nominate your own dealer
Arrange for vehicles to be delivered to your door
Van insurance quotes
Extras and accessories to customise a van exactly to your specification
Whatever your needs, whatever your situation, whatever your requirements there’s help and a solution out there – even if your credit history is not up to scratch.