Car finance is similar in many ways to a loan. However, instead of giving you the money to buy your car, which you then return to your lender, we give you the car and you pay back the car finance company over time.
The car finance loan that you receive from a company will based on myriad factors including the make of the vehicle, its cost and how long you wish to pay back the interest for. Older models of vehicle, for example, won’t require as much money to pay back as newer models. Furthermore, if a driver wishes to pay back the interest over a several years, this will decrease the repayment amounts, which will be higher for payments over a short period of time.
At Check Car Finance, we want to ensure that the loans available to our customers are honest, manageable and fair if a driver intends to purchase a vehicle through car finance. You can determine what your monthly repayment costs will be with a car finance loan on our website by simply entering your vehicle cost and intended repayment time.