A fast and simple alternative to purchasing a car in one expensive lump sum, car finance allows drivers to instead own the car whilst paying back its cost in monthly instalments. Almost anyone can apply for a car finance deal that will allow them to take advantage of this popular new way of buying a vehicle – almost half of new drivers choose this option. It does not discriminate against age, income or driving experience. To get a car through Check Car Finance, the only thing it may require is a simple credit check.
Because car finance requires you to make monthly repayments to pay off your new vehicle, lenders will sometimes perform a credit check to ensure customers have a steady financial history. A car finance credit check will ensure that a driver does not already have, or has recently been in, any serious forms of debt.
Most people have healthy credit scores. However, those who have found themselves will poor credit are by no means immediately unable to receive car finance. There are often ways that a lender can tailor the car finance loan so that this does not prevent you from owning a vehicle. Furthermore, there are a number of simple ways that one can improve their credit rating ahead of your credit check for car finance, such as joining the electoral roll.