Car Finance Benefits

New and Used Car Finance

Looking for a new car can be a tiresome endeavour. Narrowing down the huge amount of cars available to the model and spec you want, and then negotiating a price and finding the best way to fund your purchase. With Quote Chief’s partners you can take the stress out of the car shopping process. By comparing the whole market of lenders to find the best loan for you, they can save you a lot of time and money. And if you prefer they can even source your car for you if you tell them what you are looking for, saving you even more time and hassle.

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What Car Finance Options Are Available?

Our lending partners look at your individual circumstances and tailor their finance options to meet your specific needs, whether that’s Hire Purchase, Personal Contract Purchase or Lease Purchase they will find the best product from their panel of lenders to meet your needs. Even if you have a bad credit score, you can still apply for finance and our partners will help you find the most suitable funding option.

Sourcing a Vehicle

Sourcing vehicles

For those of you looking for assistance searching for your next vehicle our leading partners offer a find, fund and deliver service. Your vehicle will be sourced from their list of RAC approved car dealerships, where each vehicle has to pass a stringent 82 point RAC Approved Vehicle Preparation Standard check and an RAC 12 month break down service included. Once your perfect car has been sourced, car finance will be arranged with the best available finance option for your needs and then they will have your vehicle delivered to your doorstep.

Car Financing Options Explained

Hire Purchase

A hire purchase agreement is one where you borrow a set amount of money over a fixed period and with a fixed interest rate. Your monthly payments are a set amount and do not vary from month to month. The loan is secured against the vehicle so you won’t own the vehicle until the loan is paid off, and there is normally a small ‘option to purchase’ fee required to be paid at the end of the term.

Personal Contract Purchase

A personal Contract Purchase agreement is somewhat similar to a Hire Purchase agreement in that you can use the vehicle until the end of the term of the contract. When the term finishes you have the option of either returning the vehicle or keeping it by paying a balloon payment which is equivalent to the estimated value of the vehicle at the end of the term. PCP’s usually have an annual mileage allowance and if you go over this there are fees to pay.

Lease Purchase

A lease purchase agreement is a finance agreement where you pay monthly payments and you pay a lump sum at the end of the agreement. Unlike a PCP there is no option to return the vehicle and you will have to pay the lump sum to purchase the vehicle.

Can I Get Car Finance With Bad Credit?

The simple answer is yes. Having bad credit can be due to any number of reasons, whether that’s missed payments or defaults. And Even if you have CCJ’s or are on a Debt Management Plan or IVA, there are still options available to you that can be discussed with our partner credit brokers. Our partners search over 90 credit brokers to find you the best financing option for your next car no matter what your circumstances.

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How Do I Apply For Car Finance?

The process really couldn’t be simpler! You can apply here using one simple form. Whether you want to apply for finance to fund your vehicle purchase or apply to use the find, fund and deliver service to find you next car for you, it’s just one simple form to complete, you will get a call from our brokers to discuss everything with you in detail and make sure the finance option is right for you. You can rest assured that using the form will not leave any marks on your credit form, (credit searches are done at a later stage after discussing your options with our brokers).

When looking for car finance, you will want the help of someone with years of experience to help you get the best deal possible. With us you will get access to over 90 different lending options and we will find the best deal to meet your needs. Use the application form to start the process online, with no obligation and no record left on your credit report, you’ve got nothing to lose. We can help you finance a car that you’ve found through a dealer or privately, we can even help you find the perfect car for you!

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