So, you have made the decision to buy a new car, for the majority of us, the only way to purchase a car is with the help of a car loan. All you need to do now is work out which loan is best suited for you.
Applying for a car loan doesn’t need to be stressful.
This is where NowCompare can help you, we have access to hundreds of lenders in the market all with a slightly different rate depending on your all-important credit score.
Buying a car should be an exciting experience, and we are on hand to take away the difficulty faced when you start comparing finance deals.
Should you go with the finance offered by the dealership? or compare the prices online with a price comparison website?
Really, let’s face it, all you want to do is watch reviews on YouTube of your newly desired set of wheels.
A credit score is important, we all understand that, however, situations occur and change, almost on a daily basis. Just because you had a negative impact on your credit report 6 months ago doesn’t mean you will be declined for a loan today.
Using our free service takes away all the hassle We have literally, hundreds of lenders available, we compare each one individually just for you using our industry knowledge and some rather amazing technology.
Some of the specialist car finance lenders only lend to customers purchasing top performing sports cars, others are designed to help customers with bad credit and we even have guarantor loans available if you have a friend or family member ready to be a guarantor.
We would suggest you don’t waste your time comparing and applying with multiple lenders, most importantly it’s worth remembering each time a credit search is made it will have a negative effect on your credit file.
We hear from customers who explain the difficulties they have faced when buying a car from a dealer, occasional confusion comes into effect when a loan application is declined and the customer doesn’t understand why and feels they have no other options. Rather than walk away from a car purchase start your quest with us…
Car dealers usually have to use a particular broker and or lender to provide the car loan. This means you only get offered the products available by them, not always the best solution as the lender criteria may not be suitable for your current situation. For example, you have just changed jobs, you are self-employed, perhaps you are under 21 or even close to retirement. All the above mentioned can have a negative response if you are not aware of which lender is best.
The dealer job is to find you the perfect vehicle first and foremost and then once they have a sale they will look for the cheapest APR to help save you money when comparing a like for like car loan, however, the overall cost could be considerably higher if you apply and get declined by the lender.
