By James Broughton, November 7, 2017
Buying a new car can be a big expense, making it difficult for many people to purchase their dream vehicle. This means that many go for the cheaper option of a used car, but if you don’t want to settle for second best don’t worry.
Your dream car doesn’t have to just be a dream; you can make the payments much more affordable if you get financial help from a reputable car loan company. This means that you can get an amazing car now, rather than saving up for months or years to make an upfront payment. Many Brits have already jumping at the chance of financial help; in fact, one of the longest periods of growth in the British car market only ended recently. Interested? Here are a few tips to help you finance your dream car. Find a reputable company Loans are one of the most popular ways to finance a new car. A recent survey found that 68% of new cars bought in the UK over the last year were funded by finance, so it is fairly simple to get a loan – even if you have bad credit. There are lots of reputable bad credit auto lenders in Britain, and including companies who specialise in car loans for people who used to be bankrupt. However, it is important to shop around to find the best bad credit auto loans for 2017, as some companies are not as legitimate as others. Look out for loan companies who specialise in helping people with bad credit, and check the interest rates to make sure that you can afford the monthly payments. Be aware of car prices If it has been a few years since you bought a car, you may find that you are underestimating (or overestimating) the cost of your dream vehicle. The average price of a car regularly fluctuates, and currently, the estimated average price of a new car in Britain is around £12,919, but there are lots of car price comparison apps that you can use to find the best deal, such as Used Car Search Pro and CarMax. Get a mechanic to look at the car A professional mechanic can look over the car to see if there are any problems with it, and if there are, then the dealership or loan company may lower the overall costs. This makes it much easier for you to afford your new set of wheels. A dream car doesn’t have to be just a dream if you find an auto lender – you can even lower the price of the car if the mechanic finds a problem! Just make sure to use a reputable auto lender and mechanic to ensure that you won’t be ripped off.
