Creditplus Car Finance

Quite simply, car finance allows a consumer to buy a car by using a finance agreement which has been specifically set up for the car.

This gives people the opportunity to buy a car that they may have otherwise been unaffordable. This give people the opportunity to buy their dream car, upgrade to a family car or simply just to buy a car which will be safe and reliable.

Car finance is different to other types of finance. It is not a personal loan and which means the money has to be used for the purchase of a vehicle. The money is lent against the vehicle which allows people who may not be able to get a personal loan the ability to purchase a new vehicle.

Car finance is paid off by regular monthly repayments, usually consisting of a direct debit from your account. The repayment amount will vary depending on the amount borrowed, the length of the agreement and the level of interest that was agreed on the finance.

Generally, as with all loans, the higher risk you pose to the lender, the higher the interest rates are that you will have to pay on your car loan.

The amount you will be able to borrow will depend on you personal circumstances. Factors that affect the amount of money that you will be able to borrow include:

- Your income
- Your current commitments (mortgage, other loans, overdrafts etc.)
- The car you want to buy
- Your age

There are also other criteria's that will also be taken into consideration when you apply for a loan.

One of the best ways to understand how much money you will be able to borrow is by using a car finance calculator. Creditplus offer a free calculator that you can use to understand how much you can borrow and the likely monthly payments.

Try our car loan calculator here!

Creditplus can provide loans of between £3,000 and £50,000 depending on the applicants personal circumstances.

It is very simple to apply for car finance. Go to Creditplus and fill in your details into the applications form.

This should only take a few minutes and once it has been completed you will be given an instant decision! It's that simple.

Once you have a lending decision you will be called by one of our advisors who will guide you through the rest of the process. They will let you know how much money you are being offered and will also start taking details of any vehicle preferences you may have.

The cars available to you will obviously depend on your budget. But as long as you find a car within your budget then there are very few restraints. The only stipulation the lenders apply is that the car has to be supplied by a reputable dealer. This is to protect you and your investment from any potential pitfalls.

Our advisors will be happy to find the right cars for you. We have access to thousands of vehicles in the UK so it is highly likely that we will be able to find the perfect vehicle for you. By utilising our advisors it will also take a lot of the pressure off of you making the whole process of finding a new car more enjoyable and less stressful.

We have worked hard to form partnerships with the leading suppliers of car finance. In doing this we have the ability to offer finance deals from a number of different lenders, giving us the ability to easily find you the best possible deal.

We can help fund people with any financial circumstances. If you have an excellent credit rating then we will be able to match the level offered by banks (personal loans). If you credit rating is a little lower then we will also be able to offer you the most competitive rates in the industry.

Our rates start from just 7.9% APR.

The amount of time it takes you to drive away in your new car will depend on the deal and how long it takes to find you the perfect car. Generally from the time we receive your application to the time you can drive away in your car it will only take 3-7 days.

The time limit is highly dependent on the applicant. If you can supply proofs promptly, view the vehicles you may want to purchase quickly (you don't have to see the car I you don't want to), then we are likely to be able to supply you the car very quickly!

Creditplus prides itself on being able to provide a very quick, efficient and friendly service to our customers. Why not have a look at our testimonials page (or even review center!) for honest feedback about our service!

For any more information please visit Creditplus