Car Finance In Leicester

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  • GMCF is a Broker and a Lender
  • Deposits from 0%
  • Employed, Self Employed or on Benefits
  • UK Car Finance Provider
  • REPRESENTATIVE APR 27.4%

Finding Car Finance in Leicester

Leicester is a great place to live and work, but finding car finance can be a challenge. Whether you're looking for a new car or a used car, there are a few things you should know before you start your search. Here's a guide to finding car finance in Leicester.

Step 1: Research Your Options

The first step in finding car finance in Leicester is to research your options. There are a number of different car finance providers in the area, so it's important to compare the different interest rates, repayment plans, and fees associated with each one. You should also consider the type of car you're planning on buying, as some finance providers may offer better rates for certain types of vehicles.

Step 2: Compare Interest Rates

Once you've narrowed down your options, it's time to compare interest rates. Different car finance providers in Leicester will offer different rates, so it's important to compare them carefully. Make sure you look at the APR (annual percentage rate), as this will give you an idea of the overall cost of the loan. You should also consider any additional fees or charges that may be associated with the loan.

Step 3: Look for Special Offers

Many car finance providers in Leicester offer special offers and discounts, so it's worth looking out for these when you're searching for a loan. Look out for promotions such as 0% APR for a certain period of time, or discounts on the total cost of the loan. These offers can be a great way to save money on your car finance.

Step 4: Read the Small Print

Before you sign up for any car finance in Leicester, make sure you read the small print. All car finance providers will have different terms and conditions, so it's important to understand what you're signing up for. Pay particular attention to any early repayment fees, as these can add up if you decide to pay off your loan early.

Step 5: Get Advice

If you're still unsure about which car finance provider to choose, it's worth getting advice from a financial advisor. They can help you compare different loans and explain any terms and conditions that you don't understand. They can also provide advice on how to manage your finances and budget for car finance in Leicester.

Finding car finance in Leicester can be a daunting task, but with a bit of research and some careful consideration, you can find the right loan for you. Make sure you compare interest rates, look out for special offers, read the small print, and get advice from a financial advisor if you need it.



Refused Car Finance in Leicester

Are you looking to purchase a car in Leicester but have been refused car finance? Don't worry, you're not alone. Many people in Leicester have been refused car finance due to a variety of reasons. This article will provide you with some tips on how to get approved for car finance in Leicester.

Check Your Credit History

The first step you should take when looking for car finance in Leicester is to check your credit history. Your credit history is a record of your past financial transactions and is used by lenders to assess your creditworthiness. If you have a poor credit history, you may be refused car finance. Therefore, it is important to ensure that your credit history is up to date and accurate before applying for car finance.

Shop Around

Once you have checked your credit history, it is important to shop around for the best deals on car finance. Different lenders offer different interest rates and repayment terms, so it is important to compare different offers to find the best deal for you. You should also consider the reputation of the lender and their customer service record.

Negotiate

Once you have found a lender that you are happy with, it is important to negotiate the best deal possible. You can do this by offering to make a larger down payment or by offering to pay a higher interest rate. You can also negotiate for a longer repayment period, which will reduce your monthly payments.

Consider a Secured Loan

If you have been refused car finance due to a poor credit history, you may be able to get approved for a secured loan. This type of loan requires you to put up some form of collateral, such as your home or car, as security for the loan. This reduces the risk for the lender and can help you get approved for car finance.

Final Thoughts

Getting approved for car finance in Leicester can be a challenge, but it is not impossible. By following the tips outlined above, you should be able to find the right lender and get approved for car finance. Good luck!

CHOOSE YOUR CAR FIRST

Choose one of our cars designed for poor credit customers below and then you will be asked to apply online

CHOOSE YOUR CAR

Choose a car designed for poor credit customers from our stock below.

APPLY FOR FINANCE

Apply with us for finance on this car and get approved

SIGN THE DOCUMENTS

 After approval sign the documents from the lender and you are done.

PICKUP OR DELIVERED

There’s no need to leave home to get your car. Just choose a convenient delivery slot, and it can be delivered to your door.

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Representative Example


Cash Price

£7500.00
Deposit

£0.00
Representative
APR

27.4%
Loan Term

48 Months
Total Charge For Credit

£4923.36
Total Amount Repayable

£12,423.26
48 Monthly Repayments

£258.82
  Arrangement Fee

£0

LOOKING OUT FOR YOU


"Responsible Lending" Pros and Cons of Borrowing Money


Financing a car is a big responsibility. In order for us to help you, you have to help yourself. We ask you to please look into the costs, financial terms, and options you have before making the decision to finance. Ask yourself if you know the following:

  • What will I be paying back? Remember to include interest and fees.
  • What is the Finance APR? The higher this is, the more you'll pay.
  • How long will I be repaying for? The longer the loan, the more you'll pay.
  • What is my credit rating? The higher it is, the lower the interest rate.
Ask yourself, given all of the above, can you afford the car you are looking at. If so, great! Apply for your finance now. If not, perhaps it time to reevaluate the car you are looking at.  We also have a whole heap of car finance related articles you can look through which can help you out if you have any questions.