Black box car finance
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We’re an introducer not a credit broker nor a lender. Rates from 8.9% APR. Representative APR 19.9%
Rates from 8.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. Rates from 8.9% APR. Representative 19.9% APR. Hire Purchase (HP) Example: Borrow £10,000 over 5 years with a £0 deposit. Representative APR 19.9% fixed rate. Monthly payment: £255.50. Total cost of credit: £5,329.80. Total amount repayable: £15,329.80.
Fast Easy Finance Ltd is an introducer not a credit broker nor a lender. We look to find you the best rate and will offer the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you're offered in any way.
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What is Black box car finance?
Car finance is a common alternative to purchasing your next car outright and involves an agreement with a lender to pay over an agreed time period.
Black box car finance, also known as telematics car finance, involves installing a 'black box' device in the vehicle to monitor driving behavior, potentially resulting in lower insurance premiums and better financing terms for safer drivers.
Your payments can depend upon what car you decide to purchase, how long you wish to purchase it over, whether you wish to own the car, and how much you wish to pay upfront.
Why Choose Black box car finance?
Here at Fast Easy Finance, we’re committed to transforming lives, quickly and with no hassle. With a dedication to excellence and a commitment to unparalleled customer satisfaction, here`s why you should choose us:
What is black box car finance?
-Black box car finance, also known as telematics car finance, involves installing a 'black box' device in the vehicle to monitor driving behavior, potentially resulting in lower insurance premiums and better financing terms for safer drivers.
How does black box car finance work?
-With black box car finance, lenders may offer better financing terms, such as lower interest rates or reduced deposit requirements, to borrowers who agree to have a telematics device installed in their vehicle to monitor driving habits.
What are the benefits of black box car finance?
-Benefits of black box car finance include potential cost savings on car insurance premiums for safer drivers, as well as better financing terms, such as lower interest rates or reduced deposit requirements.
What are the drawbacks of black box car finance?
-Drawbacks of black box car finance may include concerns about privacy or restrictions on driving behavior, as borrowers may feel uncomfortable with constant monitoring of their driving habits.
What are the different types of Car Finance?
We appreciate there are many different types of Car Finance products for you to choose from, and knowing which one meets your needs best is the key to happy financing. See a few of the different types below.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.
Personal Contract Purchase (PCP)
The loan is secured against the car, but you don't own the car when the loan term ends.
Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.