Car finance eligibility
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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 Car finance eligibility?
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.
Car finance eligibility refers to the criteria that lenders use to assess whether an individual qualifies for car finance, considering factors such as credit history, income, employment status, and residency.
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 Car finance eligibility?
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 car finance eligibility?
-Car finance eligibility refers to the criteria that lenders use to assess whether an individual qualifies for car finance, considering factors such as credit history, income, employment status, and residency.
How is car finance eligibility determined?
-Car finance eligibility is typically determined based on factors such as credit score, income stability, employment status, residency, and affordability assessments, with lenders using these criteria to evaluate the risk of lending to an individual.
What are the requirements for car finance eligibility?
-Requirements for car finance eligibility may vary depending on the lender and the specific financing program, but commonly include factors such as a minimum credit score, proof of income, employment history, and residency documentation.
How can I improve my car finance eligibility?
-To improve your car finance eligibility, you can work on building a positive credit history, maintaining stable employment and income, saving for a down payment, and reducing existing debt obligations to improve your debt-to-income ratio.
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.