Car refinancing
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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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Your Step-by-Step Buying Guide
1
Get a Free Quote
2
Choose Your Car
3
Sign Your eDocs
4
Collect Your New Car!
What is Car refinancing?
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 refinancing involves replacing an existing car loan with a new loan, typically to secure more favorable terms such as lower interest rates, longer loan terms, or reduced monthly payments.
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 refinancing?
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 refinancing?
-Car refinancing involves replacing an existing car loan with a new loan, typically to secure more favorable terms such as lower interest rates, longer loan terms, or reduced monthly payments.
How does car refinancing work?
-With car refinancing, borrowers apply for a new loan to pay off the existing car loan, effectively transferring the debt to a new lender with potentially more favorable terms. The new loan terms may include lower interest rates, longer loan terms, or reduced monthly payments.
What are the benefits of car refinancing?
-Benefits of car refinancing include potential cost savings through lower interest rates or reduced monthly payments, improved cash flow, and the opportunity to adjust loan terms to better suit the borrower's financial situation.
What are the drawbacks of car refinancing?
-Drawbacks of car refinancing may include fees or charges associated with closing out the existing loan and initiating a new one, potential impact on credit scores, and the risk of extending the overall repayment period, resulting in higher total interest costs.
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.