I,ve been told that typically if your just starting out with credit, for an installment loan, most lenders would like to see at least 1 yr to 1 yr and 6 mths solid credit history
its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.
The maximum age of a car that you can typically finance is around 10 years old, but this can vary depending on the lender and your credit history.
No, you do not need a credit card to finance a car. Auto financing typically involves a loan from a bank or financial institution, which is separate from a credit card. Your credit history and score will be important factors in securing a car loan, but a credit card is not required for this process.
Hi i think you will struggle to buy from a main dealer if you have bad credit, i had bad credit and needed a newer car, i ended up buying a newer car from rightdrive as they offered me car finance even though i had tried almost every where else.
Hi I used to work in Creditplus car finance last year. They are guaranteed car finance even if you got bad credit history and their car loans were low rates. I think their web site is http://www.creditplus.co.uk Wish my answer will help. Thanks
You can get another car financed with the same company if they will extend you credit. If you have your loan paid down and a good credit history with them, they will more than likely lend you more money.
Yes, you can finance a private sale car by obtaining a loan from a bank, credit union, or online lender. The lender will typically require information about the car, such as its make, model, and mileage, as well as your credit history and income to determine the loan terms.
No, you do not have to have good credit to finance a car. There are many companies out there for those with bad credit.
simple www.RIGHTDRIVE.co.uk - Guaranteed car finance
Definitely you can finance a used car with no or bad credit. Actually it is very easy these days. The reason is most of the used car dealers and used car finance offer it because your used car is a collateral until you pay off the loan.
Sometimes you can still finance a car from a dealer with poor credit but with a higher interest rate. There are also independent car lots that will finance a car for you. The only drawbacks from an independent car lot is they usually charge more interest and down payment.
If you have bad credit, there are still many places where you might acquire a car loan. These include sites such as Bad Car Credit, Fowlers Finance and Right Drive. Comparison site Money Supermarket also allows people who have been refused credit or with bad credit history to find car finance products, such as loans and has a search feature tailored to this purpose. Furthermore, it may be worth contacting a financial advisor at your bank to realise how you might improve your credit.