Guaranteed Car Finance
What does "guaranteed car finance" mean from Car Loan 4U’s point of view?
The term - guaranteed car finance - is in relation to the product and not the potential for approval. We do look at individual circumstances and match our applicants with our extensive panel of lenders.
We strongly believe that an ethical lender will not approve every car finance application due to the risk of default. Car Loan 4U do not support the concept of 100% guaranteed car finance approval – such a claim cannot be supported ethically or legally. In contrast, Car Loan 4U are proud to be authorised and regulated by the Financial Services Authority, and we are licensed by the Office of Fair Trading under the Consumer Credit Act 1974. We will therefore act fairly and ethically under the existing finance legislation.
Having said the above, Car Loan 4U can provide the following service guarantees:
* Simple, hassle-free and quick application process that can be conducted either online or via the telephone
* Our friendly Team manage applications of all circumstances from good to bad credit history. With one application, our qualified underwriters will find the right lender for your financial circumstances.
* Car Loan 4U will find the best car finance deal from our large panel of lenders
* No deposit required if approved
* We do not charge admin fees
* Car Loan 4U will aim to give you a decision within the hour (and if successful, confirmation of your credit limit)
* If you are accepted, you will be assigned to a Personal Advisor who will explain in more detail the approval process and next steps
* If approved, you have the full flexibility of choosing any car from any dealer (or you may wish to consider using our recommended dealers list - http://www.carloan4u.co.uk/recommended-dealers.html )
* If approved, when you have found a suitable car, we will check the car free of charge
* If approved, when you have selected your car and returned to Car Loan 4U the signed documentation, we will send the funds directly to the dealer of your choice. Once the funds are cleared, the car is yours. On average, you could be driving the car between 1 to 3 days.
What personal circumstances may prevent an applicant from being approved for car finance?
Car Loan 4U acknowledges that not every customer has the same credit score. In fact many people have experienced problems in the past with their low credit rating and this has had an impact on them when looking to buy a new or used vehicle with guaranteed car finance.
Unfortunately there are a number of factors that could affect the lender's decision making process when applying for car finance.
As a reputable and well respected car finance provider we always lend responsibly. For example if you're not on the electoral register, you've been at your current address for a very short period of time or you're very new in your job, it could have an impact on the car loan application decision.
Do you need guaranteed car finance?
Whether you're buying your first used car or wish to trade in your current model for a brand new car, Car Loan 4U can help you arrange the right car finance for your circumstances.
It's not cheap to buy a good reliable new or used car, which is why many people choose to purchase their car with car credit. Car Loan 4U's friendly car finance service is free of charge and we have helped thousands of happy customers from right across the United Kingdom to buy the car of their dreams!
Our services are available to everyone, even if you have had previous problems getting a car loan in the past and have been refused car credit - we can usually help you.
Once you have applied online, we always aim to make a quick decision, so you may be able to get behind the steering wheel of your new or used car a lot quicker than you think.
Why should I come to Car Loan 4U for guaranteed car finance?
There are many reasons why you should come to Car Loan 4U for car finance, not least the speed of our decisions in approving applications for car loans.
Give us your details online or by telephone and one of our underwriting team will get back to you within one to 12 hours to let you know if your request has been successful.
You may have had problems with getting car loans in the past, perhaps you have been refused car credit, however that should not stop you from coming to us. Our dedication to guaranteed car finance means that even if you have a low credit score or county court judgements, we may still be able to provide you with competitively-priced finance.
Whatever your circumstances, we consider every application and as 90 per cent of our customers are accepted, you may find us to be the perfect company when it comes to getting guaranteed car finance.
From here, your personal car loan advisor will give you a credit limit and unlike other guaranteed car finance providers, once you have been approved for a loan you are free to spend your money on whatever car you like from any UK dealership.
And as we have helped our customers get everything from Minis to top-of-the-range sports cars, guaranteed car finance from us may mean that you are able to get the vehicle of your dreams.
Guaranteed car finance at an affordable price
We strive to make our guaranteed finance as affordable as possible and interest on our car loans starts from just 7.9 per cent APR.
You can borrow anything between £3,000 and £50,000 when coming to us for car finance and as we work with more than 50 lenders, you should be able to find something which suits your budget.
And as our guaranteed car finance deals can be paid over a period of 18 months to five years, you should find that there is plenty of flexibility when it comes to repayments.
If you want to get a firm grasp of how much your guaranteed car finance deal will cost before your application, why not use our car loan calculator? In doing so, you can set parameters such as the overall amount borrowed and over what time period to figure out exactly how much you will need to pay back.
You could find that your monthly repayments fall depending on the deposit made. However, you do not need to make an initial downpayment in order to get guaranteed car finance from us.
We strive to provide flexible guaranteed car finance at an affordable price.
Come to Car Loan 4U for a guaranteed service in car finance
By coming to us, you can be sure of getting a great deal on guaranteed car finance.
However, if you're looking for additional peace of mind you will be glad to know we are a member of the Consumer Credit Trade Association, so you can be confident that you will be dealing with a reputable company.
Please note that the article above is an example intended to give you an indication of how you may expect to pay for your loan. Due to the many factors involved in car finance companies making their decisions, we can't guarantee being able to obtain a car loans for you. Our staff will always try to obtain the best finance deal for you based on all of your circumstances.