Win a Mystery Prize! New month New GiveAway: Pick a Car

Its the start of a new month so lets kick it off with a Mystery prize GiveAway! All you have to do to enter is pick a car from the selection in the picture. One of these cars has the Mystery Prize inside. If you select the correct letter, you will be shortlisted into winning this months prize!

For a Greater chance of winning; enter four times to get four entrants! Yes; there are 4 ways you can enter this competition! So get 4 chances of winning when doing all of the below:

Entry Method #1 The Giveaway Landing Page: (On this page)
– Your entry will be confirmed by simply commenting in the comments box below.

Entry Method #2 On Facebook:
https://www.facebook.com/carfinancedealscom/
– Follow the instructions on our Facebook post.

Entry Method #3 On Instagram:
https://www.instagram.com/carfinancedeals/
– Follow the Instructions on our Instagram post.

Entry Method #4 On Twitter:
https://twitter.com/carfinance_uk/
– Follow the Instructions on the Tweet.

Competition closes Monday 18th March. The winner will be contacted via E-Mail or the relevant social media channel.

Good Luck Everyone and be sure to tell your friends!

Team Car Finance Deals
www.carfinancedeals.com

Buying a Car through Personal Contract Purchase: PCP Explained

PCP is a common method of finance for consumers wishing to change their vehicle between 2 and 4 years. PCP offers flexibility and low monthly instalments; although these don’t cover the full cost of the car.

What is Personal Contract Purchase?
PCP is in its rawest terms; is a loan to help you get your new vehicle. But unlike a personal loan, you won’t pay off the full value of the car and you will not own it at the end of the deal – unless you decide to.

PCP is one of the more complex financial products available to help you buy a vehicle, but it can be broken down into three parts:

The deposit.
Typically around 10% of the cars value. The larger the deposit, the less you’ll have to borrow and lead to lower monthly payments.

Monthly payments.
The amount you will have to borrow is based on how much the finance company predicts the car will lose in value over the term of the deal minus the deposit you have put down. You’ll pay this amount off during the deal, plus interest. So you are not paying off the full value of the car.

Final payment.
At the end you can return the car, or make the final balloon payment and own the car outright. 

How does Personal Contract Purchase work?
Here is an example of how your deal could look. Let’s imagine you sign up for a PCP over three years to buy a car with a ticket price of £18,000. You put down a deposit of £2,000 and the finance company calculates that the car will be worth at least £8,000 after three years:

To ‘borrow’ the car you pay:
Deposit: £2,000
Loan: £8,000 (£10,000-£2,000) plus interest

Total: £10,000 plus interest

To buy the car you pay:
Deposit: £2,000
Loan: £8,000 (£10,000-£2,000) plus interest
Balloon payment: £8,000
Total: £18,000 plus interest

When you are ready to buy a vehicle; apply online with us here at Car Finance Deals. We will then pass your application over to the lenders and choose the best deal we can tailored for you. Once approved; you can decide over how many years you want to repay the loan and whether you want (or need) to pay a deposit. Then the fun part; selecting your vehicle. You can choose from thousands of vehicles in the UK or we can help select a vehicle for you.

Click on the following link to apply: https://www.carfinancedeals.com/apply

What happens when you get to view the vehicle?
This is the best part. Travel to the dealership and if you like what you see; drive it away! Because the paperwork has been done; all you need to do is decide if you want the vehicle or not! No hassle.

What is the difference between Personal Contract Purchase and a loan?
When taking out a loan; the car is yours as soon as you buy it. You obviously still need to pay the loan off, plus any interest. With PCP the car is not yours and will not be unless you decide to make a final lump sum payment at the end of the financial agreement.

What happens at the end of the PCP finance deal?
There is three options on how you can proceed at the end of the agreement:

Own the car outright by paying the balloon payment
End the agreement by handing the car back to the finance company
Part Exchange the vehicle for another car

Could i face any other charges at the end of the PCP finance deal?
You could face charges if you hand the car back through excess mileage charges or damage charges. Both are of course avoidable. At the start of the agreement you will advise how many miles you will do each year and if you go over the agreed limit the finance company will charge for this at the end.

Personal Contract Purchase Pros and Cons
Work out whether PCP is right for you

Pros
If you want to hand the car back or trade in for an all new model, as most PCP customers do, it’s a good option.
You get to drive a new car for lower monthly repayments than a personal loan or hire purchase.
A PCP agreement may let you buy a more expensive car than you might otherwise be able to afford with monthly payments to suit your budget
PCP is flexible. You have several options at the end of it; including the possibility to purchase the car if you like.

Cons
If you want to take ownership of the car at the end of the term, PCP will often prove more expensive than hire purchase finance deals.
You won’t own the car during the contract period and will only own it at the end if you pay the balloon payment.
Extra charges will be added at the end of the agreement if you go over the agreed set mileage or via damages that’s not down to normal wear and tear.

Buying a Car through Hire Purchase: HP Explained

Hire purchase is an easy finance option to understand. It is the most common method to finance a vehicle here at Car Finance Deals.

What is Hire Purchase?
Hire purchase (HP) is an arrangement where you hire the car or vehicle from a finance lender until you have paid for it in full. You would repay the lender a set amount each month and when the final payment is made; it’s yours to keep. No deposit is necessary however obviously;  any deposit will lower the monthly payments.

How does Hire Purchase work?
When you are ready to buy a vehicle; apply online with us here at Car Finance Deals. We will then pass your application over to the lenders and choose the best deal we can tailored for you. Once approved; you can decide over how many years you want to repay the loan and whether you want (or need) to pay a deposit. Then the fun part; selecting your vehicle. You can choose from thousands of vehicles in the UK or we can help select a vehicle for you.

Click on the following link to apply: https://www.carfinancedeals.com/apply

What happens when you get to view the vehicle?
This is the best part. Travel to the dealership and if you like what you see; drive it away! Because the paperwork has been done; all you need to do is decide if you want the vehicle or not! No hassle.

What is the difference between Hire Purchase and a loan?
When taking out a loan; the car is yours as soon as you buy it. You obviously still need to pay the loan off, plus any interest. With Hire Purchase the car is not yours until you have made the final payment, as the loan is secured against the value of the car.

What happens at the end of the HP finance deal?
You will become the owner of the vehicle and it will be yours to do what you like with.

What happens if i miss a payment?
If you miss a payment your car or vehicle could be repossessed. It would be worth checking how missed payments are dealt with before you sign up to your finance agreement. Also; missing any credit payment may affect your credit score.

Can my car really be repossessed if i miss a payment?
You are effectively breaking an agreement so you are at risk yes. How easily this could happen can depend on how much of the outstanding balance is left to pay on the finance agreement. For more information please check the Competition and Consumer Protection Commission website.

How do i get the best HP deal?
This is not straight forward as every agreement will suit different people depending on there financial circumstances. A deal taken out over a shorter time will more likely require higher monthly payments than a deal taken out over a longer period. There is of course the option to pay a deposit (of how much is usually decided by you) that would lower the monthly repayments also. Ultimately it will depend on what you feel comfortable in repaying each month.

Do remember you are applying for finance and presuming you are approved; you will be given the best rate that the finance lender will offer you. This is not a negotiation process. The offer is the set offer and the only way to improve the interest rates being given would be by improving your own credit score. For more information on improving your credit score, please check the Car Finance Deals guide by clicking here.

Hire Purchase Pros and Cons
Work out whether HP is right for you

Benefits
The car or vehicle is yours once you make the final payment.
In most cases, no deposit is necessary.
Convenient straightforward application process.
Fixed repayments and interest rates.
Payment and terms to meet your budget.
There is no financial lump sum to pay at the end of the agreement.

Risks
The loan is secured on the vehicle; so if you miss any payments the vehicle may be repossessed.

GiveAway Bonanza – Lot of Toys Games – Free Stuff Competition Prizes!

This month we have a bunch of Toys and Games to giveaway – all for one lucky winner!
So How do you enter?
All you need to do is leave a comment below telling us why you should win!

Entry Method #1 The Giveaway Landing Page: (On this page)
– Your entry will be confirmed by simply commenting in the comments box below.

For a Greater chance of winning; there are 3 ways you can enter this competition! So get 3 extra chances of winning for doing all of the below:

Entry Method #2 On Facebook:

https://www.facebook.com/carfinancedealscom/
– Follow the instructions on our Facebook post.

Entry Method #3 On Instagram:

https://www.instagram.com/carfinancedeals/– Follow the Instructions on our Instagram post.

Entry Method #4 On Twitter:

https://twitter.com/carfinance_uk/
– Follow the Instructions on the Tweet.

Competition closes Friday 15th February. The winner will be contacted via E-Mail or the relevant social media channel.

Good Luck Everyone and be sure to tell your friends!
oh – and for those of you that would like a new car 🙂 click here: https://www.carfinancedeals.com/apply

Car Finance Deals announces collaboration with Anytime Fitness

Manchester, 4th February, 2019 – CarFinanceDeals.com – the UK’s Most Loved Car Finance Broker has announced an agreement with Anytime Fitness. The rapidly expanding Car Finance brokerage is providing a member exclusive offer for all of its gym customers.  If any purchase a new vehicle via Car Finance Deals; they will receive £200 when the vehicle loan is paid out. There is also an offer for customer referrals also where this £200 can be split between gym member and the new customer. So; If you are looking to obtain finance to buy a used vehicle and are a member of Anytime Fitness be sure to take advantage of this market leading deal.

Stephen Staley, Director of Car Finance Deals, commented: “We are pleased to be associated with such a fast growing excelling brand. We too; are positioning ourselves for rapid growth and want to offer the best value to our customers in order to achieve this.  As soon as the customer has decided they want a new vehicle they can contact us and we will for no charge; locate the ideal car for them via our personal shopper service.  We work with hundreds of trusted dealerships across the UK so ultimately we make the whole car buying process as easy and as enjoyable as possible.”

For full details and T&C’s; please contact Car Finance Deals direct on 01618503729 or check your local Anytime Fitness members board.

About Car Finance Deals
Founded in 2018, based in Manchester, UK; Car Finance Deals was born with two immediate objectives; to make the vehicle buying process as easy as possible and to take the greatest of care in making its clients its number one priority.  Albeit a new business; the team has years of experience dealing in the motor sector; bringing together vital knowledge that will make Car Finance Deals unique in its operation. Car Finance Deals is setting new standards when it comes to accessing finance to buy a used car and prides itself on taking a modern approach to a motor industry that is desperate need for an upgrade.

About Anytime Fitness
Ranked #1 on Entrepreneur’s prestigious Top Global Franchise list, Anytime Fitness is the fastest growing gym franchise in the world, with over 3,000 gyms serving more than 2,600,000 members on five continents.  Open 24 hours a day, 365 days a year, Anytime Fitness prides itself on providing its members with convenient fitness options and friendly, personal service in well maintained facilities which feature top-quality exercise equipment.  With gyms in 24 countries and over 90 trading in the UK. All franchised gyms are individually owned and operated. Join one gym and use them all.

A New Vehicle and £100 Cash – Refer a friend from Car Finance Deals

Refer a friend and get £100 Cashback in the process; whats not to like!!

Introduce a friend or family member who would like to get a vehicle on finance; and the vehicle loan is paid out, we will pay £100 for your referral.

How it Works:
Call us on 0161 850 3729
The customer you introduce would need to speak to us advising whom the introducer is. Alternatively you could call with the customer you are introducing present.
At this point we would run through the application.
Once approved for finance; the Customer choses a vehicle from any reputable dealer in the UK or alternatively we can help find a suitable vehicle from our trusted dealerships.
We will then handle the paperwork & transfer the funds to the dealer.
When the loan is paid out we will pay you £100 direct into your account.

Hurray!

Best Regards
Team Car Finance Deals
Apply today >> https://www.carfinancedeals.com/apply

Mystery Gift GiveAway! Competition. Free to Enter!

It’s a New Year (Happy New Year!) and we are desperate to celebrate so we’ve chosen to do it in a way only we know; We are giving away a Mystery Gift!How do you enter you ask? All you need to do is leave a comment below telling us why you should win!

For a Greater chance of winning; there are 4 ways you can enter this competition! So get 4 chances of winning for doing all of the below:

Entry Method #1 The Giveaway Landing Page: (On this page)
– Your entry will be confirmed by simply commenting in the comments box below.

Entry Method #2 On Facebook:
https://www.facebook.com/carfinancedealscom/
– Follow the instructions on our Facebook post.

Entry Method #3 On Instagram:
https://www.instagram.com/carfinancedeals/
– Follow the Instructions on our Instagram post.

Entry Method #4 On Twitter:
https://twitter.com/carfinance_uk/
– Follow the Instructions on the Tweet.

Competition closes Monday 28th January. The winner will be contacted via E-Mail or the relevant social media channel.

Good Luck Everyone and be sure to tell your friends!
– oh and Happy New Year from all at www.carfinancedeals.com !!

Welcome to our Blog: More than just Car Finance

Welcome to our blog here at https://www.carfinancedeals.com/
and our very first post!

So thought it would be an ideal opportunity to tell you a little about ourselves…

We do our very best to make sure your experience buying a car is not only as easy as possible but as enjoyable as possible! We do everything we can to get you the best possible car finance package on the market that suits your needs and budget.

With over 14 years experience in the Motor Trade; we have built up a fantastic relationship with a great number of finance companies and car dealers throughout the country which results in the widest variety of options for you. We have brought the best technology to speed the whole evaluation process up. This means you can sit back whilst we do all the hard work leaving you with the exciting part of choosing your new car.

So how do you get started? Easy. Just apply here: https://www.carfinancedeals.com/apply

We also want to make this blog as fun as possible, so please engage with us, leave your comments and suggestions, we always welcome feedback and love to hear from our customers. You feedback can hopefully lead us to reaching our goal of becoming the UK’s most loved Car Finance broker 🙂

All the best and much Love

Ste & Vinny