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car on finance when someone dies

Car on finance is a procedure in which you borrow money and then return it over time (read more).  During this time, anything unexpected could happen, including a death of the borrower. What would happen in this case? Would the loan be forgiven or will the kin have to pay it instead?

Of course, the payment to the lender stops when a person dies. In such a case, the lender has the right to repossess the car. It is important to inform the lender about the death of the person so that arrangements can be made about whether the vehicle has to be returned to a lender or if the payments will be paid to the lender in future. This depends on the person who inherits rest of the property of the deceased. Whether the person can afford the car payments and wants the particular car all contributes to the decision.If there is a will, [...]

UK government targets diesels for restrictions

The government of UK has started to work on improving the air quality by reducing air pollution. Also, it is no news that diesel combustion is a source of air pollution and contributes to a large part of Nitrogen Dioxide levels in the air. The aim of the government is to minimize this level of Nitrogen dioxide since it is a cause of various respiratory diseases like asthma. Nitrogen dioxide’s high levels also cause a sore throat, sore eyes and other issues, especially among the older people. Therefore, not just manufacture of diesel cars is being stopped but the currently existing diesel cars on the road that are owned and used by people are also being ditched in order to make sure that health is prioritized.

In order to make it easier for people to give up on diesel cars, the government is providing discounts and incentives. There is as [...]

How safe is buying a car on finance

If you have made the exciting decision to purchase a new vehicle, you are probably looking into all the available options. Do I buy with cash? Should I go with car finance instead? These are questions that are probably going through your mind at the moment.

Don’t worry, anyone who has ever purchased a vehicle was faced with a similar dilemma. Although, car buying can be an exciting and fun experience, it can also be stressful and frustrating. Nobody wants it to be the latter, which is why we want to help people make the experience as hassle-free as possible.

One of the questions that we encounter a lot, when it comes to car finance is “How safe is buying a car on finance?”

It’s a reasonable question that not many people have the answer for, especially if they haven’t gone through the whole process ever before.

So, how safe is car finance exactly? Well, [...]
What Happens if I Miss Car Payments?

Taking out any form of finance is a very serious commitment. It can be extremely rewarding if done right, but it can also have serious consequences if not done properly. Many people make the mistake of rushing into things before giving them much thought. Although the idea of car finance may seem appealing to you, unless your budget allows for a new car, perhaps you should put the idea on hold.

As many of you probably know when you buy a car on finance, you are required to make regular payments to pay off your debt. These typically occur on a monthly basis, and depend entirely on how much you have borrowed and how long for. It’s crucial that you make regular payments on your loan, as skipping them can lead to serious consequences.

If you miss a payment your vehicle will be repossessed and your credit score will suffer. Since your [...]

 

Car finance has become highly popular in the UK car market. People now find financing easier than a full payment while buying a car. With a growing demand in the market, finance companies stipulated further growth by providing incentives to car buyers. Focusing on two recent posts regarding the automotive finance industry, we will discuss the content of the posts briefly.

The first post written in August 2016 by Alex Golledge, Tim Pike and Phil Eckersley, talks about the speedy growth of the car finance industry. It talks about how the automotive industry of UK is creating more incentives for the buyers. The manufacturers have stepped into the car finance market to protect consumers from faulty car credit companies. Private car registrations rose when the car manufacturers in the UK decided to finance new car purchases. This was more preferred than taking loans from banks which were lengthy and expensive. [...]

Although car loans are quite popular around the globe, many potential lenders are still unfamiliar with the many elements that the process involves. Some are scared to approach it, whist others find it easier to embrace it and come one step close to owning their dream car.

A question that comes up a lot when talking about car finance is “Are car loans good for my credit score?” The short answer is yes; however, it all depends on how you go about it.

Whilst taking out any form of finance can potentially be very risky, making regular payments and working towards paying off your debt can have a very positive impact on your score. On the other hand, not paying of your debt and missing payments can be disastrous and have a negative effect on your credit score.

Any form of loan can be potentially dangerous when it comes to your [...]

People interested in purchasing a new car often wonder which vehicles they can buy on finance. The answer is quite simple; you can purchase any car on finance as long as your personal circumstances allow for it. Most people, even those with bad credit, are eligible for car finance. This means that virtually anyone can purchase any car of their choice.

The car finance industry has changed a lot since it first emerged. More options have become available, giving car buyers more freedom in the process. Although there are many rules that still apply when you’re buying a new car, the process itself is quite straightforward and simple.

Depending on your circumstances, you may be eligible to purchase any car you want. If your credit score is excellent you’ll have a lot more options. If your credit is quite poor, you will still likely be considered; however, your options could be limited.

Anyone looking to [...]

Credit score

Although the car finance industry has come a long way since its early days, there are things that haven’t changed. More options are available now than ever before for people with poor credit; however, they do come with certain limitations. For example, you can’t expect to finance an expensive sports car if your credit score is extremely bad. Knowing whether to start improving your credit or apply for finance straightaway can be very beneficial.

We often get asked whether improving your credit score before applying for finance has any benefits to it. If you want the short answer then yes; however, other factors also come into play.

Since each individual case is quite different, each person will have different needs and requirements. If you need to purchase a car now and your credit is poor, you may not have the luxury of waiting for your credit to improve. If on the other hand, you’re not [...]

Although we all try our hardest, there is no escaping the fact that sometimes the unexpected happens. If you found yourself with a bad credit score, you are probably under the impression that you’re not eligible for car finance. This is a common misconception that many people have been deceived to believe; however, we’re glad to say that it’s false.

Bad credit car loans have experienced a rise in popularity in the recent years. Although they remain largely unexplored by many car buyers, they are certainly out there waiting to be discovered.

You probably think that buying a car with bad finance is a laborious task that requires a lot of work and effort. This couldn’t be further from truth, as buying a car with poor credit is no different to buying one with an excellent credit score.

The process is actually quite simple, and it doesn’t require any extra work on your part.

If [...]

Vauxhall Corsa 2018The 2018 Vauxhall Corsa has just been spotted out testing for the first time, giving us a glimpse at the car scheduled to launch in about two years.

Although the Corsa has made its debut less than two years ago, the development of its successor appear to be in full swing at the moment.

Vauxhall hasn’t revealed much about the car just yet, but we know that it’s scheduled to launch as early as 2018. Find out more at: autocar

The supermini sector is amongst the most popular at the moment, so it’s no wonder that the brand is choosing to focus its attention on it.

The Vauxhall Corsa has always been popular with buyers so by focusing its attention on the model, the brand has the potential of appealing to more people.

Although we [...]

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