By completing a quick online application, you can get matched with lenders who cater to your specific needs, whether you’re purchasing a new or used vehicle.
Car Finance Saver streamlines the process so you can compare and secure the ideal finance deal quickly and start driving around Devon with ease.
What is negative equity in car finance?
Negative equity occurs when the amount you owe on your car finance exceeds the car’s current market value. This can happen if the car depreciates faster than you repay the loan.
While this situation can limit your options if you want to sell or trade in the car, Car Finance Saver can help you explore refinancing or other options to manage negative equity effectively.
Can I get pre-approved for car finance in Devon?
Yes, getting pre-approved for car finance is possible. Pre-approval gives you an idea of how much you can borrow and can speed up the process when you’re ready to buy a car.
By using Car Finance Saver’s application process, you can see if you’re eligible for pre-approval from a range of trusted lenders, making it easier to plan your next car purchase.
How does car refinancing work in Devon?
Car refinancing involves replacing your current car loan with a new one, typically with better terms such as lower interest rates or reduced monthly payments.
Refinancing can be a smart option if your financial situation has improved since you took out the original loan or if interest rates have dropped. Car Finance Saver can help you explore refinancing options to find the most beneficial terms available.
Can I finance a car if I’m self-employed?
Yes, you can finance a car even if you’re self-employed. Many lenders consider self-employed finance, though you may need to provide additional documentation, such as proof of income, tax returns, or business financial statements.
Car Finance Saver partners with Monevo to connect you with lenders who offer car finance options tailored to self-employed individuals in Devon.
What happens if I can’t make my car finance payments?
If you’re struggling to make your car finance payments, the lender may repossess the vehicle, which could negatively impact your credit score. It’s important to contact your lender as soon as possible to discuss your options, which may include adjusting the payment terms.