Whether you’re after a new car or want to upgrade your current one, Car Finance Saver ensures you can compare and find the best finance deal quickly and easily.
What documents do I need to apply for car finance in Dorset?
To apply for car finance in Dorset, you will typically need to provide proof of identity (such as a passport or driving licence), proof of address (like a recent utility bill), and proof of income (such as payslips or bank statements).
Lenders use this information to verify your financial status and assess your eligibility for a loan. Make sure you have all these documents ready to speed up the process.
Can I get car finance for a private car sale in Dorset?
Yes, it is possible to get car finance for a private car sale in Dorset. The process is similar to financing a car through a dealership, though some lenders may have specific requirements.
Car Finance Saver’s collaboration with Monevo allows you to compare options from multiple lenders, making it easier to find a deal that suits you.
What is a balloon payment in car finance?
A balloon payment is a lump sum that you may be required to pay at the end of a finance agreement, particularly in Personal Contract Purchase (PCP) deals.
This payment represents the remaining value of the car after you’ve made your regular monthly payments. With Car Finance Saver, you can explore different finance options that may or may not include a balloon payment, depending on your preferences.
Can I make extra payments on my car finance?
Yes, some lenders allow you to make extra payments towards your car finance to reduce the overall balance or shorten the loan term. However, it’s important to check with your lender, as some agreements may include fees for early repayment.
Car Finance Saver and Monevo can help you find lenders with flexible payment options, giving you greater control over your finances.
How can I improve my chances of getting car finance in Dorset?
Improving your credit score, providing accurate and complete information, and ensuring that you have a stable income are key factors that can increase your chances of getting car finance. Lenders typically assess your financial situation, credit history, and affordability.