What can you do when you’ve been refused car finance before, but desperate for a new car? The good news is there are options. With refused car finance (link) you can get financial assistance for buying a car even if other companies have refused you. This means you can take back control of your future and get the car you need for your daily commute or to take car of your family. This is a great option if your credit history is nothing to be proud of or if you made some silly mistakes in the past that are still holding you back financially.
How Refused Car Finance Works?
First you’ll need to apply online and there’s an easy online form to make it all quick and paperless. There are a number of different levels of finance and types of finance depending on your credit history. Once you apply online, it will be clearer what is available to you.
Once you’ve been accepted:
You can then choose your car. Now this is the most important step of the process. Depending on your credit history, the amount of money you have for a deposit and a few other factors, you’ll be given a loan amount. It’s really important that you ensure the loan you take is something that feels realistic for you to pay back. Try to spend a few weeks saving the amount you intend to make as your monthly loan repayment to see how you cope without it. If everything goes fine, then you can get excited. Personally there are few things more exciting for me than buying something like a new car. Not only can cars be an item of pleasure, they’re also practical and can enrich your life, increasing your mobility, freedom and security.
Once you’ve found your car, signed the paperwork… it’s time to drive away. Enjoy your new car and appreciate that even if you have bad credit, a refused car finance loan is a great option to not only get a new car, but also to start working on correcting your credit rating.