Car Finance Dudley

Are you searching for Car Finance Dudley? If so, you may be overwhelmed by the number of finance deals available to you.

Is it best to go through a car dealership or a bank? Well, why not look at both! Bank interest rates may be lower but they will be set, a car dealership rates may be higher but they could be negotiable, so you could play the two off against each other and try and a great deal.

When searching for Car Finance Dudley, do your research, make sure you are buying from a reputable car dealership. There are many dodgy ones out there to avoid, so ask friend and family for recommendations of who they have used, or search online for the reviews that have been left.

Once you have found somewhere in Dudley to finance your car, you need to check you are getting a good deal on the finance and the APR, an average APR starts at about 3% or 4 %, the rate you get will depend on your credit rating and how hard the dealership works for you to get you a decent, low rate.

When you are looking for car Finance in Dudley, some people may put you off financing a car, they will tell you that a car will depreciate as soon as you drive off the forecourt, which in parts is true (New cars most certainly depreciate instantly) but with a used car if you have negotiated a good deal, you shouldn’t lose out too much. Also, not everyone will have the money to buy the car outright so financing a car is their only option.

Car finance is a good way to build up and improve your credit rating, providing you make your payments on time and in full you can build your payment history, ensuring that next time you finance a car you may get an even better rate than this time.