Research all the car credit options available to you but do not make multiple loan applications. These will be reflected in your credit report and may make it seem that you are desperate for a loan which may make potential lenders wary.
Getting a loan through Loan Docotr is usually quick and easy since we know the finance companies well and know how applications are evaluated. He will be able to guide you on how to apply and the pitfalls to avoid.
Be realistic in planning your purchase and monthly installment budget. It is tempting to go in for a great sounding offer that will allow you to buy a car you never thought you could afford. But the bottom line to use for evaluating any car credit offer is how much you will be paying every month and how much is towards the car and how much is interest in the loan.
Prepare a budget you are comfortable with. Do not fall into the trap of availing of higher car credit in the expectation of increased income in the future. Base your planning on what is, not what will be. At the same time, remember that taking car credit for the maximum time possible may reduce your monthly payments, but the longer duration of the loan will increase the amount you will be paying in interest.
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.
Keep accurate records of everything - your down payment, all extra expenditures like insurance, registrations and so on, your monthly installments etc. In case of any disputes with the finance company, you have all the information you need with you.
It might be tempting to hand over your hard earned cash to purchase that vehicle. After all, having no monthly payments is one less thing to worry about. However, car finance options can offer more than simply getting you onto some wheels. Spreading payments out over time can allow you to keep a little money in the bank as a cushion should you meet an unexpected expense.
It can also assist you in helping to build credit, which is done when creditors see that you have been able to properly manage an installment loan. Car financing in London can also help you get into the car of your dreams, meaning you'll be more likely to keep it longer and less likely to spend more at the auto lot in the near future. At Loan Doctor we can answer all of your questions and get you the financing that is right for you.