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At Helpfulcarfinance.com there are many finance options available to you when arranging funding. For years customers have always lent toward Hire Purchase, this is still a cost effective way of purchasing your new car and owning it at the end, but this is not only the option available to you, you could take advantage of PCP Personal Contact Purchase or Personal Loan, for more information on all these products see below.
Hire purchase is an affordable way of purchasing your next car, the term of the agreement can be between 12 to 60 months and is fixed payment for the time of the loan see pros and cons below.
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Personal Contract Purchase (PCP) is an affordable way of purchasing your next car, the term of the agreement can be between 12 to 48 months and is fixed monthly payment for the time of the loan see pros and cons below.
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Personal loan is an affordable way of purchasing your next car, the term of the agreement can be between 12 to 60 months and is fixed payment for the time of the loan, this product is mainly used if you have negative equity carried forward from your old car, see pros and cons below.
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Guarantor loans are mainly used when someone is applying for finance for the first time, and doesn't have much credit history. The loan will be in the purchasers name but a next of kin, Mum or Dad will guarantee the loan, this means if for any reason the loan is not paid the guarantor will be liable for the loan, you must remember that if any payments are missed it will not only affect the purchasers credit file but also the guarantors too. This is a great way of getting your son or daughter a credit file.
This is just a brief overview of the types of vehicle finance available and should help you feel a bit more informed about your options. No matter what type of finance you choose, remember that:
Use our online form to get approved, it will take no longer than 3 minutes.
Once approved, buy your car from our approved dealer scheme
Sign the paperwork, collect your car and enjoy!