Post by troycuthers on Jul 6, 2019 21:08:18 GMT -5
Car finance is often easier to successfully apply for than a standard bank loan. Many people who have bad credit problems are still able to get a car loan and if you are unable to buy a car in any other way then yes car credit could change your life. Becoming more mobile could enable you to apply for better jobs further afield, for example.
Another key benefit of opting for car credit to buy your new motor is that whatever APR you get, it will often be fixed for the length of the loan term. This takes away the worry of wondering how high your repayments could go if interest rates go up, as you will be unaffected. It means you can have more confidence in taking out this kind of loan than another loan which doesn't have a fixed repayment amount each month.