Purchasing a car is second in expense only to a house. Whether you’re looking for a brand new, nearly-new, or respectably used car, it’s likely that you’ll end up spending a significant portion of your hard-earned cash on the vehicle. That’s why finding the right car finance is a vital step in the search. What's more, knowing how to compare car finance deals will help too. This is because with the right deal, you’ll be able to budget for the vehicle, and know when and how much you need to pay out.
But with so many car finance providers out there, it can be incredibly overwhelming knowing where to begin your search. Not least because traditional methods of car finance – that is, getting a deal via the dealership from which you’re purchasing the car – is often still a viable form of securing car finance.
Car finance: online or dealership?
Traditionally when buying a car, buyers would turn to the dealerships from which they were planning to purchase the vehicle for their car finance. With the increased digitisation of products and retail, however, customers have become savvier towards alternatives. In addition, customers are more aware of the disadvantages this poses for getting the best deals.
Where dealerships only have a few lenders to go to, they may be limited by what deal they can offer you. What’s more, they may also struggle to find you finance if you have a less than perfect credit profile.
With the boom in online car finance comparison websites, however, you get more choice and flexibility when you compare car finance providers. With deals from lots of different lenders being compared, you’re more likely to get a great deal, no matter what your credit score.
The fallout of the pandemic also makes online car finance comparison far more attractive. You no longer need to travel in person to visit different dealerships and compare various car finance options. Instead, you just need a connection to the internet and a device in order to search for your best choice. So not only is it less time-consuming and more flexible, it’s also a safer all-round experience.
How to compare car finance deals
Comparing car finance online is one step forward for customers. But online car finance brokers can make things even easier. Comparing car finance deals through a dedicated broker saves customers time, money, and hassle. More over, it allows you to take back the wheel and find a deal that suits your needs and requirements. It also means you can consider the deal you’ve been offered without any pressure, from the comfort of your own home.
This is where My Car Credit helps customers across the UK. We are consistently told by customers that our online car finance calculator makes the process of comparing car finance options more streamlined. It’s designed to help you, so is super speedy and straightforward – our goal is to get you a deal that suits you, with no pressure and no obligation to go ahead.
Using our car finance calculator, you input the car loan amount for which you’re looking, and your preferred repayment term. From there, we’ll ask you for some personal information, like your email address and employment details. Next, we’ll perform a soft search credit check, but this won’t affect your score. Finally, our complex algorithm matches your unique circumstances and needs with the right product and lender for you.
We have the largest panel of car finance lenders out of any broker, so you have the best platform possible from which to conduct your search. It also means that you’re more likely to be accepted for car finance, as you know your parameters from the get-go. We also won’t suddenly change the terms of the deal – so long as you give us all the right information when you apply, the rate you see is the rate you get.
Check for car finance deals today
Comparing car finance has never been easier, thanks to My Car Credit. Our online application system can find the best car finance deal from our panel of lenders in minutes. And if you have any questions, or simply prefer to speak to a human, our friendly team of car credit specialists can guide you through the process, easing any concerns you may have and addressing queries. Call us on 01246 458 810 to find out more.
Rates from 6.9% APR. Representative APR 13.9%
Evolution Funding Ltd T/A My Car Credit
Require more help?
Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!