Compare Motor Finance

Choosing Motor Finance

When it comes to choosing motor finance your main goal is to find the best loan that is going to suit your needs. You need to factor in things like interest rates, term of loan and what you’re actual repayment budget is. You’ll also need to factor in your credit history, as this will determine the interest rate that is offered to you.

There are many options available when it comes to choosing motor finance. Most people will think of heading to their local bank to discuss options, but sometimes the bank is not your best option, particularly when it comes to getting a good deal on an interest rate. Utilising other lending intuitions, like Motor Finance Wizard, allows you to find the right loan for your specific needs - something a bank can’t really do as they have specific restrictions controlling their offerings. Motor Finance Wizard and other lending institutions don’t have these same restrictions.

Motor Finance Tips and Tricks

As you consider your options for accessing motor finance, there are some tips and tricks to consider BEFORE you sign on the dotted line:

•   Compare interest rates. If you are looking at going with your bank, consider comparing a couple of other options from other lending institutions as well. For example, Motor Wizard Finance offers a low percentage of interest compared to most banks when it comes to car loans.

•   Ask questions. Make sure you know what you are signing up for, what the terms of the loan are, what your exact repayments will be. There can often be hidden costs, so make sure you know what you’re paying for.

•   Check credentials. Make sure the company you are dealing with is legit. There are some loan sharks out there that might seem like a good option because there interest rates are low and repayments are low - but as the saying goes “if it seems too good to be true, it usually is” - do your due diligence and ensure you know who you are dealing with.

If you are looking for motor finance, try Motor Finance Wizard today. Visit our website and choose the product that suits your needs, fill out the online form and instantly find out whether you’ve been accepted or not. It’s a simple and pain-free process. Our loans are safe and secure and there are no hidden charges. We offer easy repayment options and a low percentage of interest. Contact our friendly team today.