How to refinance your existing car finance agreement to a better rate or APR!
Car finance interest rates have increased considerably over the past year or so with the Bank of England increasing their base rate. You may have a finance or loan agreement on your existing vehicle with an APR that could be reduced using our panel of banks and lenders.
Many motor dealers only use one or two finance companies in house and would have offered you the rates those lenders had at the time you bought your car. We have a panel of banks and lenders who will consider refinancing your existing agreement onto a better rate, potentially reducing your monthly payments and saving you money over the period of your loan.
We can consider refinancing personal applications in your own name or business applications in your limited company name. Finance is subject to status.
The process is simple. You will need to obtain an up to date settlement letter from your current lender, as we'll need the exact settlement amount for your new agreement and to then pay off your existing finance. It's very much a straight-forward process and we'll talk you through it step by step.
Payments can be spread over a number of years on a Hire Purchase agreement. In some instances, and depending on the age and mileage of your vehicle, a Lease Purchase agreement with a balloon can be obtained. At the end (subject to all payments being made and any option to purchase fee if applicable) you will own the vehicle outright.
You can use our refinance calculator to get an indication of payments on hire purchase. Please call for a quote with a balloon.
Many motor dealers only use one or two finance companies in house and would have offered you the rates those lenders had at the time you bought your car. We have a panel of banks and lenders who will consider refinancing your existing agreement onto a better rate, potentially reducing your monthly payments and saving you money over the period of your loan.
We can consider refinancing personal applications in your own name or business applications in your limited company name. Finance is subject to status.
The process is simple. You will need to obtain an up to date settlement letter from your current lender, as we'll need the exact settlement amount for your new agreement and to then pay off your existing finance. It's very much a straight-forward process and we'll talk you through it step by step.
Payments can be spread over a number of years on a Hire Purchase agreement. In some instances, and depending on the age and mileage of your vehicle, a Lease Purchase agreement with a balloon can be obtained. At the end (subject to all payments being made and any option to purchase fee if applicable) you will own the vehicle outright.
You can use our refinance calculator to get an indication of payments on hire purchase. Please call for a quote with a balloon.
You can access our online application form here, or click the blue "Apply" button at the top of the page. You can also apply via the online calculator.
We are a trusted credit broker with a panel of competitive banks and lenders - click here to see recent Trustpilot and Google reviews from past customers.
We are a trusted credit broker with a panel of competitive banks and lenders - click here to see recent Trustpilot and Google reviews from past customers.
What's the catch? There isn't one, this is how it should be. Our aim is to build long and lasting relationships with our customers, it's as simple as that.
We're a company that care and put the customer at the heart of everything we do, and remember, we don't charge any fees for our service either. We hope that, through excellent service, many enquiries will come from recommendations and word of mouth. We have a friendly, no pressure approach, so if you’re not ready to apply just yet, simply bookmark this page in your browser and then come back when you’re ready. You can call us on 0151 459 6492, we’re always happy to answer any questions you may have.