Pay as you go car finance

Struggle To Get Car Finance ? How to pay as you Go Car Credit? Can you stop paying car payments? Can I finance my car with a weekly payment?

Pay As You Go Car Finance is an increasingly popular and more accessible way of taking ownership of a new vehicle.

It is ideal for individuals who have suffered from poor credit. It helps lenders to mitigate the risks involved and quite often gives them the confidence to lend more money to higher risk categories than ever before. Looking for car finance? Been refused elsewhere?

Drive pay is a quick and simple way to get you on the road. It really is that simple! Pay-as-you-go finance is built around a traditional Hire Purchase (HP) agreement, requiring an initial deposit payment plus a schedule of monthly repayments.

The car remains the property of the lender and ownership only transfers when all payments have been made.

What makes this option different is the inclusion of a small black box within the car. It’s perfectly suited to those with a poor credit rating and has been integrated into car loans in recent years. Pay as You Go Car Finance - How It Works.

PAYG deals from Get Car Finance Here are a practical solution for those who often can’t afford car finance on other terms. Representative example: borrowing £5over years with a representative APR of 25. Fixed) and a deposit of £0.

The pay as you go system makes sure that you remember your payment whilst allowing you to get the car you want. Once you have chosen your vehicle from a reputable motor dealer who is regulated by the FCA and all the necessary finance documentation has been completed. What is ‘pay as you go’ car finance? Another phrase you may see used to describe black box car finance is ‘pay as you go’ finance.

We think this term is misleading. It’s usually used to describe services that you pay for as and when you need them – but without any obligation to buy any more credit for if you don’t want to.

However, for those who are looking to secure the best possible arrangement from a financial standpoint, we are pleased to offer many car finance deals which equate to just £per week, meaning you will only be paying approximately £1per month. Once we have received your application we will submit it for underwriting with our finance partners.

All applications are looked at personally. What ever your financial situation, we are here to help.

Step – Select A Car. We have helped customers in all sorts of financial positions. When people talk about ‘pay as you go’ car finance they are still referring to hire purchase car finance.

Hire purchase is one of the most common types of finance for people who may have experienced bad credit, you hire the vehicle and make monthly repayments until you have paid off the agreed finance. It is based on a Hire Purchase (HP) agreement which requires an initial deposit payment and then a series of monthly repayments. Independent research by Fiat revealed that per cent of.

One of the newest forms of finance when it comes to motor vehicles is Pay As You Go cars! A pay as you go finance scheme is ideal for those who have attempted to own their own car on credit but have been turned down.

Whether you’ve previously been in the Armed Forces, got CCJ’s, or in receipt of benefits, you’ll certainly be considered for Pay As You Go car finance. It allows you to purchase a motor vehicle of your choice, from any reputable motor dealer, regulated by the FCA.