There are several options for car finance poor credit in Stoke-on-Trent if you are interested. A poor credit score only tells part of your story. Many people acquired bad credit scores during difficult financial situations. In many cases, having a car can improve your chances of getting a job. People with cars can work more than one job and double their income. Public transport can limit your flexibility and choices. Using public transport or taxis can often cost more than buying a car on credit. This is the case for people who work far from home or in areas that are under served by public transport.
Many car dealers and moneylenders are realising the value of extending credit people with poor credit scores. In Stoke-on-Trent, our car finance poor credit interest rates are higher than if you have a good credit score. The higher interest rates help to cover the added risk created by your poor credit score. Yet, our interest rates are significantly cheaper than what mainstream lenders may offer. Where mainstream lenders may offer 50% APR interest for high-risk credit scores, we cap our interest rates at 30% APR. We advise clients with high-risk credit scores to opt for long payment periods. This reduces the amount of money they need to pay per month and gives them more flexibility.
Taking car finance poor credit in Stoke-on-Trent can be good for your credit score. Making your car finance repayments on time is a sure way of improving your credit score. In addition to facilitating car finance, we buy and sell a wide variety of new and used cars to suit every taste. No matter your credit score, you can secure financing and drive off our lot with any car you like. We stock both luxury and functional cars from any brand you desire. Contact Car Finance Companies today for more information about our services. We are always ready to welcome new customers with open arms. Our staff is friendly and very helpful.