My wife and I are both self-employed and we found it quite challenging to be approved by lenders. Despite my frustrations, Panashe was patient and assured he could get the job done. Highly recommended!
CarMoney Ninja Panashe
- Quick quote, fast acceptance
- No mark on your credit rating
- Tailored finance deals
- We will help you finance almost any car
Buying a used car on loan is a very exciting time and the options can seem endless, especially in the used car market. A used car loan is basically where a financier lends the customer however much money to buy a used car, and the customer pays it back with interest over a pre-agreed timeline.
It is the simplest of loans, but you need to be financially prepared for some extra monthly expenses. Depending on the type of deal, the lender will use the vehicle as the security on the loan, so it’s important to note you will not own the vehicle until the loan has been paid off.
Whatever the situation, you must figure out how much you can afford and determine how you are going to pay for it. Some prefer to purchase a car upfront with cash they have saved, but there are plenty of other options.
