Used car loan in Birmingham car finance company guaranteed
A few years ago it was fairly common to go to a dealer to buy or lease a new or used car or van and come out with a fast and instant approval even for subprime financing, even if you were self employed. Today; however, the story is much different as many people cannot find the finance agreement needed due to a bad credit history, being self employed or other high risk sub prime lending situations. A used car loan is much easier to get if you have a large deposit
to put down on the car. A popular Birmingham car finance company offer used car loans with a 20% downpayment, but a 30% down payment if you have a lot of bad credit history.
Those who have experienced missed payments or default on a prior loan, CCJ (county court judgment) or bankruptcy will find refinancing, buying or leasing a difficult ordeal that dealers are unable to help you with due to a low number of high risk contracts available in their logbook.
For these persons finding a lending institute online may help you not only find the financing needed but also the best interest rates available to you to guarantee you can meet the payments.
Self employed loans are designed for borrowers who do not have the employment documents needed in a standard loan such as proof of income and length of employment. Instead, proof of identity, a bank statement and often a cash deposit is needed for a guaranteed loan to be approved.
No Credit Check Car Loan Self Employed Finance
Often if the borrower is prepared with a significant enough down payments no credit check is run before approval and by shopping around for the best rate you can often find lower APR for risky loans.self employed car loan no credit check
UK regions of London, Liverpool, Leeds, Birmingham and Manchester are teaming with people who have turned to self employment to meet their growing financial needs in today’s economy and the decision to do so had not been easy.
New methods to refinance loans and obtain new loans have spawned increased IVA (individual voluntary arrangement) as well as no credit check loans, no deposit loans and other specialty financing that is often not a part of a dealer log book.
If you wish to buy or hire an Audi, BMW, Ford, Mercedes or Vauxhaul you may need to become creative in your financing methods, spend time searching for the best options available and look for cheap financial advisement to put you in the car you desire.