Archive: 2017

Financing a car is an excellent method of payment for many vehicle buyers, allowing them to get behind the wheel of a car they love without having to fork out the full amount all at once. However, the confusing jargon surrounding car finance can be enough to put anyone off, which is why we have decided to provide a much-needed explanation of some of the most significant terms you might need to be aware of before making a finance application. Here is our A-Z guide to car finance.

Your practical driving exam can only be taken after you have successfully passed your theory test; your driving instructor will usually advise you on when you are ready to book the practical test. You can arrange your exam either by calling the DVSA automated telephone service or booking online. If you would like to book over the phone, you will need to call between 8am and 12pm.

All driving theory examinations are managed by the Driving and Vehicle Standards Agency (DVSA) and can be booked either over the phone or online through GOV.UK. When you arrange your test, make sure that you have your valid UK provisional driving licence number and a valid debit or credit card to hand. Your driving theory test will cost £23.

Driving around Cardiff can be difficult at the best of times. You could very easily find yourself in a pickle with the city centre’s complicated roads and with so many events going on in the city, you never know where you’ll be diverted. Having the right car for the job can make life so much easier, so choose wisely.

Carmarthen is home to one of the most important beaches in automotive history. At the beginning of the twentieth century, Pendine Sands were used for motorbike and car races, as the straight and flat stretch of beach formed a perfect natural racetrack.

Pembrokeshire is an outstanding region for a road trip, offering scenic coastlines, gorgeous beaches and interesting towns. Whoever you are travelling with, the county has attractions that everyone can appreciate. Here are eight of the best places to consider visiting on your trip.

Personal contract purchase (PCP) and hire purchase (HP) are the two most popular agreement types when it comes to buying a vehicle on finance. Both allow you to borrow the entire sum of money necessary to purchase your car, but with HP finance, you will need to pay back the total amount borrowed, whereas with PCP, you will only have to pay for the vehicle’s depreciation. From this, you may think the choice between PCP and HP is an obvious one, but there are advantages and disadvantages to each.

The most frustrating thing that can happen when you apply to buy a car on finance is finding out that you have a bad credit rating. Some finance providers will turn away people with poor credit and those which don’t will charge a much higher rate of interest. For this reason, you should try to keep an eye on your credit score.

Hire Purchase (HP) finance makes paying for a car a lot more manageable, because rather than buying the vehicle upfront for a large sum, you will be able to split the cost into much smaller monthly instalments. Effectively, you will be hiring the car until your contract is over and you have made all of the repayments. After this, the car is yours to keep or sell on.

Assessments of applicants? incomes are completed individually to determine whether they are eligible for the loan or not. Those who are self-employed or have a substantial amount of assets will be able to get loans as long as they give legitimate evidence to show that they are able to repay the loan at the permitted rate.