Black Box Car Finance Made Easy!
Looking for easy black box car finance? We could help! Our panel includes a select number of lenders who offer car finance with a black box, making it a great option for people with poor or no credit history. This type of finance works like many of our other deals, with the addition of a small black box fitted to your vehicle. If approved by one of our trusted black box finance lenders, you could drive away in a car that fits your budget from a reputable UK dealer!
What is Black Box Car Finance?
Black box car finance, not to be confused with black box car insurance, both involve a ‘black box’ being fitted to the vehicle but they are used for different purposes. Black box car finance is when a small device is fitted into your car and connects to your car’s internal computer. They can be located discreetly under the dashboard or in the glove box and communicates with the finance lender through GPRS. There are a number of different types of data that a black box records. However, when it comes to car finance, black boxes don’t track your driving style but instead, help you to keep up to date with your car finance payments. As long as your payments are paid on time and in full each month, there’s nothing you need to do! If you fail to make a payment, the lender will contact you and the car may be taken away from you.
How Does it Work?
Finance First Always.
We believe the best way to get the black box car finance deal you want is to arrange your finance first. Applying with us won’t affect your credit score, and one of our car finance experts will be in touch shortly to guide you through the process!
The Best Deal For Your Situation.
As a car finance broker, we have access to a wide range of lenders offering various finance packages, including black box car finance. This allows us to find and select the best finance deal tailored to your needs.
Reliable Cars From Trusted UK Dealers.
You can rest assured that your chosen car is safe and reliable, as all finance deals are arranged through trusted and reputable UK dealers. Plus, your black box is professionally fitted at no extra cost!
Where is a Black Box for Car Finance Fitted?
If you’re approved for used car finance, you’ll be able to purchase a car within your budget from a trusted UK dealer. Please note that finance agreements cannot be used on cars from private sellers. Once your car is selected, the finance company will fit the black box, typically under the dashboard or in the glove box. After completing your payments, the black box can either be removed, or some lenders allow you to keep it for use as an immobiliser or tracker.
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“I can’t thank this company enough and Sean, my account manager. Sean made the experience friendly, quick, efficient and stress-free. He kept me updated the whole way through and truly went above and beyond by working through his weekend, making sure everything was ready to go through Monday morning. I urgently needed a car and Sean did everything he could to make that happen! I pick up my new Corsa this week! Fantastic service! Thank you so much Sean, you’re an absolute legend!”
– Louise from Shrewsbury
Source: Reviews.io
Is Black Box Car Finance Right For You?
Car finance with a black box is a type of hire purchase (HP) car finance, ideal for people who may have struggled with repayments in the past. The black box, or your lender, will send you a notification a few days before each payment is due to help you stay on track. Under an HP agreement, the loan is secured against the vehicle, meaning the lender retains ownership until all repayments are complete. Once the agreement ends and all payments have been made, the contract is finished, and the car is yours to keep.
Can You Get Black Box Car Finance Bad Credit?
Black box car finance for bad credit can help increase your chances of approval. It demonstrates to lenders that you are committed to making repayments on time. Since the loan is secured against the vehicle, the lender can use the car as collateral if repayments aren’t met. For customers with poor credit, consistently making payments on time and in full can help improve your credit score, building a positive borrowing history for the future.
Which Lenders Are Available?
Black box car finance lenders are less common than traditional finance providers, but we work with a select few on our panel who can help you. If you have bad credit or no credit history, we also offer a range of alternative finance options tailored for those circumstances. We specialise in hire purchase agreements, which can suit a variety of personal situations and help you get the car you need.
What is Pay-as-You-Go (PAYG) Car Finance?
You may have also heard of the term pay as you go car finance. Pay as you go car finance is another term used by lenders when describing black box car finance. It has exactly the same principle where the customer will make monthly repayments through a form of hire purchase till the end of the finance term. For PAYG car finance, a black box will be required to be fitted into your vehicle and can send a payment reminder before your payment due day.
Start Your Car Finance Journey Today!
We can help applicants get approved for black box car finance but we can also offer a range of finance packages too. We have finance deals which can suit those with bad credit, no credit, no deposit contribution and much more!