We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

What to Look For When Buying Your First Car

Posted on 26/01/2015

Buying your first car is an important life event. In owning your own vehicle, you can enjoy a level of freedom and responsibility that you may not have previously experienced.

But as fun as buying a car can be, there are several things to keep in mind if you want to get the most value for your money.

Get a Loan

Unless you already have the money, getting approved for a loan is the first step to getting your car. To do this, it’s necessary to go to a credit union, bank or online lender. Any one of these will reveal what kind of interest rate you are qualified to get. A quote that’s surprisingly high may very well indicate an issue with your credit rating. If this is the case, these issues will need to be addressed prior to moving to the next step in your purchase.

Research Vehicles

These days, you can go online to research just about anything, including the next car you are going to buy. When researching the type of vehicle you want, concentrate on being flexible. Options like colour are not as important as gas mileage or safety ratings.

Look For Price Guarantees

Some online dealerships will offer a guarantee that the price you see on the website will be the same price you get at the dealership. If you find such a guarantee, be sure to print it out before you head to the dealership.

Above all, reading the fine print of all of the documents involved with a car purchase can reveal many facets of car purchase that you may not previously have been aware of. If you have questions, ask the dealer or speak with friends and family about their own experiences. This will help you to avoid costly missteps.

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.92 Average

130 Reviews

I have dealings with other finance companies before who provide a reasonable service but I found the staff at refused finance went the extra mile in finding me a suitable vehicle from a reputable dealer. I needed a lot of help and assistance and they were always willing to accommodate my needs even when I was being indecisive. I had 1 broker in particular who stands out, Jacob, Jacob did a fantastic job and always found solutions to problems I encountered, without his commitment to customer care I may have given up. I will definitely be recommending your company and Jacob in particular. Thanks guys I don’t know what I would have done without you.

Brilliant service from Lewis and Michael. Very friendly and helpful, really happy with finance and car.

Very quick and easy process and staff are friendly all in all was a good experience I would definitely recommend