Business Car Company Finance

Business Car Company Finance

Business Car Company Finance - General Tips and Tips about Car Loans:
- If you have a poor credit rating you might be tempted by pawnbrokers or moneylenders but beware of the high interest rates they charge. Only spend what you can afford and look at how much you are paying in interest for your car.
- Before you take out a car loan you'll need to work out how much you can comfortably afford to pay each month.
- Consider Importing a car. Some cars are significantly cheaper abroad and there can be great bargains to be found, even after all the costs of shipping and registering a car have been taken into account.
- The amount borrowed is subject to an interest charge, and the interest rate applied is known as the Annual Percentage Rate (APR).

Business Car Company Finance - Glossary of Terms:

0% Finance - This is a special deal where you pay no interest on the loan for a specified period.

A set interest rate is offered to all successful applicants, regardless of the risk they present and the loan amount and term.

County Court Judgements (CCJ) - An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors.

Your Credit History is a term describing your record of taking out credit, and just as importantly, repaying it.

A Credit Reference Agency is a company that is licensed under the Consumer Credit Act 1974 to collect and maintain details on people's credit activity.

If a borrower has a history of poor credit usage then this is described as Adverse Credit. Poor Credit history can include County Court Judgements(CCJ), Bankruptcy, Mortgage arrears or any late payments on credit arrangements.

Business Car Company Finance resource.


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