Peugeot Finance

Peugeot Finance

Peugeot Finance - General Information and Tips about Car Loans:
- Some people like to buy a car and arrange the finances at the same time. It can be quick and convenient. Most manufacturers offer finance through their dealer networks.
- A credit card can be a good way to pay for a car if you have access to a card with a low rate of interest. Many card issuers now offer introductory rates of interest, sometimes as low as 0 per cent for new cardholders.
- An unsecured loan is aimed at people who do not have any collateral to take out a secured loan. Therefore an unsecured loan is perfect if you do not own your home. With an unsecured loan you can borrow between �1,000 and �25,000.
- You can save hundreds in finance charges by shopping for the cheapest loan. Contact several banks, your credit union and finance companies for quotes.

Peugeot Finance - Glossary of Terms:

Credit scoring is a system creditors use to help determine whether to give you credit.

Personal Contract Purchase is a type of leasehold arrangement offered by car dealers on high value new or nearly new cars. You pay a deposit and agree a figure of what the car will be worth at the end of a period.

Hire purchase, commonly known as HP, is a tried and trusted way to buy a car on credit - especially if the value of the car is higher than most personal loan limits.

Default - Failure of an individual to make payments on a mortgage at the correct time or to not comply with the mortgage companies requirements.

Your credit history is held on your credit file by a credit reference agency and is used to assess your risk level to a lender or other credit provider.

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.

Peugeot Finance resource.


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