8 Ways To Get An Affordable Car Finance Deal
Car finance is commonly used by drivers who wish to spread the cost of their next car. Whilst car finance can be very rewarding, it can be very easy to get into debt if you fail to keep up with your car finance payments. To make sure you’re getting an affordable car finance deal or to help you decide if it’s even right for your situation, read our top tips below. 1. Set a budget and stick to it If you’re approved for finance, you will need to make every monthly payment until the end of the term, which can be over several years. Use a free car payment calculator before you apply to see what kind of loan you could be offered based on your credit score, monthly budget, and loan term. Your monthly budget should be realistic and if you think your income will change soon, car finance may not be the best solution for you. 2. Make overpayments An easy way to avoid car finance debt is to make overpayments. An overpayment is when you make an advanced payment on your finance, aside fr