We have been working in the motor and financial industry for many years, and we have worked with plenty of car dealers in that time. Needless to say, we’ve met our fair share of unscrupulous characters and have worked with people who didn’t hold the same values as us. That’s not to say that we worked with them for very long – once we realised whom we were dealing with, we got out of there, pronto!
When selling your car there are so many options. It is often hard to work out what to do and which option to go with. In this blog we’ll give you 5 tips which will help you work out the best option to get the most value and the best price for your car when selling it.
You know that feeling you get when the car of your dreams zooms past you. That moment when you think to yourself, “how on earth did they afford that car?”
Typically, the answer to that question is car finance, something the majority of drivers you see driving new cars have. Even many driving older cars will have car finance. When buying a car it allows you to drive a newer car for a fraction of the price and simply pay it off monthly.
Before you spend your hard earned cash on a used car hoping to drive home a bargain, there’s some things you need to check.
Trying to sell your car privately used to be a struggle and grind. Who wants to have to deal with time wasters and tyre-kickers who constantly don’t bother to show up, or offer a low-ball 50% of your asking price? It’s usually enough to make anyone give up trying to sell their car privately, and settle for a trade-in well below market value instead.
Credit history is a major factor in getting approval for a car loan, and also affects the interest rate for financing on the purchase. Trying to buy a car when you have bad credit can be quite challenging, even with a stable job history with a good salary. Unfortunately, the lender sees a history of high debt and late payments as a sign that you’re a high risk of default on loan payments.