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Car finance when living at home

If you are looking for car finance and wondering whether you will be eligible because you live at home, fear not, read on to find out if you are eligible and what kind of finance could be right for you.

If you live at home, there is no reason why that alone should impact your chances of getting finance. When applying, there are a few things that are usually considered, such as income and time living at your current address. There are things that will be weighed up by the lender and living at home shouldn’t negatively impact your chances of being approved.

There are different types of finance to look at, such as personal contract purchase and hire purchase. It is best to do your research and work out the kind of agreement you are looking for prior to applying, so you have an idea of questions to ask and how to go about arranging the agreement.

However, if all of this is new to you, the team at We Finance Any Car will be able to guide you through the entire process, so you know exactly what it all means. There is a. Lot of jargon used in car finance but we will make it simple and easy to understand.

Personal contract purchase is a popular option and usually, you pay a deposit and then the payments are spread over a number of months. At the end you will have a few different options so you can choose what to do depending on your circumstances.

Hire purchase is similar but you own the car at the end of the agreement. This means that payments are usually a little bigger each month but it is great if you are keen on owning the car.

Car finance doesn’t have to be confusing, let us help you find used car finance here at We Finance Any Car.