Car finance is a popular way for individuals in the United Kingdom to acquire their dream vehicles without the burden of a hefty upfront payment. However, car finance is rife with myths and misconceptions that often discourage potential buyers or lead them down the wrong financial path. This comprehensive guide will debunk 15 common car […]
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In today’s financial landscape, your credit score is pivotal in determining your eligibility for various financial products, including car finance. Whether you’re considering purchasing your dream car or upgrading to a more reliable vehicle, understanding what affects your credit score is crucial. This blog post will delve into the intricacies of credit scores, shedding light
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Car finance can be a complex world filled with confusing terms and jargon that can leave you scratching your head. From APR to balloon payments, understanding car finance’s various terms and acronyms is essential for making informed decisions. In this blog post, we’ll unravel the mystery behind car finance jargon and provide a comprehensive guide
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Are you considering a cost-effective and flexible way to drive your dream car without the long-term commitment of ownership? Personal Contract Hire (PCH) might be the perfect solution for you. We’ll delve into the details of Personal Contract Hire and explore how it works as a popular car leasing option. From understanding the mechanics of
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Hire purchase (HP) is a popular financing option that allows you to buy a car without paying the entire purchase price upfront. Instead, the cost of the vehicle is divided into regular instalment payments over a fixed period. Over the years, Hire Purchase car finance has helped motorists finance their favourite vehicles when buying them
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If you’re looking to reduce your monthly car payments or secure a lower interest rate, refinancing your car loan can be a smart financial move. Refinancing allows you to replace your current car loan with a new one that better fits your needs and financial situation. In this blog post, we’ll guide you through the
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The number of cars bought on finance is a constantly growing statistic, with some reports stating that the value of vehicles financed in the UK was over £40 billion in 2022. These numbers are not surprising when looking at the number of different car finance options available to purchasers. What is Car Finance? Car finance involves borrowing
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You might assume you can only get your finance through a car dealership, and you would not be alone in that thinking. However, you are entirely within your rights to see an independent broker like Dorsia Finance. There are multiple benefits to using a finance broker, but we have broken these down into the top
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You may have heard about car finance brokers, but what does a car finance broker do? In short, a car finance broker’s role is to help customers navigate the car finance market and secure the best possible loan package for their circumstances. A car finance broker will contact several lenders to get the best deal
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Can you get finance for a classic car? In short, yes! It may not be as straightforward as traditional finance but there are lenders out there who can help you buy your dream classic or vintage car. What is considered a classic car? A classic car is an older car, typically 25 years or older,
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Buying a car is an exciting milestone, but navigating the complex world of auto financing can be overwhelming. Traditional financing options like loans and leases often have fixed monthly payments and rigid terms. However, a more flexible and hassle-free alternative is gaining popularity – the Balanced Payment Plan. In this blog post, we will delve
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Personal Contract Purchase (PCP) is a great financing option for buying a car with lower monthly repayments and without paying the entire purchase price upfront. Instead, the cost of the vehicle is divided into regular instalment payments over a fixed period. PCP is arguably one of the most popular forms of car finance due to the
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