Car finance in Wales

Getting your hands on your dream car can sometimes feel like an impossible dream, but with the help of a professional and experienced car finance expert, you could make it happen.

Getting started with car finance in Wales doesn’t have to be complicated. Read on to discover the key steps involved, as well as how you could get the best deal for your budget when you apply for car finance through Car Finance Genie.

How to get started

Getting started with car finance in Wales is easy when you know what to look out for, and there are four main steps here at Car Finance Genie: apply for finance, get a decision for finance, choose your car, and drive away.

There are different types of loans available, too, so before you start looking at them all, it’s important that you understand exactly what they are and which one will suit you best.

  1. Apply for finance

The first step towards getting your own car loan is to find a good broker or lender. As a broker here at Car Finance Genie, we can bring you great deals from across our lending panel for car finance.

Once you’ve found a suitable lender, you will need to fill in some forms and provide some information about yourself and your finances. You may also need to show proof of income such as payslips or bank statements. It’s worth having these documents ready beforehand, so as not to delay the process.

  1. Get approved for finance

After you have provided the necessary documentation, we will process your application and check with our panel of lenders. If possible, we will present you with an attractive deal for car finance, in accordance with your needs and circumstances.

In order to increase your chances of success when it comes to being approved, there are a few things you can do:

  • Clear existing debts

If you already owe money to other people, try to clear those debts before applying for car finance in Wales. This way, you will also help minimise the chances of becoming overwhelmed with unmanageable debt.

  • Pay your bills on time

This isn’t always possible, but if you can manage to keep your bills paid on time, it will go a long way to helping you secure an attractive car finance deal in Wales.

  • Get onto the electoral roll

Being on the electoral roll is an easy way to help increase your credit rating – and it’s free! Simply register online with the electoral commission, and you’ll receive a confirmation email shortly afterward.

  • Keep track of your spending

It’s not just your spending habits that affect your credit score, but your ability to repay debts too. Make sure you keep track of your expenses using a spreadsheet or app, so that you can see where your money goes.

  1. Choose your car and drive away!

After passing the initial checks, you could receive approval for finance. The next stage is choosing your new car. When you do decide on a model, you’ll want to consider things like fuel efficiency, price, features and whether the given car suits your lifestyle.

Some of the main considerations when choosing a car should include:

  • Fuel efficiency

One of the most important things when buying a car is how much petrol it uses. Fuel economy ratings are given out in miles per gallon (mpg), and the higher the figure, the less petrol you’ll need to buy. However, don’t forget that the lower the mpg, the greater the CO2 emissions.

  • Features

Some cars come with extra features that you may find useful. These could include satellite navigation systems, heated seats, alloy wheels and even leather interiors.

  • Your lifestyle

Finally, think about what kind of driving you’ll be doing. Do you drive a lot? Or would you prefer something that’s easier to park? You might also want to look at the size of the boot space, as this will determine how many suitcases you can take along with you.

  1. Drive away!

The final stage is to drive away, and get used to enjoying your new car!

There’s no need to turn to any other car finance broker in Wales

When it comes to car finance in Wales, there really is no need to look any further than Car Finance Genie. So, please don’t hesitate to complete and submit your free no-obligation quote for car finance today, or to call 01277 583 046.