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Why car finance is a viable option

If you’ve landed on the Car Finance Genie website in order to… well, not find out which new car models you should know about in 2022, but instead obtain a car finance deal, you might understandably be wondering whether car finance is even a possible option for you.

Buying a car on finance is far from a ‘niche’ path these days; according to data cited by Statista, in the 12 months to September 2021, over two million cars were purchased using a finance arrangement by consumers in the UK.

So, is taking out car finance a viable possibility for you and your family… or would you be better off considering an alternative solution to your needs?

The possibilities for car finance may be broader than you think

Let’s get an obvious thing out of the way; you might imagine that as a company specialising in making car finance available for a wide range of motorists, we would be furiously urging you to purchase car finance when you next need a set of wheels – no matter what.

But the truth is, it would hardly be in our interests – or that of the lenders we represent – to push you into any car finance deal you would be unable to afford. So, it’s important to ask yourself whether car finance is viable for you, or whether you might be best-advised to take a different path for a while – for example, saving up longer for your next vehicle.

The good news is that taking out car finance can be a more feasible route than a lot of drivers initially imagine. We know that ourselves – we have built a strong reputation for helping applicants for car finance to achieve acceptance for a deal, even if they might have previously been turned down elsewhere.

Plus, as car finance with low or no deposit specialists, we could aid you in arranging a car finance deal even if you don’t have much money available for an initial deposit. If you can put down a deposit, though – even just a small one – this will lower your repayments going forward, so it’s well worth at least considering.

With our extensive lender network, we can guide you towards the right deal

It is crucial to emphasise at this point that it can never be absolutely guaranteed that a given person will be able to secure a car finance deal, before they apply. Plus, it is imperative that you are responsible in managing your money – and consider your probable incomings and outgoings for the term of any loan you are considering – prior to committing to anything. Our online car finance calculator can help you figure out the implications of whatever amount you do borrow.

We would underline equally strongly, however, that today’s car finance market is a very diverse one, with many different lenders out there catering to different practical and financial needs. And when you apply for car finance through Car Finance Genie, you won’t need to approach the lenders making up our network individually. Just one free no-obligation application is needed, and you will soon know whether we can give you the amount you wish to borrow, on terms that are desirable for you.

Would you like to have a more in-depth conversation with an expert before deciding whether a suitable car finance deal would be possible – and attractive – for you? If so, you’re welcome to call the friendly and experienced Car Finance Genie team today, on 01277 583 046.

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