Your guide to buying a car in the North East in confinement
Before the lockdown, buying a car online was an option for many motorists, but uptake was slow.
Car financing refused is a leading Killingworth-based subprime auto finance broker that helps people with bad credit get approved for auto finance. The car finance broker has seen an increase in car finance inquiries despite current national restrictions.
Now, in the country’s third lockdown, Refused Car Finance has reported that their customer approval rates have doubled, meaning their customers are twice as likely to be approved for car finance as they were in the first lockdown in March 2020.
During the first national lockdown, there was a lot of uncertainty for many and the auto finance industry was hit hard. With drivers reluctant to enter into a new finance deal instead of requesting a payment holiday on their current finance deal, and finance lenders either not operating at all or less likely to lend money, the finance industry car stopped.
However, Refused Car Finance has used this time of uncertainty to make it easier for people with bad credit to get car finance approved during future lockdowns.
Refused Car Finance has invested in improving its website and infrastructure to streamline and upgrade its approval process. This, coupled with more financial lenders joining the market and offering more of their finance packages, has enabled the specialist bad credit car finance broker to help more people get into a car despite nationwide restrictions.
How to buy a car during confinement?
By using a car finance broker such as Refused Car Finance, you can apply online and you will be assigned to a car finance expert who works on your behalf to search the market for the most suitable financing packages that will fit. offer to you. With a wide range of lenders, each offering a multitude of financing offers, brokers are often able to find the best deal within minutes.
Once you are approved, you can proceed by agreeing to the terms of your car finance agreement with flexible payment terms and fixed monthly payments via an electronic signature facility that the lenders will provide, making the process quick, easy and, especially on.
Once your finance is in place, your car finance expert will help you get the car you want from a wide range of trusted FCA Approved Dealers across the UK.
During the third lockdown, car dealerships were told to close to the public so you cannot currently buy a car from a showroom, but you can view cars online and request additional videos and photos if needed .
In accordance with government guidelines, dealers may offer click and collect or delivery services in the North East.
Auto dealerships have invested heavily in training and cleaning equipment to ensure all vehicles are clean and compliant.
Click and collect and delivery must follow all social distancing regulations.
As dealerships migrate to digital selling and you can no longer visit locations, you may be concerned about the security of buying a vehicle online. The Consumer Contracts Regulation Act put in place by the government in 2013 outlines the rules and regulations for distance selling, including that of cars.
One of the main advantages of this law is that it gives you the right to use the car for 14 days (sometimes with a mileage limit) before canceling the contract.