Car Loan First

Car Loan First is a car finance broker that provides hire purchase, personal contract purchase, and refinance deals for new cars, vans, motorbikes, electric vehicles, and caravans across the UK. They operate a car finance calculator to help users estimate monthly payments and facilitate applications through a network of lenders. The company handles paperwork with dealerships and offers finance for customers with different credit profiles.

The business operates a car finance calculator where users can adjust variables like deposit size or loan term to see how changes affect their monthly payments. This tool provides immediate finance estimates based on inputs such as cash price, deposit, and APR, allowing customers to explore what they can afford before applying.

Car Loan First offers hire purchase (HP) as a popular financing option where customers spread the cost over fixed monthly payments with no large lump sum at the end. Many of their HP deals are available with no deposit, and ownership transfers once the final payment, which may include an option-to-purchase fee, is made.

The company provides personal contract purchase (PCP) for those who prefer flexibility or enjoy changing vehicles frequently. Unlike hire purchase, PCP often involves a balloon payment at the end, though Car Loan First highlights that HP avoids this large final payment requirement.

Applicants must be 18 or over to proceed with a finance application, and the company states that terms and conditions apply. They also note that guarantees and indemnities may be required depending on the individual case, and all finance is subject to status and income checks.

The business is located at The Quadrant, Chester West Employment Park, Mercury Ct, Chester CH1 4QR, and can be contacted via the phone number +441244727727 or the email address info@carloanfirst.co.uk. They also offer a request a call back feature for those who prefer not to call immediately.

Car Loan First is authorised and regulated by the Financial Conduct Authority with Firm Number 1014324 and is registered with the ICO under Firm Number ZB694598. The company is registered in England with Registration Number 15363510 and operates as a trading name of Car Loan First Limited.

The company states that they do not charge a fee for their service but earn a commission from lenders, which does not influence the interest rate offered to the customer. They will advise the amount of commission payable and gain consent before proceeding with the application.

Car Loan First claims that their application process has no impact on the customer's credit score, and they work with all credit scores to find suitable deals. They emphasize that the process is designed to be quick, with a 2-minute application form to secure competitive rates.

The business facilitates applications through a network of lenders and handles the back-and-forth paperwork with dealerships electronically. Once the paperwork is signed, they manage the process so the customer is ready to collect their new vehicle.

Car Loan First provides guides on finance types and buying tips, along with local car finance options for regions across the UK including Yorkshire & the Humber, Scotland, Wales, and various English regions. They also offer a blog and news section for additional resources.

The company's website displays representative APRs of 18% and rates from 9%, noting that these figures vary depending on the lender, credit score, and agreement length. They also mention that interest rates are fixed for a set period before potentially changing.

The website mentions that they finance thousands of vehicles from trusted dealerships and help customers track down a car if they have not already spotted one. They also offer support for overcoming credit challenges and provide flexible loan solutions.

The official website of Car Loan First is carloanfirst.co.uk.

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