Finance Products

WHAT DO YOU NEED TO KNOW ABOUT CAR FINANCE?
 
WHAT DO THE NUMBERS REALLY MEAN? TOTAL COST AND APR EXPLAINED.
 
-The total amount that you pay back will include the cost of interest and any fees as well as the cost of the vehicle. It is important to make sure that you understand the total cost of your car finance.
-The cost of interest and fees is given in what’s called the APR (Annual Percentage Rate).
-APR is the only figure that includes all the costs involved, comparing APR will show you who is offering the best deal.
-To make a deal more affordable, a lender may increase the repayment period.
-This means that you will pay more in total, but each payment will be smaller.
-To reduce you monthly and total payments, you can pay a larger deposit, this reduces the risk for the lender.
-Finally, the better your credit rating, the lower the interest rates you’ll be offered.
-You can check your credit rating at Experian CreditExpert.
 
AT CREDIT AS EASY AS, WE AIM TO ARRANGE THE BEST POSSIBLE CAR FINANCE DEALS FOR OUR CUSTOMERS, SUBJECT TO THEIR FINANCIAL CIRCUMSTANCES. WE PRIDE OURSELVES ON OUR HIGH LEVELS OF CUSTOMER SATISFACTION AND HAVE WORKED HARD TO ENSURE EVERY SINGLE CUSTOMER RECEIVES THE VERY BEST IN CUSTOMER SERVICE.
 
Our lenders offer finance options which are spread over 2 to 5 years. Spreading the cost of your finance over 2 to 5 years allows you greater control over your finance and how affordable it is for you. Interest rates are dependent on your personal circumstances (this is commonly known as ‘subject to status’). At Credit As Easy As we will always strive to arrange the best rate we can. Our lenders offer agreements where no deposit or a low deposit is required. All repayments are at a fixed rate, so you will never have any unexpected outgoings. Our central philosophy, here at Credit As Easy As, is that we would like to treat our customers, as we would wish to be treated ourselves. We would not place our customers in a finance arrangement, that we did not feel they would be able to afford or which would have an adverse effect on them.
 
No two customers are the same, which is why we at Credit As Easy As offer such a wide range of finance packages to suit your individual circumstances. We want every customer to be happy; simply tell us what you can afford, what deposit you can put down and let the team Credit As Easy As do the rest for you. Our goal is to arrange the most suitable finance package possible, which is tailored to your individual circumstances, allowing you to get the vehicle you, want at an affordable monthly repayment.
 
Simply call us today, or fill in our online finance application and let us help you get you the vehicle you really want!
 
How it works 
 
Get on your way to gaining affordable finance by starting your application today! Simply complete the Credit As Easy As easy online finance application form, or call our customer advisers team on 07368503920, who will guide you through the application process.
 
Credit As Easy As will confirm they have received your application. We will process your credit application and provide you with the best credit limit available subject to credit reference and affordability checks. Credit As Easy As will provide this information to you by email, telephone, text or any combination to suit you.
 
Creditas Financial Solutions Limited t/a Credit As Easy As is a credit broker that works with other Credit Brokers and selected lenders.
 

What is Hire Purchase?

What is Personal Contract Purchase

 
HP Hire Purchase is a hiring agreement between the customer and finance company secured against the vehicle. The customer has the option to own the vehicle at the end of the agreement, subject to payment of the option to purchase fee.  
 
Hire Purchase is one of the most common types of finance, it is really simple – you hire the vehicle and make fixed monthly repayments until you have paid off all of the agreed finance. There are no surprises at the end of your agreement such as balloon payments or mileage restrictions. The entire car price is spread across your agreement term and once all monthly payments have been made the car becomes yours, making it one sensible option for borrowing.
 
PCP Personal Contract Purchase is in essence a purchase agreement. However a predicted minimum future value (balloon payment) is off set until the end of the agreement this is called Optional Final Payment (OFP). At the end of the PCP term, the customer has three options; 1) to keep the vehicle after paying the OFP, 2) hand back to finance the finance company or 3) part exchange for another vehicle. PCP is subject to agreed mileage at the end of the term where excess charges apply. Please ensure the mileage band meets your needs. 
 
LP Lease purchase is a form of conditional sale agreement, which means that the regular payments are similar to a lease/rental agreement but you will own the car at the end of the deal. The deferred sum will be determined by the age and mileage of the car at the end of the agreement. The difference between a lease purchase and a PCP agreement is that the deferred sum (referred to as a Guaranteed Minimum Future Value
 
CS Conditional Sale is very similar to the hire purchase, the key difference is that the customer will own the vehicle outright at the end of the agreement. There is no option to purchase fee to be paid. 
 
 PL A Personal Loan is normally a loan at a fixed cost for a fixed period of time to purchase any item the customer wants, which can be for many things including the purchase of a vehicle. This is not secured on the item purchased.