Competitive car loans specifically for people in Bolton

When it comes to buying a car, it should be straightforward and hassle-free. After all, once you’ve chosen your preferred make and model, it’s simply a question of putting the right insurance into place.

But if you haven’t got the available funds upfront to purchase your car and need to rely on a car loan, you may find the process becomes far more complex.

For too long, Bolton motorists have had to put up with lengthy conversations and complicated car financing deals that make the car buying process unnecessarily stressful.

We specialise in helping people in Bolton to buy a second-hand car. Our competitive and affordable car loans (which are only available on vehicles purchased from Dace Motor Group) will get you on the road quickly and easily. In addition, our car loans put you in charge of your repayments. You can decide how much you wish to repay each month and how long you need your loan to last from the very outset. We can then use our expertise and network of UK lenders to identify the most suitable car loan for you.

Our car finance calculator helps you to see how much you can afford

Before you get started, we recommend that you spend a few minutes using our online car finance calculator. This free tool will give you a benchmark of what you can afford based on your incomings and outgoings.

There is zero impact on your credit score, and you can use the calculator to see how different car loan amounts and loan terms could impact your repayment plans. Often, customers tell us that they are surprised to realise what type of make and model they can afford based on their eligibility.

Once you have checked to see how much money you can borrow to buy a car, you can search the current used car stock available at Dace Motor Group. You can search for petrol, diesel, or used electric cars, with a wide range of makes and models available for all budgets.

Is it expensive to take out a car loan to fund a second-hand car?

Car financing deals are more competitive than ever before. We offer affordable, low-interest car loans that will get you on the road quickly.

Not everyone has thousands of pounds readily available to purchase a second-hand car. Therefore, car loans have become a necessity for many people to afford a new car.

We want our car financing deals to be accessible to as many people as possible. That’s why we focus on low-interest loans that meet your lifestyle and budget. We never want our customers in Bolton to feel that they are paying more than they can reasonably afford, so our finance team will sit with you and discuss your finances to identify a suitable car repayment plan.

We work hard to ensure that our car loans are affordable. For example, our HP car loans are available with as little as 10% for an upfront deposit. And with agreed repayment plans in place, you can feel confident that you know how much your second-hand car will cost over the months or years.

Please note that you will not own the vehicle until all payments are made. If you default on your finance payments, the finance provider may repossess the vehicle.

What interest rates are available for car finance deals?

If you’re looking for a cheap car loan, you will be closely monitoring the interest rates to see how much you may need to repay.

As we work with various lenders, many of our competitive car loans have different interest rates. Your agreed interest rate may depend heavily on economic factors, your type of car loan (such as HP or PCP), your credit rating, and the amount you wish to borrow.

If you live in Bolton, you are only an hour away from our Dace Motor Group Used Car Supermarket. If you visit us in person, our finance team can sit and discuss our interest rates on our used car financing deals and how they may work for your budget. You can also look online in advance to see what cars are available in stock and pre-book a test drive.

If you would like to book an appointment with a member of our finance team, please contact us.

How do I know whether I should take out a PCP or an HP car loan?

Knowing what type of car loan you should choose can be complicated. After all, how many people understand the difference between a PCP and an HP car loan?

We specialise in making complex financial decisions easy to understand. Our team will explain how your car loan will work and what you should expect at the end of your term.

With a PCP car loan, you will make repayments over your agreed timeframe. At the end of the contract, you will either return the car, pay the current resale value of the vehicle, or put that resale value towards purchasing a newer model.

With an HP car loan, you will own your car outright at the end of your loan period.

There are advantages and disadvantages of each loan type, and we will take the time to explain the differences between PCP and HP car loans to you. We want you to feel empowered to make the right financial decision for yourself and your lifestyle.

We help people in Bolton choose the right car financing option

Many people in Bolton choose us to provide them with an affordable car loan because we are visible in our local areas. We are not a faceless call centre. Instead, we welcome and encourage customers to visit us in person so we can discuss your car financing needs.

We are happy to discuss your options in person – we promise we’ll allocate all the time you need, and we make a great cup of tea (even if we do say so ourselves!). We’ll talk openly and honestly about what you can afford and explain how you could even make financial savings by upgrading your second-hand car. If you need to buy a used car for business purposes or worry about any history of poor credit, we are here to help.

We focus on practical solutions that find you an affordable car loan.

Can you get car finance with poor credit?

You may be worried that a poor credit history could scupper your chances of taking out an affordable, low-interest car loan. But, while your credit history could limit your options, that doesn’t mean that we can’t work with you to find a suitable deal.

We approach each customer individually. You may have had financial troubles in the past, but that shouldn’t always affect your future. We have been providing car financing for many years, and we promise that we’ve heard it all before. So, if you’re looking for a cheap car loan, please speak to us. We work closely with lenders across the UK, many of which specialise in car finance loans to people with bad credit histories.

You may not be eligible for the best interest rate available, and you may need to pay a larger upfront deposit, but with our expertise, we’re confident that we can find you a good deal.

If you want to check your affordability, why not use our online car finance calculator? It won’t leave a mark on your credit score, so you can feel comfortable reviewing it as often as you like.

If you have a poor credit rating, you may need a guarantor for car finance

Asking someone to act as a guarantor for your car loan may be an effective way to confirm your eligibility for financing if you have a poor credit history. Your guarantor will effectively act as someone who will take responsibility for your car loan if you cannot make your repayments.

We understand that asking someone to be a guarantor for your car loan is a big responsibility.

It’s one that we take extremely seriously.

If you need a guarantor, we recommend that your chosen person meet us face to face to discuss the implications. We work hard to make sure that everyone involved understands the implications and responsibilities and is fully aware of the terms and conditions of your car loan.

We can provide competitive car loans on any car sold via Dace Motor Group

People in Bolton choose to come to us because we promise a straightforward and friendly approach to buying a used car.

Our car financing deals are only available on the high-quality used cars sold by Dace Motor Group. With four dealership locations across the Greater Manchester region, you can feel confident that we will have the right car for you.

If you would like to find out more about our competitive car financing options, please visit a member of our team at your local Dace Motor Group dealership location.