If you have your heart set on a car but don’t have enough money to buy it outright, it may be worth looking into a finance package.
There are different things you’ll need to consider with financing, including your credit rating, interest rates and the length of the repayment period.
Our finance eligibility checker can make all of these much clearer for you. Here’s how a finance check works, and how it can help you.
What is the Finance Eligibility Checker?
It’s a system provided by us to offer you the best finance packages possible. With 31 finance partners on hand, our finance setup covers most UK car dealers – reaching out to more customers.
The checker gives you a simple overview of whether you can afford to repay the amount of money over a period of time. It also tells you the rate of APR interest you’ll be paying on top of the original amount, which all depends on your credit rating.
You don’t have to act on the quote straight away, as it’s valid for 30 days. And by using our service, it pre-qualifies you for the finance package and you don’t formally apply until you’re ready. It doesn’t affect your credit rating until you go through with the finance.
How can it help you?
It can help you make a final decision on whether buying the car is right for you. It outlines what you’ll pay back each month, and from there it can help you work out if you can afford to go through with the agreement or not.
The checker also tells you the likelihood of the agreement being accepted, as your personal credit rating can seriously affect whether you’ll be allowed to go through with it.
But be aware that the results of the eligibility checker should be used as a guide. The results will vary if you enter your details incorrectly, so make sure you do it correctly to get a better idea.
How does it work?
Head to our Finance Eligibility Checker and go to ‘Check now’ at the top. You’ll be asked to enter the amount you’d like to borrow and how long you’d like to make repayments – between 24 and 60 months.
Next, enter your personal details and any credit information you have. This helps give a more accurate result. Once you’ve entered all the information, it only takes 2 minutes for you to get the quote and find out whether you’re able to go ahead.
What benefits do you get?
If you go ahead with our quote, our team of advisors will guide you through the full process. You don’t have to use our quote to get your finance, but if you do, there are some additional perks.
Buying your car through AA Cars means that it gets a full history check and 12 months of AA Breakdown Cover – a great back-up. You can still use our finance service through other routes, but you won’t get those benefits if you do.