The benefits of pay as you go car finance
Pay As You Go Car Finance
Pay As You Go Car (PAYG) Finance is a brand new way to pay for your car. It’s perfectly suited to those with a poor credit rating and has been integrated into car loans in recent years. PAYG deals from Get Car Finance Here are a practical solution for those who often can’t afford car finance on other terms.
How Does Pay As You Go car finance work?
Having a pay as you go loan is a different kind of credit agreement, where you’ll be given a box that will prevent you from driving should you miss payments.
PAYG car finance requires an initial payment followed by scheduled monthly repayments (it is based on a Hire Purchase agreement). Ownership of the vehicle will only change hands once all payments have been made. The rate you pay will depend on the mileage you need.
How Does Pay As You Go Finance Help Improve My Credit Rating?
Your car will be fitted with a black box into which you will input a code that gets sent to you via text message every month, provided that you have made your payment. If you haven’t been able to pay, then your car will be disabled next time you’re parked and your engine is off. This method of financing means that your creditors will be sure that a payment is made each month. Each successful payment you make will contribute towards improving your credit score.
Apply For Pay As You Go Car Finance Now!
Pay As You Go Finance Reviews
How do I apply for Pay As You Go Black Box car finance?
You can apply below for black box finance and our helpful team will provide you with a quick decision. Our acceptance rates are high and all circumstances are considered. Find out what deal you are eligible for while avoiding hard credit check when you enter your details into the PAYG finance Quick Checker.
Pay Weekly Cars with No Credit Check
If you have bad credit and are hoping to purchase a car on finance, GetCarFinanceHere are the company for you. We’re one of the UK’s leading sub-prime car finance brokers.
Some Pay As You Go cars allow you to take control of your budget with weekly payments; however most lenders and drivers prefer monthly payments.
Start your Pay As You Go Finance today by applying online with GetCarFinanceHere.
Your application lets us know your credit score and we can start the search for the ideal finance option. For more information or if you need to speak to a member of the team, you can call 01282 544532.