Searching for a car loan in Liverpool or the surrounding area? Wheelie Good Finance can help you find a lender so that you’re able to buy a new set of wheels!

Looking for Car Finance in Liverpool? 

Taking a car out on finance can be a great way to spread the cost of repayment. Rather than having to wait for months or years until you’ve saved enough money to purchase a new vehicle, you can start driving it straight away. 

Here at Wheelie Good Finance, we can search our panel of lenders to help you find a suitable vehicle finance provider. Even if you have a poor credit history, your application should still be considered, as we work with a number of lenders who specialise in bad credit car loans. 

Vehicle Finance Options Available in Liverpool

If you’re thinking about taking out vehicle finance, there are two main options available. The first is a Hire Purchase (HP) agreement, which works in a similar way to most other secured loans. You’d typically make a deposit upfront, and then pay off the loan in monthly instalments. Once your contract ended, you would then own the vehicle.

The other main option when it comes to vehicle financing is a Personal Contract Purchase (PCP) deal. This is where you’d pay towards the depreciation (how much it goes down in value between the start and end of the contract) of the vehicle. Then, when your contract finishes, you can choose to enter into a new agreement, hand back the keys and walk away, or purchase the car by making a balloon payment. A balloon payment is the estimated cost of the vehicle after depreciation.

It’s important to note that there is some risk involved in taking out a secured loan. While these types of finance agreement are generally more accessible than other forms of credit, they are secured against a valuable asset. In the case of vehicle finance, this would be your car. If you were unable to keep to the agreement, the lender would have the option of repossessing your vehicle. 

Liverpool car finance

Liverpool Car Finance Eligibility 

When it comes to vehicle finance eligibility, while the criteria will differ slightly from lender to lender, most will ask that you at least meet the same basic requirements. These include having a driving licence, whether it’s a full or provisional licence, being aged 21 or above, and earning at least £1,000 per month. You will also need to be a UK resident, and may be asked to provide proof of address for the last few years. 

And if you’re concerned about having a low credit score, Wheelie Good Finance may still be able to help! We work with a number of specialist lenders who look at more than just your credit rating when making a loan decision. They’ll also look at things like your monthly income and expenditure, as well as your employment details. That way, they can get an idea of your current financial situation, rather than just simply your credit history. 

Cars for Sale in Liverpool

In terms of vehicles for sale in Liverpool, you can approach a large range of dealerships and private sellers in order to find your dream car. It’s worth bearing in mind that although most of these vehicles will be listed online, you might want to check them out in person before making a purchase, especially if you’re buying secondhand. That way, you can ensure that the vehicle is as advertised.

If you do decide to buy a car from a local seller, a few Liverpool based dealerships include: 

Cazoo Customer Centre

Derby Road, Liverpool L20 8DY

DA Blundell Car Sales

4 Brookfield Drive, Liverpool L9 7AJ

Smallwood Car Sales

327-331 E Prescot Road, Liverpool L14 2DD

Solo Car Sales

3B Larch Lea, Liverpool L6 5BN

Warbreck Car Sales

95a Orrell Lane, Walton, Liverpool L9 8BL

And if you’d prefer to buy from further afield, particularly if you can get a lower price, it’s worth asking the dealership if they’re able to transport the vehicle to you. Some dealerships offer this service as part of a vehicle finance agreement.

car finance near me Liverpool

Car Finance Near Me

Although it can be easier to buy a car from a local dealership, when it comes to the finance provider, location isn’t really that important! Most lenders operate online, and will transfer the funds for the vehicle via online banking. So you can work with car finance providers across the UK - no need to look for a local lender! 

How Can Wheelie Good Finance Help?

If you’re looking to take out car finance in Liverpool, Wheelie Good Finance can help! Simply fill in our short application form, and we’ll do our best to match you with a suitable lender. And you can rest assured that this application won’t have an impact on your credit rating, as we only carry out soft credit checks. Do bear in mind though that if approved, a lender may choose to undertake a full credit check. 

You’ll be asked for a few personal details, as well as information about your income and expenditure. You’ll also need to provide us with details of the loan you’re looking to borrow. Then, if approved, you can choose your next vehicle from any reputable UK dealer, and drive away happy!