If you are considering applying for car finance, you may have questions around the subject. From selling your car to APR, we’ll answer some of the most commonly asked questions.
If you have any questions regarding car finance that do not feature here, please get in touch with our sales team who would be happy to help. Call us on 01925 696 373.
APR stands for annual percentage rate.
The APR is the yearly cost of borrowing, this is what you’ll pay on top of the money you borrow.
Unfortunately not. We provide finance for cars and vans.
You will need to request an early settlement figure from us and settle your current contract before you can begin a new one. Our customer service team will be able to give you details of the early settlement balance.
You will need to settle the outstanding finance before you can sell the vehicle. You will not be the legal owner until the outstanding finance is settled. We would suggest you obtain a settlement figure and take this to a dealership to see if they will settle the outstanding finance for you.
Yes, you could but it will be dependent on whether you can afford the monthly payments of two cars in addition to your existing monthly bills and credit commitments.
If you are purchasing a car on finance with us, then we will carry out the HPI check to make sure any previous finance has been cleared.
This is dependent on the lender, as each lender has different criteria that need to be met. For more information on this visit our ‘What credit score is needed for car finance?’
If you sell the vehicle with outstanding finance on it without informing the buyer of the situation, we could repossess it as we are still the legal owners of that vehicle. You will be required to settle the outstanding finance on the vehicle before you can sell it.
A balloon payment is the final lump sum you will be required to pay if you want to own the car after your PCP finance agreement. Here at Go Car Credit we do not offer PCP finance, so we do not have balloon payments on our finance agreements.
Under Sharia law, charging interest is not allowed. Most car finance deals charge interest, so they are not halal.
