Carmoola
Blog
Car Finance

All articles related to Car Finance

Discover everything you need to know about car finance in our dedicated articles. Tips on buying a new car, exploring different loan options, or seeking advice on refinancing, we've got you covered with our expert guides. Check out interest rates, loan terms, credit considerations, and more!

Car Finance

Most popular Car Finance articles

What Is GMFV in PCP Car Finance? Guaranteed Minimum Future Value Explained

GMFV, or Guaranteed Minimum Future Value, is the amount your lender estimates your car will be worth at the end of your PCP...

Does Financing a Car Build Your Credit?

Does Financing a Car Build Your Credit?

Financing a car can build credit when you make payments on time, but it can damage your score if you miss payments or take on...

Car Refinancing: What Is It and How It Can Lower Your Monthly Payments

Refinancing your car can give you benefits like lowering your monthly payments or reducing interest costs, depending on your...

Can you drive in the UK on a foreign licence?

If you’re new to the UK, you might be keen to get behind the wheel to explore on the open road. You can usually drive in the UK...

What happens if my car is written off and it’s still on finance?

Accidents happen. When split-second decisions and challenging conditions make driving difficult at the best of times, even the...

Which credit reference agencies do lenders use?

When applying for car finance, your credit score can make a significant difference to the APR you’re offered, your repayment...

All Car Finance articles

1 Min Read

Who pays for servicing and repairs on PCP finance?

When you enter into a PCP (Personal Contract Purchase) agreement, you become the registered keeper of the car, but you won’t be...

2 Min Read

What does representative APR mean?

APR, PCP, HP – the world of car finance is full of acronyms, but don’t panic; we’re here to help cut through the jargon.

APR is...

2 Min Read

How long does car finance approval take?

When you’re counting down the days, hours, and minutes until you can pick up the keys to your new car, the last thing you want to...

2 Min Read

Car finance admin fees explained

Unfortunately, fees are a (slightly annoying) fact of life. While we’d all prefer to avoid them where possible, some extra...

2 Min Read

What is Voluntary Termination?

When finance agreements can last four, five, or even six years, our individual circumstances can change a lot over the course of...

2 Min Read

What’s the ‘Total amount payable’?

Car finance is just awesome, isn’t it? And yes, we may be ever so slightly biassed in saying that, but seriously - it’s a...

1 Min Read

How does Personal Contract Purchase (PCP) finance work?

Personal Contract Purchase (PCP) is a popular way to finance buying a car without having to pay for it upfront. It allows you to...

2 Min Read

What is the residual value of a car and why does it matter?

Navigating the world of car finance can sometimes feel like you need to learn a whole new language! Parlez-vous de financement...