With the cost of living still taking its grip on everyone's finances these days, it is more crucial than ever to ensure your car finance is right for you. Even if you have an existing agreement, what might have been suitable for you and your circumstances 12 months ago or longer, may not be appropriate for your situation right now.
With this in mind, it is a good idea to regularly review your car finance package, much like you would with a mortgage on your home, to ensure you are getting the most effective finance package for you.
So, what are the benefits to reviewing your existing car finance agreement we hear you ask? Well, following a quick conversation with your very own Account Manager at Oracle Car Finance about refinancing your vehicle, you could:
1) Reduce Your Monthly Payments
You might be able to adjust your monthly budget and/or lengthen your term without having to sell your car.
2) Obtain A Better Rate
You may have better rates available to you compared to when you originally took out your funding.
3) Refinance Your Balloon
Keep the car you love for longer and avoid paying the remainder as a lump sum.
Why Refinance Now?
With the Bank of England announcing the first reduction in the base rate in August of this year, those that took out car finance in the last few years could now benefit from a lower rate on their car finance packages, which is why now could be the perfect time to seek an alternative to your current arrangement. Since the rates initially began to rise, the favourable rates that dealerships could once offer are no longer applicable and the playing field has become more level than ever.
Not only that, but the single 'one size fits all' package that dealerships offer are designed to suit the majority of situations and circumstances, which may mean a disadvantage for your particular vehicle or needs. Using our panel of some of the biggest lenders in the industry, we can create a bespoke package just for you that suits your circumstances and can tailor your funding package to your requirements.
Why Oracle Car Finance?
For over 19 years, Oracle have specialised in financing prestige vehicles and finance more Porsches than any other vehicle. Not only that, but we also have an exclusive offer for Porsche Club members where you can now receive a reimbursement of their first finance payment* when taking out a new agreement via Oracle Car Finance.
*T & Cs apply. Full details are available
here.
For a free discussion and quote, call 0330 333 4592 or follow the link below:
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Oracle Finance is a credit broker not a lender. They can introduce you to a number of different lenders who may be able to provide funding for your vehicle; they may receive commission for doing so. Oracle Asset Finance Ltd is authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 662576) for the sale of consumer credit. For more information, please visit oraclefinance.co.uk.