Car Finance Guides

How To By A Car on Benefits – What’s Possible?

If you’re currently on benefits or out of work and need a car, it’s easy to feel like your options are limited. However, the truth is that many people in similar circumstances are still able to get a car on finance- and with the right support and guidance you can too. Here at ChooseMyCar, we’ve helped thousands of drivers secure finance through specialist lenders who understand that a steady income doesn’t always come from traditional employment.

Nick Zapolski

March 13, 2026

Negative Equity Car Finance – Your Options

Negative equity is something that is historically related to property and mortgages. It refers to the circumstance where the value of the item, in that case, a house, has dropped below the amount that’s owed by the buyer. In recent years, with the growing popularity of car finance, negative equity is now something that often comes up when buying a car.

Nick Zapolski

March 13, 2026

What Credit Score Do You Need to buy a car?

Your credit score won’t matter if you are simply buying your car outright, but for car finance it will be taken into account. While it’s not always the case, a good credit score is generally preferred by lenders, and it will give you access to preferential rates.

Nick Zapolski

March 13, 2026

Car Finance for Young Drivers – What to Expect

Are you a young driver looking for an affordable used car on finance? Get in touch with our expert team here at ChooseMyCar today to discuss the best options for young drivers and freshly passed motorists!

Nick Zapolski

March 13, 2026

Whats Is GFV?

When buying a car on a PCP finance deal the repayments are worked out by the proposed residual value of the car at the end of the term. This is known as the guaranteed future value (GFV) of the car.

Nick Zapolski

March 13, 2026

What Is APR on Car Finance? (Simple Explanation)

Whenever you are applying for car finance or a similar type of credit agreement like a loan, you’ll see the term APR used. This will come up whenever there’s mention of fees or interest rates. It may seem confusing at first, especially when it’s used in combination with other financial jargon, but it’s not too hard to get your head around once you break it down.

Nick Zapolski

March 13, 2026

What Car Can You Afford to Buy

When looking for a new or used car it’s important to work out what car you can afford to buy. While your goal may be to get behind something sporty and fast, you may be better off getting something that has lower monthly repayments and cheaper running costs.

Nick Zapolski

March 12, 2026

Selling Your Car with Outstanding Finance

People wanting to sell their car, to either make a little money or shop around for something new, is not at all unusual. It’s also not uncommon for people with outstanding car finance to want to sell up or change cars.

Nick Zapolski

March 12, 2026

Personal Loan – Pros & Cons

A personal loan allows you to borrow money from a bank, building society or another lender as an alternative to other forms of car finance. This loan then allows you to act in a similar way to a cash buyer, meaning you own the car outright from the very beginning of your agreement.

Nick Zapolski

March 12, 2026

How to Improve Your Credit Score (Before Applying)

Building a strong credit score, or credit rating, is essential for a number of reasons. These include applying for credit agreements and mortgages, but also extend to loans and applying for car finance. It’s useful for a whole host of things, but primarily affects your ability to borrow money

Nick Zapolski

March 12, 2026

No Credit Check Car Finance – Myth or Reality?

Getting Car Finance or a loan to help you pay for your next car seems like a great way to make it more manageable in the short and long term – you won’t need to dish out a large lump sum, instead of covering the cost of your car with simple monthly repayments that are easier to find the funds for on a regular basis.

Nick Zapolski

March 11, 2026

Car Finance with a Debt Management Plan (DMP)

Looking for a new car can be a crazy process, especially when you’ve got personal problems that could potentially stand in the way of you being able to get the car that you want

Nick Zapolski

March 11, 2026