Money News

Content in this article What is a balloon payment in car finance? Key terms youll see in a PCP/HP agreement What are my options at the end of the contract? How is the settlement figure calculated? Worked example: same car, different balloons (illustrative) Equity at the end: do you have a deposit or a shortfall? […]

Content in this article What Is Negative Equity in Car Finance? Why Negative Equity Happens How Does Negative Equity Affect Your Financial Situation? Reduced Flexibility Financial Implications How to Check If Youre in Negative Equity Find Your Current Loan Balance Find the Current Value of Your Vehicle Compare the Two Can You Trade In a […]

Content in this article What Is Voluntary Termination and How Does It Work? Eligibility for Voluntary Termination on PCP or HP The 50 Percent Rule (Halfway Point) Voluntary Termination vs Voluntary Surrender How to Calculate Your Voluntary Termination Figure Step-by-Step Voluntary Termination Process Step 1 Confirm Eligibility Step 2 Send a VT Letter Step 3 […]

Content in this article What each option actually is (in two lines) Ownership, mileage and end-of-term: key differences Which is cheapest? (illustrative) Salary Sacrifice made simple (EV example) The anatomy of payments (so you arent surprised) Mileage and depreciation: set this right at the start How to choose the best option for your next car […]

Content in this article Why battery warranty and residual value drive EV finance decisions Battery warranty basics in plain English What the warranty usually covers What it may not cover Older models and transferability Battery life, battery performance and what influences them Residual value 101 (and why its different for EVs) EV finance products compared […]

Content in this article What does fair credit mean to auto lenders? Your main routes (and what suits fair credit) Improve your chances of approval (and the rate you pay) 1) Tune your credit report (fast, legal wins) 2) Present affordability clearly 3) Shop lenders, not just cars New car vs used car with fair […]