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Free Up Some of Your Cash Flow with New Motor Finance

November 13, 2013 by admin

When purchasing a new vehicle, we are often stressed by the possibility of not being granted motor finance. Unfortunately, purchasing a car is a costly affair and presents an expense that will continue for a number of years going forward (depending on what is stipulated in your finance agreement). Many motorists find that after a few months they need to free up some of their cash flow or start to look around for ways in which to bring down their monthly expenses in order to comfortably afford their vehicle instalments and this is where we at Auto Refin can assist.

Auto Refin is a company that offers an innovative approach to vehicle and asset finance. Our focus is on ensuring that our clients are presented with affordable financing options and that they are able to afford their monthly instalments with relative ease.

If you find that your monthly vehicle instalment is too high and you want to save on these costs, refinancing your vehicle is the answer. This type of motor finance can ensure that your original loan period is extended which lessens the total you need to pay over each month. This monthly saving allows you to free up some cash flow each month which can be used to pay other expenses or can be saved for when it is needed most – the choice is yours. With this type of finance agreement restructuring, you can also elect to keep your monthly instalments the same and pay off the outstanding total over a shorter period of time; the option you choose will depend on your financial and budgeting goals.

How do you go about refinancing your vehicle?

The process is quite simple. With the help of Auto Refin you can expect for the refinancing process to be quick, simple and absolutely painless. You will need to apply for the finance by completing our online application form on our website.

The following must be sent to us along with your supporting documentation:

  • A copy of your identity document – this must be the green bar coded document / book.
  • 3 months bank statements.
  • A copy of your latest payslip detailing your income and deductions.
  • A valid copy of your driver’s licence.
  • Proof of your residential address (this can be in the form of a telephone bill or water and lights bill).
  • Letter of confirmation from your insurance provider.

Once we have received all of your paperwork you can expect for us to let you know as soon as possible whether your finance has been approved or not. It is essential that you take the time to budget before taking on any new loans or financial assistance. Loans are only granted to individuals with a clear credit record and who will be able to make the monthly payments without crippling their budgets. We are professionals in the industry and want to help you to better afford your expenses and will advise you accordingly while assisting you with your application.

When dealing with us you can expect a prompt service, attention to detail and for our consultants to be both friendly and approachable. Our rates are competitive which is made possible by keeping our interest rates low and by seeking out the best possible packages and deals for our clients.

There are a number of factors that also come into play when clients are looking to refinance their vehicle. How you have handled your existing financial agreement will be considered and if you are blacklisted or under debt counselling you can expect for your application to be denied. We are required to carry out a credit check against each applicant.

Applying for motor finance or refinancing is not something that you should do on the spur of the moment. If you require advice and guidance, take the time to chat to one of our consultants. With our assistance you can rest assured that you are acquiring the best possible finance options on the market and that soon you will be financially free and enjoying a better cash flow again. Learn more about our packages and services via our website or by chatting to a team member without any further delay.