Car showrooms, garages and dealerships tentatively reopen on the 1st June to the relief of many people in Burnley and Pendle looking to buy a car. You may have been one of the thousands who have searched for ‘car finance near me’ to enable the purchase of a new motor vehicle.
Having a car has always been pretty important to many people in our community, whether it is for the commute to work or to lug heavy shopping from the weekly big shop. There’s also the extra worry and drive away from public transport due to the coronavirus pandemic.
A recent survey by CarGurus found that a large number of people intent to move away from public transport and purchase a car for day to day transport
44 per cent of those who previously used public transportation expect to use it less – or stop using it entirely. As a result, a third of those expected to increase usage of their own car, while another third expect to purchase a vehicle to replace their current vehicle or buy an additional car
For those that have managed to save enough cash, or believe they can buy the car they need with a part exchange, now might be a good time to get a deal as newly returned salespeople start to look at sales board figures. For the majority of people buying a car in the UK it means — looking for the best car finance deals near me.
James Hind, CEO of carwow
There is considerable pent-up demand from people looking to buy a new car who are having to put their plans on hold due to lockdown
If you’re looking for a 2nd hand run-around at £750 or a more expensive car running into the £1000’s then Northern Community Bank could help to provide the car finance you need
Of course, dealers will often offer finance deals on their vehicles and while Northern Community Bank can’t guarantee that our terms will be better 100% of the time, what we can say is that it’s worth taking the time to find out. That’s the challenge we throw down; if you want to spend more than £3000 on a car, compare the terms offered elsewhere to the terms on a Northern Community Bank car loan, and we’re pretty confident that what we provide will prove highly competitive.
Many garages and dealers, for example, offer finance which starts at 12.9% Representative APR, which is more than we’ll charge for a loan of over £3000. The word ‘representative’, what’s more, means that the rate in question only has to be offered to 51% of applicants. With us, on the other hand, the rate we quote you is the rate you pay, every time.
We’ve previously highlighted, the Financial Conduct Authority report showing that 500,000 drivers in the UK had been secretly over-charged by car salesmen looking to pocket extra commission. The word ‘commission’ doesn’t even exist in the Northern Community Bank dictionary. What you will find in there are the words ‘not-for-profit organisation’. If you are in the Burnley, Nelson and Colne area searching for ethical ‘car finance near me’ then check out the terms on a Northern Community Bank car loan.
If you’ve been scouring the internet looking for the ‘best car finance near me’, you may well have come across of a whole host of car finance deals. Our advice… take a minute to look at what they are offering. With 8/10 cars being purchased with a PCP agreement pre-lockdown we urge people in Burnley and Pendle to check whether low monthly payments and large balloon payment at the end, totalling into many thousands of pounds is really the right deal.
This is why personal car loans from Northern Community Bank may be a better option when looking for car finance. You will know the monthly repayments, own the car from the start and be left with no looming expensive final payment to find.
Another huge advantage of a Northern Community Bank loan is our Save as you Borrow scheme. When you take out a loan with us, there is a minimum saving amount that builds up to act as collateral against the loan. You’d be surprised how quickly these savings do build up…a great way to develop better saving habits.
If you are in the market for a new car now the showrooms have reopened and are searching for the best car finance near you, then consider a Northern Community Bank car loan. Many commentators believe cash is king in the car market at this moment and a loan from Northern Community Bank could give you the buying power you need to make the right purchase.
It’s free to talk to Northern Community Bank and our friendly staff are happy to provide loan quotes to help you compare car finance deals.
