If your circumstances have changed, refinancing your existing PCP, HP Loan, or lease, could be a issue. Reach out to our finance specialists to see if it could benefit you.
Refinancing may lead to lower monthly repayments, providing more disposable income and addressing repayment challenges before your agreement ends.
Are you on the lookout for a better deal? Credit scores are not fixed, and yours may have improved since you first secured your finance. Keeping up with repayments on your existing loan might have positively impacted your credit rating. Refinancing could enable you to secure a loan with a lower interest rate, potentially reducing your monthly repayments or the overall amount payable.
Refinancing is also a viable option for individuals approaching the end of a PCP agreement. To retain the vehicle, you'll need to settle the balloon payment. Obtaining a loan to spread this one-off cost across manageable monthly repayments could allow you to keep a campervan that you might otherwise have to return to the lender.
Feel free to get in touch with our team to explore your options further.