Moneybarn Finance is a specialist lender offering car finance to those who have struggled to obtain credit through traditional means. With a focus on understanding individual circumstances, Moneybarn Finance offers a range of financing options to help customers get behind the wheel of their dream car. In this article, we will provide a comprehensive overview of Moneybarn Finance, including their services and financing options.
Overview of Moneybarn Finance
Moneybarn Finance is a UK-based lender specializing in providing car finance for customers who may have difficulty obtaining credit elsewhere. Established in 1992, Moneybarn Finance has more than 25 years of experience in the industry. The company is dedicated to helping customers understand and manage their finances to make informed decisions about their car purchases.
One of the unique features of Moneybarn Finance is their approach to lending. They take a personalised approach to each customer, considering their individual circumstances rather than relying solely on their credit score. This allows them to provide loan options to people who may have been declined by other lenders.
Understanding the Financing Options and Requirements
Moneybarn Finance offers a range of financing options to help customers purchase a car, including Hire Purchase (HP) agreements and Personal Contract Purchase (PCP) agreements. Both options require a deposit, which can range from 0% to 30%, depending on the customer’s financial situation.
To be eligible for finance with Moneybarn, customers must meet certain requirements. They must be at least 18 years old, have a UK driving license, and be a UK resident. They must also have a regular income and not be in bankruptcy, an IVA or a Debt Management Plan.
Customers can apply for finance online or over the phone, and Moneybarn will assess their application based on their individual circumstances. Once approved, the customer can choose their car and arrange to have it delivered to their home address.
In conclusion, Moneybarn Finance is a reputable lender that provides car finance to those who may have difficulty obtaining credit through traditional means. With a personalised approach to each customer and a range of financing options available, Moneybarn Finance can help customers find the right solution for their individual needs. If you’re considering purchasing a car, it’s worth exploring the financing options offered by Moneybarn Finance.
