What is a balloon payment on car finance? Why call it a balloon payment? The official name of the ‘balloon payment’ is the Guaranteed Minimum Future Value (GMFV). However, that’s not very catchy, so most people call it the ‘balloon’ payment because of its large size! A balloon, also called the optional final payment is[…]
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Geoff
A proposal from DVSA to improve the availability and processes of the UK driving test Sitting a driving test has to be one of the most nerve-wracking experiences – especially as a young person. Even decades after you’ve passed, having someone in the front seat judging your driving can be off-putting. On top of that,[…]
Who is the legal owner of a car on finance? And who’s the registered keeper?
Uncategorized Feb 24, 2022
Owners and registered keepers of a car on finance Car finance is the most popular way to buy a new or used car. By spreading the cost across manageable monthly payments, you can get behind the wheel of a much nicer car than you might have been able to afford in one payment. However, buying[…]
Can I buy a car on finance with a provisional licence? Surprisingly, a key question amongst drivers holding a provisional licence is can a learner driver get car finance? We propose to answer that question. Achieving your full driving licence can be challenging. Applying for car finance for your wheels when you haven’t passed your[…]
Can I get car finance if I am a student? Moving to Uni or College and need a car? The transition from school to university or college is probably one of the biggest you’ll ever experience in your life and probably one of the most exciting. For many young people, uni is a place away[…]
Intro Can you remember the first time you got a bank card as a kid? It felt like the world was in your hands! No longer stuffing your birthday notes down the back of the bed: somewhere safe from prying siblings. Sadly, the novelty of banking has probably moved on, and it’s not something many[…]
Graduated driving licence – GDL! What does it mean for young drivers? Note: the GDL scheme Cancelled!
Blogs, News Mar 03, 2021
Update 24 May 2022 – A proposal from DVSA to improve the availability and processes of the UK driving test. Update good news for young drivers: the Department for Transport has cancelled the graduated driving licence scheme that would have restricted young drivers’ freedom. The introduction of a Graduated driving licence scheme would have seen[…]
Why get breakdown cover? Are you worried about being left stranded by the roadside after a car breakdown? Here is the Young Car Driver guide to the merits of getting breakdown cover. Why do you need breakdown cover? Motoring gets more and more expensive, so it’s not unreasonable for us to try and cut the[…]