At V12 Automobil, we can help you lower your monthly repayments or spread the cost of a balloon payment by refinancing your existing car loan. Our expert team work with the top car finance providers to get you the best refinancing deals.
Refinancing your car is a practical way to make car payments more manageable without selling your vehicle.
Car refinancing involves replacing your current car loan with a new one that offers better terms. It is a practical way to make your monthly payments more manageable without selling your vehicle.
Refinancing is similar to switching your mortgage—it lets you restructure your car finance. Whether you're looking to lower monthly outgoings, extend the term, or accelerate your path to ownership, refinancing could help.
You may also be able to refinance your balloon payment if you have a final lump sum payment on an existing car finance product. Allowing you to keep your car without paying the final payment in full.
“An absolutely fantastic service provided by the guys at V12. Saved me ~£400 per month on my finance deal! A*”
By paying less interest over the life of the loan you could reduce your monthly payments or pay off your loan earlier.
Free up cash flow or make monthly payments more manageable by refinancing over a longer term.
Extending the term of your loan allows you to drive the car for longer without the pressure of a final balloon payment or having to trade it in early.
You could own your car sooner by refinancing to a shorter loan term or use it to pay off the final balloon payment.
PCP allows you to use the car until the contract ends before deciding whether to keep it or change it.
Hire Purchase offers a straightforward way of spreading the cost of your purchase.
Lease Purchase give you the benefit of lower monthly payments compared to a standard Hire Purchase deal.
If you own a high-value vehicle and are looking additional funds, you may be able to release some equity from your car.