The current interest rates from the Bank of England are subject to fluctuations due to the changes in the financial market and the economy. However, when you finance your car, you do not have to worry about this.
Your interest rate will be stable throughout your finance deal. Therefore, you know exactly how much you are paying across the deal.
The benefits of fixed rate finance loans is that is stable and safe, and is not vulnerable to changes due to the market. It can also result in better repayment across the loan than a ever-changing rate.
If you do not want fixed rate finance, you can get variable rate finance. This follows the financial market trends, which means it can change a lot or a little over your agreement.
Although this can mean that your interest rate is lower than the fixed rate (if the market swings that way), it can unfortunately mean your rate could get too high to pay back monthly.
Fixed Rate Finance with HPL Motors means you know the rate throughout your deal, and know before getting into the agreement whether you can pay back that rate.
Contact HPL Motors today to find out more about our flexible finance packages tailored for your pocket.
Click here to apply for car finance with HPL Motors with our simple form.