If you are classified as non status, this basically means that you have a poor credit rating. When looking to buy a car with bad credit, you will need to seek out a company that specialises in non status car finance to stand the best chance of acquiring the finance you need. Having a poor or non-existent credit rating is so commonplace in todayís society that this type of company exists in abundance, so you donít need to feel like you are excluded from the car market because of it.
A simple online search can turn up a vast range of finance companies and literally thousands of offers and deals that can leave you somewhat bewildered and unsure of how to proceed. The most important thing to remember is that having a poor credit score doesnít mean you have to settle for a substandard finance deal. Check out the specifics of any deal or offer before you sign up to ensure that it really is the best option for you. At the very least you should compare several finance offers to see how much you will end up paying back with each and what the monthly repayments will be.
One great thing you can do when searching online is to look for reviews and testimonials for each non status car finance company that offers a deal you like. Making sure a company is reputable can give you peace of mind when taking out a loan from then. Online communities are also a great way to find people who have already taken out a deal similar to the one you are considering, or people that have dealt with the particular finance company you are going with, and their experiences and their knowledge of how it works can shed some additional light if you are still unsure.
As an example of one of the kinds of offers you may find during your search, non status car leasing is specifically for people with a poor credit rating. With this kind of offer the company will purchase the vehicle you want on your behalf and then lease it to you. One of the benefits of this is that it is usually available to almost anyone and can be a great way to boost your credit rating for the future. It is vital with this kind of plan that you inform the finance company immediately if you are going to miss a payment. In some cases they may be able to work with you to help you through the rough patches without negatively affecting your credit rating.
Just remember, car finance is for everyone, not just those rare people with a perfect credit history. Credit problems are far too common today for this to be the case. Spending a decent amount of time researching finance companies and their deals and offers can be well worth it. With a little effort and patience, you can be sure that you will find the perfect deal for you.