Car Finance Lending Institutions

In today’s society most lenders fall into two categories. Some lenders collect and hold savings and investment deposits. Others act as a ‘go-between’, packaging funds supplied by banks and commercial banks, though the distinction is fading. Most banks now provide a full range of services to both business and private consumers.

Business Finance

Hire Purchase

The Commercial Hire Purchase (CHP) agreement is a legally binding contract where the financier you gives you the right to possess and utilize a car or other vehicle in exchange for monthly repayments. A balloon payment is a huge sum of payment that can be made at the end of the lease term and is optional with a hire purchase agreement.

A practical guide to buying a car

What does ‘mutual’ mean to me?

Mutual financial institutions are credit unions and building societies that are set on providing benefits for our members, not shareholders. Profits are returned to members through reasonable fees, improved rates and exceptional service.

Members are both customers and owners, therefore you have a real say in how your financial institution is handled. Every member gets an equal say – one member, one vote.

Here are some other vital facts about mutual financial institutions

Guidelines in purchasing a car

A sense of freedom, mobility and pleasure are what cars have to offer. So before you take the plunge in purchasing your car, every option should be explored. Here are a couple of helpful tips you need to consider when acquiring a car from new or used, insurance and finance options.

Impreza WRX is a superbly well sorted urban rocket with styling that won’t attract those unmarked devils”

Model tested: 2008 Subaru Impreza WRX five-door hatch (a four-door sedan version is available in the US and we should get it last quarter 2008)

I’ll be honest, I’ve never really been into the styling of the previous generations of the WRX despite having enormous respect for what Subaru has achieved over the years with this iconic car.