finance

finance

The most common problems with financing your car

We look at the most common problems with financing your car and how to solve them...
man in a checked shirt with glasses and a beard on the phone
Getting your new car through finance is a hugely popular way of doing it and has become increasingly popular over the past few years.Generally, financing your car is very simple, and at OSV, we try and make the process as smooth as possible for you.However, sometimes you can run into problems. While it happens rarely, it does happen, and we think it’s important that you are aware of these problems before you make a decision.So in this article, we are going to look at the most common problems with financing your car, and how to solve them.

Do lease car payments include interest?

Are my lease car payments inclusive of interest?
Do lease car payments include interest?
The largest part of the lease payment is covering depreciation of the vehicle during the course of your lease. This can be calculated by dividing the total cost of the vehicle by the expected value of the vehicle at the end of your lease term.Then comes the interest payment. This is where the lease company makes their profit. You will be charged interest on the cost of the vehicle plus the expected value of the vehicle at the end of your lease.

Is car leasing a rip off? | Why do so many people lease their cars?

Investigating why so many people in the UK choose to lease their car and whether leasing is a rip off.
Is car leasing a rip off
If you find yourself asking 'Is car leasing a rip-off?' then read on! It's highly unlikely that car leasing is a rip-off considering leasing accounted for 29% of all new car purchases in the UK in 2015. If it was a rip-off I'm certain that there wouldn't be such a huge number of people choosing lease finance options to drive a new vehicle. Do you still need convincing? This article has all the information you need.

I can’t keep up repayments because I’ve lost my job

I've lost my job and I can no longer keep up the repayments on my lease car.
I've lost my job and I can't keep up my repayments
If you find yourself in the unenviable position of losing your job, then you might not be able to keep up the repayments on your lease vehicle. This can be a very daunting position and it's easy to panic or feel stressed. If you can't keep up the repayments on your car then you have a few options. In this article, we'll take you through your options, as well as worst case scenarios. Watch the worry disappear.
    Back to top