Finty Support

Browse or search our knowledge base. We're here to help you.

You get immediate access to private transport

If you're planning to buy your first car, instead of having to use public transport for the foreseeable future, or rely on lifts from family and friends, you can have your own vehicle right now …...

You avoid having to pay a fortune upfront

It's often just not practical to shell out a huge amount of money to purchase a new or used car. Though you may have enough in your savings account, it's always a good idea to keep it for e…...

A car loan helps build your credit score

Initially, taking out a car loan can decrease your credit score, as this hikes up your credit utilisation. But if you can make all your repayments on time, a car loan will, in time, help improve your…...

Interest charges mean you pay more in the end

The interest rate is what you pay a car finance company for lending you their money. Essentially, unless you strike a 0% interest rate deal, you're not getting that money for free. Banks and oth…...

You can get penalised for early repayment

If you have the money to pay off your loan amount before your car loan term ends, consider checking your contract if there are clauses on prepayment penalties. These are fees you could incur simply f…...

A car is a depreciating asset

Most advisers recommend shorter loan terms, as longer ones could be detrimental to your overall financial situation. Typically, you'll want to avoid loans that take longer than six years to pay …...

Risk of losing the car if you default

If you take out a car loan secured on the car you are buying, you could risk having the car repossessed by the lender if you don't keep up with repayments. ...

Need help?

Check out our support guides or email us.