Payment Black Box Car Finance
Get Me Car Finance offers a unique pay-as-you-go car finance solution, lending our own funds and using a Car Finance Payment Box to secure loans for used cars. Ideal for those seeking flexible financing, this innovative approach ensures accessibility for all.
The Little Black Box
This innovative device reduces default rates for subprime borrowers from 30% to just 5%, offering lenders confidence to finance high-risk customers while helping borrowers rebuild their credit through timely payments.
Finance Tailored to You
Every vehicle financed through Get Me Car Finance is equipped with a payment black box, programmed to your preferred payment schedule. Discreetly installed by the dealer under the dashboard at no cost to you, the device flashes three days before your payment is due as a reminder. Upon payment, you receive a six-digit code to activate the car until the next due date. Once all payments are complete, the box is removed, and the car is yours.
Frequently Asked Questions
What happens if I miss a payment?
Without payment, no code is issued, and the car won’t start. Contact us to settle the payment and receive the code promptly. A 30-day grace period is provided for outstanding payments.
What if my payment is due on a weekend?
The box’s three-day reminder ensures you can process payments by Friday for weekend due dates.
Will the car stop on the due date?
No, the car remains operational for up to 30 days post-due date, giving you ample time to pay.
Is it safe while driving?
Absolutely. The car only becomes inoperable when switched off after the due date, ensuring safety.
How is correct installation verified?
We conduct rigorous tests to confirm the box is properly fitted.
Who removes the box at the end?
We arrange removal, or you can purchase the box at a discount to keep as an immobilizer.
Great news! The Payment Box is no longer mandatory for our car finance customers.
Latest Updates on Black Box Car Finance
Recent FCA rule changes have enabled UK companies to use black box car finance to support customers with poor credit. These discreet payment reminder devices, installed by qualified engineers, are fully removed once the finance agreement is paid off, improving access to the car finance market.
How Black Box Finance Benefits You
Individuals with poor credit often face rejections from major lenders, leading to frustration when applying through brokers who rely on the same lenders. Black box car finance provides a viable solution, enabling lenders to offer finance to high-risk customers with greater confidence.
Solutions for Securing Car Finance
- Choose direct lenders over brokers for more tailored options.
- Seek lenders specializing in poor credit car finance.
- Explore lenders using black box or tracking devices.
- Consider poor credit leasing, though approvals aren’t guaranteed.
- Opt for shorter-term purchases with providers like Mubiao.
- Get Me Car Finance, both a broker and lender, offers shorter-term finance, while Mubiao provides 12-month vehicle deals.
Understanding Black Box Car Finance
Also known as telematics or usage-based insurance, black box car finance involves a device that monitors driving behaviors such as speed, acceleration, and braking. Primarily used for insurance, it can also integrate with financing. This system benefits high-risk or young drivers by offering personalized insurance rates based on driving habits. Safe driving can lower premiums, while risky behaviors may increase costs. Additional perks include driving feedback, safe driving rewards, and vehicle tracking for theft prevention.