Car Finance



www.carfinance247.co.uk

I was looking to buy a car and had a shocking credit rating, went to these and they said they wouldn't be able to give me credit on the car I was looking to buy but would be able to give me credit on cars matching a spec they provided me with. They also had an online data lookup to find cars matching the spec which found cars at dealerships within 5 miles of my house.

Found they couldn't get me credit on a car for £1500, but they could if the car was worth over £6000, which surprised me and I found a nice car through their search engine.

I think the logic is if I buy an expensive car through credit and fail to make the payments, they have a decent chance of getting their money back by reclaiming the car and putting it to auction. On a cheap car they'd basically have lost their money.

Was very happy with the help from carfinance247 as well
 
Trauntrian said:
www.carfinance247.co.uk

I was looking to buy a car and had a shocking credit rating, went to these and they said they wouldn't be able to give me credit on the car I was looking to buy but would be able to give me credit on cars matching a spec they provided me with. They also had an online data lookup to find cars matching the spec which found cars at dealerships within 5 miles of my house.

Found they couldn't get me credit on a car for £1500, but they could if the car was worth over £6000, which surprised me and I found a nice car through their search engine.

I think the logic is if I buy an expensive car through credit and fail to make the payments, they have a decent chance of getting their money back by reclaiming the car and putting it to auction. On a cheap car they'd basically have lost their money.

Was very happy with the help from carfinance247 as well
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But surely your payments on a £1500 car and on a £6000 differ quite a lot?
 
Gaz said:
Possibly not as they do a credit check. Depends how bad your credit score / history is really
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That'll probably count me out then. Struggled a few years ago and ended up going into a trust deed (same as an iva) been discharged from that but it'll be on my file for another 18 months. When I checked on experian my score was sitting between poor and fair! Just need to hope my current car lasts another couple of years.
 
the dude said:
That'll probably count me out then. Struggled a few years ago and ended up going into a trust deed (same as an iva) been discharged from that but it'll be on my file for another 18 months. When I checked on experian my score was sitting between poor and fair! Just need to hope my current car lasts another couple of years.
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Try the forums on pistonheads for lease deals or moneysavingexpert.com who might give you a better idea. There may be some companies better than others to try
 
Bought last car 13 years ago for cash, saved up and bought the new one cash (£6500) less than bullshit price, pre registered by two weeks with 23 miles on the clock
 

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