Have YOU managed to secure car finance?

BossKy · 15 April 2017 at 11:08AM

Thanks this is helpful!

BossKy · 15 April 2017 at 11:15AM

Just wanted to approach the topic from a different angle to be honest. The other thread was more in relation to how far back lenders check your records, this is more direct and asking about how much I might be realistically looking at, plus ape info and potential lenders.

BossKy · 15 April 2017 at 11:17AM

Yeah probably not as sub prime as myself or what I'm looking for but helpful nonetheless- and congrats on the new vehicle!

MadMat · 15 April 2017 at 5:38PM

I have a five year old satsified CCJ on my history, and around 3 years of "good" history using subprime and rebuild cards as often advised on this site

I recently got finance from Santander on a vehicle costing £19500 with a 10% deposit at 9.9% APR

Finance was arranged by a broker whos name I can't remember, I was referred to them by the dealer - Cabdirect

Mat

flightboy · 15 April 2017 at 6:51PM

I have 1 CCJ 3 years old and 3 defaults from 2 years ago with no credit cards and i applied after getting a promotion at work as i needed a more reliable car

ended up being offered up to £8,000 but ended up with a £6,000 loan at 18.9% over 2 years ( could have been up to 5 ) and was able to find a car, tell them about it and collect within 3 days. Had it since October and have paid off over half already as they allow 3 extra payments per year up to £1000 a time so worked out ok for me when no one else would even look at me

As long as you can pay it earlier i dont see a issue with higher APR if like me you have a bad credit history and really need a car :beer:

BossKy · 16 April 2017 at 7:21AM

Wow congrats and thanks for sharing

BossKy · 16 April 2017 at 7:22AM

yep will certainly be aiming to repay sooner to avoid getting hit by the high apr as much as possible. Congrats on the vehicle.

forgotmyname · 16 April 2017 at 10:22AM

Sister had a bankruptcy and on her file and other debts that were not included in it.
She got a car at a stupid interest rate, car was way overpriced also. Car needed major repairs long before she paid the loan off. (approx 18 months).

She made the final payment and scrapped the car straight after.

BossKy · 17 April 2017 at 9:10AM

Who is your lender ?

Dandytf · 17 April 2017 at 12:17PM

Purchased a car-twice during existing DMP years-multiple defaults, no ccj's

Moneybarn-prevous car.
Blackhorse finance-this years car.

Have YOU managed to secure car finance?

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