Help with car on Finance

beanyy · 30 October 2008 at 5:57PM

Hi just wondering if anyone knew how choosey HP companies are on giving car finance, i'd like some advice before i go ahead and apply as i've haven't got a particularly squeeky clean credit file!

Thanks in advance for any help

Brian_Bullocks · 30 October 2008 at 9:52PM

beanyy wrote: »

Hi just wondering if anyone knew how choosey HP companies are on giving car finance, i'd like some advice before i go ahead and apply as i've haven't got a particularly squeeky clean credit file!

Thanks in advance for any help

Not much luck for you. Probably "Yes Car" type outfit might help out, but they will screw you in the car price, part X and interest rates :eek:

beanyy · 30 October 2008 at 10:02PM

Oooh ok then, looks like i'll just apply for a topup loan instead, thanks

pinkshoes · 31 October 2008 at 12:59PM

Why don't you just buy an old car with an MOT and tax for less than £500 and insure it 3rd party?

beanyy · 31 October 2008 at 1:00PM

I'm not strapped for cash, i've got a car i own outright which is worth about 2.5k, just looking to find money to get a better one.

hewhoisnotintheknow · 31 October 2008 at 2:09PM

not being rude but you sound like you should be avoiding credit

beanyy · 31 October 2008 at 2:11PM

whys that?

hewhoisnotintheknow · 31 October 2008 at 2:23PM

your signature

beanyy · 31 October 2008 at 2:24PM

I earn £1300 a month, my total outgoings only come to £300

AdrianHi · 31 October 2008 at 3:44PM

So if you really wanted to, you could be debt free in about 7 or 8 months and then by this time next year have about £5,000 to spend on a car, or a cleaner credit record having paid off debts and so access to better deals?