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The Sub Prime Credit Thread - Part IV
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spiritual1 wrote: »depends on ure credit status aswell elky, if its whiter than white ie when mine will be next june id get the best rate, less than whiter than white they charge a premium kinda like subprime credit cards though i just came across credit plus car website which charges 17.9% apr and if ure in the subprime category might be worth a look, price u pay for bein subprime an all that and u basically pik a car from there site and go for the finance could be worth a look at the least etc.
to be honest though if u can always go for a loan LOW RATE for car option as bthese finance places high apr etc always tend to somewhat rip u off price wise, hence why ive been avoidin them..........
The insurance for a new car will be incredibly expensive because I've only had my licence for 4 months. I just did a quote for a car I found and they are wanting £2800 and that's only third party fire & theft!We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
price it at performance direct mate rememberin ure miles and believe it or not 3rd party fire and theft is not ALWAYS cheaper than fully comp i know that sounds weird but sometimes its the way it works out or same price etcThe insurance for a new car will be incredibly expensive because I've only had my licence for 4 months. I just did a quote for a car I found and they are wanting £2800 and that's only third party fire & theft!
remember once u knock up at least a years no claims bonus itll change A LOT im on 6 years no claims and go with esure u need to have at least 4 years no claims before theyll even look at you plus my claims bonus is PROTECTED0 -
[QUOTE=spiritual1;31535965_3rd party fire and theft is not ALWAYS cheaper than fully comp[/QUOTE]
i had that fully comp was £380 and 3rd party was £5200 -
i had that fully comp was £380 and 3rd party was £520
yeah kinda crazy but true i think its arguably some insurers may think ure actually more likely to look after ure car if its fully comp as opposed to third party.......
either way one of those strange but true facts with quite a few insurers....lol0 -
Car finance is relatively easy to get approved for.Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100 -
spiritual1 wrote: »yeah kinda crazy but true i think its arguably some insurers may think ure actually more likely to look after ure car if its fully comp as opposed to third party.......
either way one of those strange but true facts with quite a few insurers....lol
lol My insurance premium went down by a few hundred pound the more named drivers I added.
My insurance was originally going to be £1900 but I added 2 named drivers and it came down to £1200.
I had a 10 month bonus accelerator policy but I won't get my full years no claims now all because one stupid b*stard failed to keep the correct distance. :mad:We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
Innocent_Guy wrote: »Car finance is relatively easy to get approved for.
Is there usually an income requirement?We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
Innocent_Guy wrote: »Car finance is relatively easy to get approved for.
yeah but at whate RATE of apr lol0 -
lol My insurance premium went down by a few hundred pound the more named drivers I added.
My insurance was originally going to be £1900 but I added 2 named drivers and it came down to £1200.
I had a 10 month bonus accelerator policy but I won't get my full years no claims now all because one stupid b*stard failed to keep the correct distance. :mad:
just realised elky get a parent to insure ure car in THEIR name or a friend with good drivin history and get them to add YOU as a named driver, shop about as certain p[olicys still allow u to build up no claims this way you could save a small fortune 0 -
spiritual1 wrote: »just realised elky get a parent to insure ure car in THEIR name or a friend with good drivin history and get them to add YOU as a named driver, shop about as certain p[olicys still allow u to build up no claims this way you could save a small fortune
Tried that. I don't know anyone who has a long driving history, only people with fairly new licences but even then, the cost tripled.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0
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