Car Finance

johnnyderby

This enquiry is not for me but my friend,does anybody know if you can get car finance on a cat c car(insurance write off).He has seen a car for very good money at a showroom dealership and has phoned them asking about the damage.The damage has been fixed by an audi garage and the dealership have the log book v5 with 12 months mot so imo the damage has been properly fixed and can not be seen,but would finance companys refuse him because of this replies appreciated.

thebaroness

It's unlikely they would lend on a vehicle that had been written off. For Hire Purchase, lenders want security in the vehicle which will be based on their valuation of it. Vehicles that have been written off are harder to value because the lender cannot guarantee the quality of the repair. Could he apply for a unsecured loan from another source?

stuartm100

If he takes out a personal loan the bank/building society/supermarket won't care what kind of car it is, it will just go down as "car purchase"

PNPSUKNET

is it a back street garage, normaly high street dealers wouldnt offer this type for sale. I would think though only a personal loan would be available