Car finance

worriedbloke

Hi I am in process of buying a new car around the 8k mark.

I have around 5k to deposit and want to finance the rest.

My question is will I be able to get a finance with large deposit? Reason I asked is that my credit file is trashed with 1 CCJ that was from tax credit for £238 quids which I did not know till I found out on my experian it was due to them sending letters at my old address. It paid off in full.

Secondly got 3 defaults which is cleared but it was due to messy divorce things got out of control with finances.

What chance do I stand in that of getting a car finance with large deposit.

I assumed that maybe a large deposit would be more secure bec obviously if I don't pay the finance company would have it back with a capital.

Thanks

PNPSUKNET

I should imagine you will as you would own near enough all the car, so the finance company could repo and get their outlay easy

Duncombe

Why not buy a car around the 5k mark and not have to worry about finance?