Advice for new car finance??

Glass_Half_Empty??

My girlfriend is getting a new car from reg vardy and has struck a deal with them but they are trying to charge her around 20% interest :eek:
I wondered if anyone had any info or knew of any companies that could better this offer. Her CR is good enough for her to have been offered a mortgage for 5 times her wages at 4.8% interest so I can't see anything wrong with it myself but she is worried that she will be rejected.
Thanks in advance for any replies

movingforward2010

would it be an option for her to get a cheap personal loan?

Glass_Half_Empty??

wxmlad wrote:

would it be an option for her to get a cheap personal loan?

Well the car is 7400 so not really, she already has one loan and one credit card but has never had a late payment and her wage is'nt bad at 23k but she is worried of rejection and as it is easier to get car finance(as it is secured) rather then personal I just wondered if anyone knew any decent places

tee_pee_2

Oh is looking at cars at the mo and to ne honest I am looking at o% credit cards for 12mths and just got M&S. If that is not likely to cover the cost of the card why not read Martin advice on the latest email about flexible loans. Offes a flow chart with different options and then you can make a choice, but trust me it will be a while lot better than Veg Vardy's offer.

Tee
x

billywhizz

Can you be more specific when you say 20% interest? Is this APR? Or are you looking at the total charges. Is she getting Hire Purchase or Personal Contract Purchase? I can point you to all sorts of people who may be able to help.