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Could this be the reason why we are unable to get car Finance :-(

JemmaW1982 · 2011-02-19 18:47:23

I have had a car through BMW for the past 3 years. We were due to either hand it back Jan 2012 or pay a balloon payment on it & the car be ours. With being pregnant & also the boot being small, we handed the car back to BMW as we have paid over 50% & were able to voluntary terminate the agreement.... I spoke to BMW on Fri…

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marmitedog Posts: 116 Forumite

20 February 2011 at 5:10PM

JemmaW1982 wrote: »

as we will be car-less we know we can afford it as well

Except you can't afford it, thats why you need somebody to finance it for you.

Why not get a loan from a bank or similar? Using dealer finance means you're paying extra via the commission the dealer gets. Cut out the middleman if your credit rating is as good as you say.

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Could this be the reason why we are unable to get car Finance :-(

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