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Loan for a car and getting a good rate
Strider007
Posts: 20 Forumite
in Loans
Hey guys, I'm looking to buy a car I've found and need about £5k of a loan to pay over 4 years. I could purchase it using the higher purchase which I'll probably get approved but I think the rate will be around 15%. I thought it may be better to get a loan elsewhere and get a better rate. I recently did a credit rating with experian a got a fair profile at 75*. Sainsburys I've seen do a rate of 7.9 but according to moneysupermarket.com it's only for excellent profiles.
Is it worth applying for with my credit rating? Or just accept the hire purchase rate?
Is it worth applying for with my credit rating? Or just accept the hire purchase rate?
0
Comments
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The Experian score is worthless, Sainsburys won't take it into account when reviewing your application, the only way to find out the rate you'll be offered is to apply0
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