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Unable to get loan for new car

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Comments

  • Timmne
    Timmne Posts: 2,555 Forumite
    kittiwoz wrote:
    Well that's why new stuff comes with waranties, but it is still inconvenient if it breaks down.

    True - depends on the car though; mine's never broken down but my brother's fiesta which is the same age didn't start properly for 3 weeks when he first had it!

    Sorry I seem to have brought this slightly off topic!
  • powerbase
    powerbase Posts: 157 Forumite
    Timmne wrote:
    True - depends on the car though; mine's never broken down but my brother's fiesta which is the same age didn't start properly for 3 weeks when he first had it!

    Fiestas are known to have problems starting even brand spanking new ones.

    I'm in the nearly new camp. As soon as a car drives out of that car lot its value shoots down, so no point in brand new but if you want a newish feel go for 6 months old or maybe ex demo (though I'm never sure about exdemos).
  • I've just taken out a 3 year loan for a car with Direct Line at 6.4%. To get this rate you had to borrow 5,000 or more - might be worth a phone call
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