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tell_it_how_it_is

woodbine wrote: »

people who get ripped off financially in 2011 must be,blind ,deaf.stupid or maybe all three
and i make NO appology for saying so

And, reading your location info, you've got yourself a "brand new park home in Derbyshire"?

Hmmm! :think:

[Deleted User]

tell_it_how_it_is wrote: »

And, reading your location info, you've got yourself a "brand new park home in Derbyshire"?

Hmmm! :think:

yep for only 60% of the asking price and its brand new,we also paid off our mortgage and all our debts in the process,so a win win situation
btw have you seen any of the newer park homes?
heres an example: http://www.rightmove.co.uk/property-for-sale/property-29696308.html

geoffky

woodbine,,looks like the newbies are chasing you out of town..:D:D
be nice to them..:T:T

Apples2

They are charging 54.87% APR.

Anyone challenged enough to agree to that wouldn't give a hoot is the interest is on the borrowed money including the deposit.
It's a pointless question.

If you are considering agreeing to that, you have money to burn and are far more wealthy than everyone else on this board put together.

Serious question for you:

WHY are you concerned about interest being added to £275 when you are happy enough to pay over 54% on £528?

DCFC79

dfh2012 wrote: »

"Beware pay monthly options - usually the insurer actually just loans you the annual cost and then charges interest at hideous rates on top."

thats well known that paying monthly works like that

autosec

thanks for sensible reply

if you use the 12% interest rate total interest is equivalent to whole amount
i.e 12% of 803 is 102 figures approx they then add two figures together then remove the deposit and divide final figure into 9 monthly payments (sorry not ten as i previously stated) this according to them equates to 54%apr
if they added premium after deposit i.e 528 plus 12 % = 568 9 payments of 63 saving approx 63 in interest total payable £568 + £275 = £843

using original close premium method total payable = £905

postcode is probably one of the factors

Bolton is known as one of the scam insurance hot spots in the country

autosec

Thanks for reply

they are not charging me interest on deposit any more as i didn't agree to finance

by the way for people who keep saying they cant believe i am paying 54% i am not and wouldnt have been anyway the interest rate was around 12% it is the way apr is calculated that makes it seem expensive
payday loans are a good example of this quoting 2000plus aprs however you are not paying that amount only if it becomes a loan for a yr with all charges etc taken into account

Lessbutbetter

woodbine wrote: »

people who get ripped off financially in 2011 must be,blind ,deaf.stupid or maybe all three
and i make NO appology for saying so

Ah John you're clearly such a modern man, and speak so eloquently, however you're very quick to judge and name call posters who are only out for a bit of help. Not everyone is as clever and clued up as you, after all look at what you live in you lucky !!!!!!!

Your posts almost make me think you "happy and peaceful new year" wishes are sarcastic.

Good luck with at the trailer park

[Deleted User]

Lessbutbetter wrote: »

Ah John you're clearly such a modern man, and speak so eloquently, however you're very quick to judge and name call posters who are only out for a bit of help. Not everyone is as clever and clued up as you, after all look at what you live in you lucky !!!!!!!

Your posts almost make me think you "happy and peaceful new year" wishes are sarcastic.

Good luck with at the trailer park

someone else who has NO idea what a modern park home is or the parks they are sited on !!!!,the park we live on is 200 yeards from miles of open countryside and the nearest houses sell for around half a million...some trailer park lol
clearly you arent as clever as me !

tell_it_how_it_is

woodbine wrote: »

someone else who has NO idea what a modern park home is or the parks they are sited on !!!!

Who was the first?