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Nationwide Soft Search 11.3%

Ady87
Ady87 Posts: 275 Forumite
Part of the Furniture 100 Posts Combo Breaker
Hi,

I'm after a new car and decided a bank loan would be best. I read on here about the Nationwide soft search and did one and it came out at 11.3% for £8,000.

I'm looking for around £7,500. My credit rating is 366 (this is due to me moving into a new address in January, I lived at my previous address for 18 years).

Can anyone suggest what would be the best bank to go to? I currently have an account with RBS for over 10 years and have seen that if you borrow £7,500 or more the rates are quite good.

Any advice?

Comments

  • Saints2011
    Saints2011 Posts: 933 Forumite
    Thats a fairly good rate, go for it, but £8000 in debt for a Car?

    Ignore your score, see my signature.

    The rates you see advertised are only offered to 51% of people, so dont get hung up. 11.9% is fairly good snap it up.
    Can I find out my credit score?
    You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)
  • 11.3% isnt bad,and would suggest that you would be accepted
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    My score is 467,666,238, what rate can I get a loan for a car? (Looking for about £50k). Cheap cars are for idiots.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • JoshBee25
    JoshBee25 Posts: 91 Forumite
    I was offered 7.5% from naitonwide my score is 806, I'm 19

    Let us know if you get accepted I went for £7,500 so I'm hopefully mines for a car as well.
    Total amount of debt - £3540
    Overdraft - £1540
    Credit Card - £2000

    Amount Payed - £100
    Amount Left - £3440
  • Ady87
    Ady87 Posts: 275 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The reason I want £8,000 is because I've only been driving for 7 months, and the older the cars seem to be, the more my insurance is. I was previously paying £241 a month, and I know it can depend on a lot of things, but the newer seems to reduce it.

    Just hoping I can get something decent.
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